However little I trust bankers, I trust Meta even less. If you’ve ever dealt with Meta after your account gets blocked, you know what I mean. Despite working at Facebook, my account was deactivated without any explanation or reason. I hadn’t even posted anything. So I wouldn’t trust them with a dime, let alone my livelihood.
Would you seriously entrust control of your life savings to an algorithm that can block any wallet at will because it decides your way of thinking is wrong or your political views don’t fit the current narrative?
If anything, I’m glad big Silicon Valley corporations don’t have stablecoins with massive adoption yet.
LayerZero token claims for the StableUnit DAO community are open now 👀
13,500 $ZRO were allocated to OG DAO members, Bridgers, and Huddle Builders 🐧
To check eligibility & claim 👇
just some calculations: 1 Gh/s (1 billion of hash checks per second), base 16 alphabet and 13 digits will give something like:
(16^13)/(10^9)/(60*60*24) = 52 days, which is quite noticeably longer than 2216s = 37 minutes
On the topic of brute-forcing keys: how lucky did our DAO member get by guessing a 13‑digit CREATE1 smart contract address (0x77777773dfc018aa45abe8ab9aaea1afc6777777) in just 2216 seconds on an RTX 4090?
Wondering how many of these new stablecoins will be pausable, freezable, or blacklistable - with governments promising not to abuse that power or freeze your funds at will. Like if you skip the COVID-26 shot or fall behind on a medical bill.
A great thread from @awxjack and he's asking the single most important question.
You're right that off-ramp costs are the final hurdle. But the core value of stablecoins isn't competing with the <0.01% interbank rate.
It’s about giving everyone else access to it.
[Thread 🧵]
when i first heard about Bitcoin, i was still at uni, it was freezing february and btc was at $0.87,
just 9 months after Laszlo Hanyecz - a coder from Florida bought two pizzas for 10,000 bitcoins, and another dev Gavin Andresen in New England created a site called the Bitcoin Faucet, that gave away 5 bitcoins per visitor, for fun
since then, every single cycle legacy finance keep yelling how bitcoin is a bubble, never adoption, money laundry, very bad, please use -30% apr credit cards instead...
and yet, 14 years later, here we are: bitcoin is at $111k, the largest banks announcing their own stablecoins, countries add bitcoin to their reserves, we and we’re now talking about DeFi on bitcoin and making it a reality.
Can’t wait to see what the next 14 years will bring
happy bitcoin pizza day, everyone!
there is no world where DeFi doesn't win. T-bill backed stablecoins are doomed, rates will eventually tend toward zero. centralized exchanges are losing market share to perp dexs. we're entering the most promising era for DeFi.
stableunit.
we're coining one thing and one thing only
a stablecoin that earns yield from multiple onchain revenue sources, paid directly to your wallet, in real time
stableunit