Run growth at startups. Prefer living in a van. OpenCMD coming soon.
San Francisco, CA
Joined June 2022
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why isn't SBF being labeled an international fugitive as well? why is he not being called a criminal like all these other madoff clowns?
OpenCMD retweeted
Start with the big, current one.
Currently it looks like over 66% of the beacon chain validators will adhere to OFAC regulations, @LidoFinance @coinbase @krakenfx @stakedus @BitcoinSuisseAG
OpenCMD retweeted
Something tells me that it might just be...
members.delphidigital.io/rep…
So isn't anything that requires a centralized entity to give you credibility at direct odds with creating something that isn't at the behest of certain institutional investors or entities?
Circle ultimately needs to play by web2 / central banking rules from time to time because they depend on those very relationships to continue to sustain this level of collateralization / consumer confidence.
Doesn't this mean that fiat-backed stablecoins will ALWAYS be subject to fiat rules? Circle uses the central banking system to back their assets and create consumer confidence through its fiat-backed collateralization.
We shouldn't be so shocked that Circle just freezes USDC when they want because they ultimately have to take into account what the banks and centralized authorities want / mandate to a certain extent / in certain cases like Twister Cash.
It means that fiat-backed stablecoins will ALWAYS be subject to fiat rules. If centralized banking systems are collateralizing all of the USDC in circulation, Circle has to follow their rules to continue to bank on complete fiat-backing to ensure consumer confidence.
OpenCMD retweeted
My @GitHub account was just suspended 🤷
Is writing an open source code illegal now?
OpenCMD retweeted
A short thread about EthPoW and what is quite likely to happen:
Spoiler TL;DR: Galois et Guo delenda est
🧵👇
