Justin Smith

#412 #PSU

[Justin Smith @smithjustin158]

@Bitcoin_Playboy @MoonOverlord Ngmi

[Justin Smith @smithjustin158]

@EileenTurner8 @NumbersMuncher @btharris93 It gets clicks they don’t care about anything else

[Justin Smith @smithjustin158]

@cemozer_ You can use wormhole natively through sollet wallet. There’s a transfer from erc20 tab

[Justin Smith @smithjustin158]

@APJulian @Steven_McKie Probably everything...

[Justin Smith @smithjustin158]

@hussmanjp Do you think the quantitative easing has caused disproportionate asset inflation since the 08 crisis. This divergence could be explained by that rather than thinking it’s at some peak

[Justin Smith @smithjustin158]

@djwhite901 @ChainLinkGod @0xf4u5t @wolfofwallst If it’s worth 10,000x in a few years it’s not gonna be a pump and dump ponzi coin

[Justin Smith @smithjustin158]

@wolfofwallst dude you couldn’t pump doge we know you ain’t no Elon

[Justin Smith @smithjustin158]

@bitcoinluka @antiprosynth @AviFelman And as far as I know the treasury bond yields come from the federal government not the central bank. You could argue the central bank could bail out the us if they can’t pay but at that point the treasury doesn’t seem so risk free anymore

[Justin Smith @smithjustin158]

@bitcoinluka @antiprosynth @AviFelman Well the bond yields are still variable too right? Price and yield change over time

[Justin Smith @smithjustin158]

@bitcoinluka @antiprosynth @AviFelman staking yield is guaranteed it’s part of the protocol inflation for ETH2.0. As guaranteed as the btc block subsidy. I had forgotten about lightning channel pool markets though, wouldn’t call that risk free but at least it’s a market running on a decentralized stack with btc yield

[Justin Smith @smithjustin158]

@MoonOverlord Can you imagine learning defi on binance smart chain just coming in here for the first time this cycle? Probably doesn’t hit the same way as yfi/yams/sushi farming

[Justin Smith @smithjustin158]

@alex_kroeger @fintechfrank I probably don’t know enough about market making to make the connection in my head but the comparison between protocol and business expenses between coinbase and uniswap are interesting

[Justin Smith @smithjustin158]

@alex_kroeger @fintechfrank hmmm but wouldn’t the static swap fee be similar to the trade fee coinbase sets? Then the market makers make fees off the spread? uniswap doesn’t really have a spread but I feel like if uniswap sets a static fee that might not be the same as market makers on coinbase coming in

[Justin Smith @smithjustin158]

@alex_kroeger @fintechfrank Still revenue though right? and then the LP fees are a protocol expense with a profit of whatever amount of the fees are captured for treasury/sushi stakers.

[Justin Smith @smithjustin158]

@bitcoinluka @antiprosynth @AviFelman I mean most of the worlds value is tied up in treasuries and debt no? Seems like the eth as a digital bond narrative with POS yield could be more attractive than btc digital gold as a $10 trillion asset class. Btc needs to build out more on chain uses other than holding

[Justin Smith @smithjustin158]

@MamaisTony @PlayWithPenny @JackMurphee @TheDailyShow They wouldn’t have to redact statements after their shows if they weren’t presenting themselves as news. They would just make shit up like breitbart. They wouldn’t be going to court to defend their speech habits

[Justin Smith @smithjustin158]

@MamaisTony @PlayWithPenny @JackMurphee @TheDailyShow It affects public opinion and discourse. We all seem to agree they don’t present real facts. They attempt to persuade their audience they do though! and their audience typically believes it to be true. CNN and other mainstream media sources do this but fox in particular is bad

[Justin Smith @smithjustin158]

@MamaisTony @PlayWithPenny @JackMurphee @TheDailyShow They present themselves as news

[Justin Smith @smithjustin158]

@0xGLHF @RyanWatkins_ Yea especially for an industry with such exponential growth

[Justin Smith @smithjustin158]

@NovaGN1 @VinceSneyd @0xcryptostudent @TheGerman21 @HinkieCrypto @CryptoWhale @elonmusk @stoolpresidente Although I’ll admit they should just sell that or restructure it in another manner to keep it 100% usd

[Justin Smith @smithjustin158]

@NovaGN1 @VinceSneyd @0xcryptostudent @TheGerman21 @HinkieCrypto @CryptoWhale @elonmusk @stoolpresidente I think they reported it to the AG as some small amount that was purchased a long time ago. I’ll have to dig it back up but thought it was 1 or 2%.