Today’s a very cool day. Ive really enjoyed @lineofakc work over the last yr+ but I was struck by a new piece.
Edward Hoppers Nighthawk diner scene is a famous work of art & favorite of mine.
Now it’s an amazing story - what happened in the space between the original & this?!
Are you asking about cash or crypto ? For crypto: lower cost of capital transfers, immediate collateralized loans, store of value , tokenization of assets, application and retention of royalties to digital assets like books, real time, low cost insurance markets , cold storage ownership of significant assets to protect against theft
Good enough start ? I’ll let others add more.
If the SEC would follow Japan’s lead the fraud would be reduced significantly.
And as a point of reference the amount of fraud in bulletin board stocks rivals that of today’s crypto. The SEC will let you trade billions of shares of bankrupt companies that have announced they their shares will never have value.
This is an institutional failure of the SEC, not a crypto issue. If the SEC has instituted audited collateral and segregation of funds requirements , we would not have seen FTX and others fail.
@shawnlgrubb I’m a huge sci-FI fan but I’ll be honest, SevenEves was the only book of his I truly enjoyed. It’s arguable in my top 3! But I just couldn’t get into any of the others.
Out in the wild at EWR airport bookstore. Pushed the rest of the shelf over to turn it flat & stand out like it should. @cdixon
If you haven’t read it yet you should. Or listen to the interview with Rubin at least.
Two more privacy developers arrested in the US today.
This time for building a bitcoin privacy service.
Where does it stop?
"The Samourai wallet developers should have known you can't host a centrally operated mixer."
Ok, well the tornado cash developers deployed privacy as immutable code - nothing centralized - they also got arrested.
Up to 25 years in prison for writing code that helps people keep transactions private.
The UN estimates banks facilitate nearly $2 trillion in money laundering each year - not through custodyless code - but as willing intermediaries.
Dozens of major banks have been fined billion of dollars for money laundering over the past decade.
How many bankers have you seen go to jail?
They are making an example of crypto because they don't want us to have private peer-to-peer transactions.
Not by passing laws in democratically elected chambers. Not by issuing public guidelines.
They just come to your house and take you away.
Who's safe from this regulatory terrorism.
And who's next?
zcash is a privacy preserving blockchain - aztec is a private layer 2 - how about them?
How about their investors and users?
Or the DeFi protocols that interact with them?
How about the at-home Ethereum validators who process their transactions?
Or the developers working on open source cryptography libraries?
There's really no way to know where they'll stop because they're not following actual laws.
This is regulation by arrest. They want to scare us.
Maybe we stop them from sending our privacy devs to jail in the courts. Maybe. Is that really what it's come to?
I'm so disillusioned by a justice depart that calls this justice.
There's too few of us to fight. No one's coming to come save the crypto bros. Because they yet don't know what's at stake.
If we lose the right to crypto privacy we lose the right to transact.
That's where this is headed.
I wish i had better news.
@DarrenSRS I registered for https://t.co/KFxCAUcvca w/ my hot wallet & added my social/NFT accounts etc. I was going to delegate from my vaults to hot. Did I do this backwards? Should I base my seize account on vault wallet 1st? Or just connect vaults to delegate to hot account?
@CozomoMedici This is amazing! Are there any plans for where this piece will live long term? Any chance of it being displayed somewhere permanently? I would pilgrimage to see it
I could tell it spoke to me for a very clear reason- at first glance I could see a new PFP for myself inside of it.
Ive have yet to change my PFP since creating this account so that was a surprising revelation.
https://t.co/fVJ5wfjB4O
AKC is one of the artists in this space that has an unquestionably unique style and fingerprint. You can spot an AKC piece right away.
Idk if folks were sleeping or too focused on memecoins, but felt like the auction was criminally low and I connected with the image immediately.
Today’s a very cool day. Ive really enjoyed @lineofakc work over the last yr+ but I was struck by a new piece.
Edward Hoppers Nighthawk diner scene is a famous work of art & favorite of mine.
Now it’s an amazing story - what happened in the space between the original & this?!