After a year of using pretty much at least once a week, I think Thorchain should be integrated to all exchanges out there. The freedom to get in and out of #Bitcoin natively using my hardware wallet was an absolute blissful experience.
Financial privacy in the U.S. has been in disrepair for more than 50 years, and it’s getting worse.
How did we get here? And how can we improve financial privacy for all Americans? https://bit.ly/423WeJb#CatoEcon
Less than four years later and Federal debt is now $31 trillion. Up 40%.
The situation is completely fucked and impossible to fix.
If you own government bonds you are the greater fool.
The 10-Yr Treasury rate over the past 60 years. The Federal Gov has ~$22 trillion in debt. Each additional 1% rise in rates is ~$220 billion in additional annual expense. 3% rate increase (still below norm) adds more interest payments annually than entire military budget. #rekt
. This bill clarifies the regulatory classification of digital assets and provides market certainty for innovators and clear jurisdictional boundaries for regulators.
Tether#Bitcoin
Starting this month, Tether will regularly allocate up to 15% of its net realized operating profits towards purchasing Bitcoin. These Bitcoin shall be considered on top of the minimum reserves assets that 100% back tether tokens.
More https://tether.to/en/tether-to-further-strengthen-reserves-through-purchase-of-bitcoin-with-realized-net-operating-profits…
Better to build decentralized things which transcend policy.
I’m glad some are fighting the good fight in Mordor, but permissionless technology doesn’t ask permission.
1/ If you're a leader in crypto right now, you have two jobs: 1) build things aside from a shitcoin casino, 2) engage in the policy conversation.
We can only fight the fights on privacy, self-custody, innovation, etc. when we are somewhat serious.
Did you know that the US government has defaulted on its debt 4 times before?
Watch for politicians and commentators that get this wrong as it is a strong signal they are mostly uninformed or dishonest.
🇺🇸 US national debt:
1st of January, 2000: $5.7 trillion
1st of January, 2010: $12.3 trillion
1st of January, 2020: $23.2 trillion
13th of May, 2023: $31.4 trillion.
🤯 H/T:
The Texas House #txlege voted 139 to 2 tonight to add the following to the Texas Bill of Rights:
The right of the people to own, hold, and use a mutually agreed upon medium of exchange, including cash, coin, bullion, digital currency, or scrip, when trading and contracting for…Show more
v. SEC case, calling out the SEC for acting "unlawfully" in the digital asset space.
This is The U.S. Chamber of Commerce--not the Chamber of Digital Commerce.
This is a Big Deal.
Here's why...
A lot of crypto, AI, and ML people follow me, so I want to bring attention to this effort.
If you’re good with data visualization, consider trying your hand at the Vesuvius Challenge.
Important historical project.
U.S. IRS Files Claims Worth $44 Billion Against FTX Bankruptcy
"The claims are filed under the classification Admin Priority, which could allow the IRS claims to take precedence over the claims of other creditors in a bankruptcy case"
Nationalized. GG.
https://coindesk.com/business/2023/05/10/us-internal-revenue-service-files-claims-worth-44-billion-against-ftx-bankruptcy/…
"Crypto bros ... made over a trillion dollars out of thin air," @BradSherman says at a U.S. House hearing today.
"They'll accuse the U.S. government of making money out of thin air. Maybe we do, but we're the U.S. government."
Watch the hearing: https://youtube.com/live/axdrK4ImXAY?feature=share…
“The number of whites who were enslaved by the Barbary pirates in North Africa exceeded the number of Africans enslaved in the United States and in the American colonies before that—put together. But nobody is going to North Africa to ask for reparations, because nobody is going…Show more
What if there was a way to:
• Mitigate climate change
• Create more life
• Grow the economy
• And make money along the way?
Let's call it *Seaflooding*
who arbitrarily censors my writing. Links below to the latest essay "The Denominator" and the general page below.
https://bit.ly/3psh2ML - article
https://bit.ly/3LON112 - homepage
“But wait, if ShapeShift doesn’t charge fees, how do you make money??”
I get this q a lot 😅
There are in fact infinite ways to generate revenues besides fees. Today, I’ll show you how no fees can actually lead to more revenues 🤯🧵
Denver City Council member Candi CdeBaca, who is running for re-election, says white owned businesses should be taxed extra and redistributed to black owned businesses.
If it had registered as a security, no exchanges would've been able to support it, and the project would've been dead.
There is not a single crypto asset which a) registered as a security and b) found any adoption/use/success whatsoever.
One of my longest awaited podcast guests:
Ep. 47: Erik Voorhees on Separating State & Money, DAOs and Legal Engineering @ Decentralizing Finance 2023 - A Prospera Builders’ Summit