The path starts here
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Make his finest asset yours
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We are more than 30 trillion dollars in debt, have permanent deficits, doubled the money supply over the last 24 months, have endless proxy wars, have destroyed our competitive edge with crypto and other emerging industries, and are trying to triple the energy cost. Yet, we don't understand why we were downgraded.
These people are fucking jokes.
whew lad, lots to digest in the SEC lawsuit vs Do Kwon and Terraform Labs
right off the bat, a very interesting fact is that the SEC is being more thorough than usual--specifically running through the Howey test for various assets (UST, LUNA, and wLUNA) and also alleging that mAssets are securities-based swaps (which will be no surprise to people who have followed me for a while--have warned repeatedly about synths potentially being swaps)
will post more notes here as I read through the complaint
“It seems that the most reasonable path for Aave is to freeze this reserve and invite users to switch to another stablecoin among the diversity present in Aave,” the proposal reads.
@caseywagnerr reports
https://t.co/e5bAFsxLmL
1/ 1-to-1 fiat-backed stablecoins are not securities. And nothing that's happened this week changes that statement. There are players in the market that operate responsibly, with consumers and regulators in mind. Secure, 1-to-1 fiat-backed stablecoins are crucial to this industry
@coinbase 🆚 @SECGov In the future?
👏 to Coinbase for publicly fighting back regarding 🥩 as @GaryGensler cringingly puts it. I do not believe Coinbase will back down from this.
I read the #BTC WhitePaper. Tbh, I didn’t understand all the technical stuff but I knew I was reading something special that could change the world. Immediately, I had immense respect and affection for this Satoshi guy. Apparently, he doesn’t feel the same way.
3. Product and Service. Plus transparency.
The #Binance Proof of Reserve system has now integrated with zk-SNARK, a zero-knowledge verification method.
It will also be made open source. We hope this would help the entire industry benefit.
The Ethernet co-founder who helped pioneer the Internet, and the formulator of Metcalfe's law on network effects, @RobertMMetcalfe, talked about #AI's reliance on data for it's growth 👇
Article by @TiernanRayTech for @ZDNET