why?: imo, validation-as-a-service is *not* like an "earn" program nor like taking capital into a business or fund it's a ministerial tech service there is no unique business plan for Kraken to materially outperform other validators--returns are based on network activity

Time for the #FacebookFiles When he took over, @ElonMusk provided access to Twitter’s archives to journalists to reveal the censorship activities of the previous regime.  But Facebook’s censorship activities have been kept largely hidden from users and the public—until now.

This is probably the worst thread I have ever read on Twitter. Gold medal for snake oil and puffery. Recipe for scaling up and maximizing losses.

post scarcity bros advocating for UBI

1/ A short thread on Sinva v. Merrill Lynch (253 F. Supp. 359 (SDNY 1966)) law.justia.com/cases/federal/….  Why this case?

An interesting web3 concept for weddings: Staking Registry How it works: • Friends and family can stake ETH as a wedding gift. • As long as the couple stays married, they get to keep the rewards. • If the couple gets divorced, the ETH and rewards get redistributed to

I’m constantly amazed at how many times I hear how DAOs are “inefficient”, often by someone who is actually in one. Which efficiency model are they referring to exactly? Like that “efficient” multi-national over there ? Or that “efficient” government ?

_gabrielShapir0 The DApps section of FinCEN's guidance (that purportedly establishes financial regulations on novel technology or its "operators") lacks any citation to the statute being interpreted, or an explanation of the basis for this statutory interpretation, in the section imposing the

The purpose of a public blockchain is to limit State abuses of power. Use of a public blockchain is consent to not be regulated. Nobody is forced to use one.

Simple sentences will defeat 40 pages every time. A great piece by a good friend #stakehouse #stablecoin #Cryptoassets #BIS cryptobanking.network/open-letter-to…

For the umpteenth time- #digitalassets and technology systems do not provide legal rights to their users. They provide system powers. Legal rights come from substantive law or agreements recognized by substantive law. These are not the same.

100 people deposit $100 each into an ATM The cash from each user drops into a single mixed catch all bucket where all the underlaying assets are “co mingled”. To escape the ordinary meaning of “co-mingling” of the funds or assets, it is sufficient to print a new individual

I'm convinced French judges have been closely following my account for years, since French courts seem to be the first to understand how to properly apply issues of fraud, computer hacking, etc. to smart contracts. And France is the EU's leader on MiCA. Bullish.

There are many gaps in claims that DAOs are partnerships. For example a threshold issue to finding that a partnership exists is the contribution by a partner of partnership property *into* the partnership. There is no buyer or seller. Gap 1: when you buy a token on an CEX

80% of cryptocurrency sent to Iran comes from "global exchanges," says TRM. Not "DeFi". Not "unhosted wallets." So how do Iranians circumvent compliance? By signing up with fake IDs. And where do you get a fake ID? From hacked KYC databases. AML is nonsense.

Does anyone know who coined the term “not your keys, not your crypto”? Lets get to the bottom of this

If Circle used the Private Proof of Innocence protocol used by Railgun as their token screener this couldn’t have happened.