Key issue: Ethereum assumes all transactions are final and makes no provision for reversible txns. But people want the security guarantees that come from reversible transactions. That's a huge part of why we use cards to pay for things. Ethereum hasn't provided for this.

Banks do not like stablecoins and want to stop the GENIUS Act in the USA. The problem is "deposit flight" - people would no longer put money in the bank if there is better money available. This would mean the banks need to give more competitive offers for savings accounts and

I loved this interview with Robert Leshner in which they talk about the history of Compound, the creation of Superstate and their goals for tokenized assets, and entrepreneurship generally. #respect youtu.be/wEReF3x07Vk

Truth be told, the only way for me to keep track of all these stablecoins and their yields is to keep writing. 🚨BEST STABLECOIN YIELDS #14🚨 🧵👇

This is what my friends think I do when I tell them that I'm active in DeFi. The reality is that I'm mostly a pretty boring buy and hold type.

Memecoin trading as art.

Here's how to avoid leverage and get >10% APR. For the love of the game... 🚨A NON-LEVERAGED STABLECOIN THREAD🚨 🧵👇

Below, Austin shares some very well articulated thoughts on the Tornado Cash case and reflections on the state of US financial regulation.

Below, Austin shares some very well articulated thoughts on the Tornado Cash case and reflections on the state of US financial regulation.

Now ask yourself which asset in the world can go liquid USD on a Sunday in one ≈$2.7B transaction.

Don't wanna fund your company yourself -> raise debt or equity. Can't access tradfi -> do an ICO. Can't float a token -> launch a points program Can't *launch* a points program -> just announce a future one.

Seems like good things are happening over at StakeDAO. This seems like a big endorsement. I also like that SD is not an anonymous team.

not sure how I missed this but it seems Google Cloud is also launching their own L1 interesting!

People need to learn patience. The path is clear...but never, ever expect tick for tick perfection. Its the pattern that counts.

Seems like an interesting development:

Bitcoin is fueled by pessimism about what governments will do. Ethereum is fueled by optimism about what people will build.

Lots of wisdom here about Return on Hassle. For me, among the most RoH negative items are FSAs (Flexible Spending Accounts). My recollection: I had to submit a receipt to the FSA Politburo for every transaction. And each item has to say "FSA eligible". Even for Aspirin.

Seems important.

Should this be legal?

> be Justin Sun > spawn in China in 1990 > graduate from Peking Uni (harder to get into than Harvard), then UPenn > found Peiwo, China’s largest live chat app with 10M users > become Jack Ma’s golden boy protégé > CCP: “this guy's promoting aural porn” → permaban > at 23, join