Start your own company
Start your own community
Start your own currency
Start your own city apnews.com/article/legisl…
San Francisco sucks. You can build something better in the sands of Nevada. And decentralize tech to the rest of the world.
I’ve been working in this area for years with folks like @patrissimo@mwiyas@MarkLutter, so DM if you’re doing a project like this and seeking funding.
Tech companies: take all the money you’d have spent on an expensive office, and use it to bootstrap a city in NV.
Lower the cost of living for employees. Build an equity stake in land. Gain write access to your physical surroundings. Legalize self driving cars & delivery drones.
It will be faster to build your own city and recruit 800,000 people than to reform San Francisco.
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- Crypto is now a $1T industry
- Bitcoin and Ethereum have enabled >$1T in annual transaction volume
- Decentralized finance has ~$30B in assets
- Coinmarketcap.com is more popular than the Wall Street Journal!
It is now a global phenomenon.
NATIONAL SECURITY
Crypto defends India's national security by foiling deplatforming.
Bitcoin prevents financial deplatforming. Digital gold is a rail of last resort for crises like 2008.
And Ethereum prevents social deplatforming. Create social networks the US can't shut down.
1) can be coded by anyone, vs expensive lawyer 2) can be diligenced & used by anyone in any country 3) can be deployed in minutes, vs days to incorporate 4) blockchain enforces payouts, not legal system
As different as website & printed book.
Btw, hedge funds don’t “hedge their bets against one another”. The name is a legacy and many are actually high-risk vehicles.
It’s one thing for these people to know nothing about anything. It’s another to *not know how little they know*. And then to be snide about it!
Today showed us that the SEC has had it wrong. The problem isn’t that some cryptos may be securities. The problem is that all securities aren’t yet cryptos.
Now is the time to draft a bill that legalizes security tokens.
If all securities were represented on-chain:
- all users have self-custody of certificates
- brokerages can’t stop you from trading
- trading runs 24/7
- and settlement happens in minutes, not days
Basically, root cause is the antiquated financial backend. On-chain fixes this.
The stockchain
What we just observed was a technology problem that is being cast as a human problem. It was basically a Slashdotting of the legacy financial system, an unexpected workload that it isn’t prepared to handle. Putting stocks on chain really does fix this.
We don’t know all the facts yet. It is quite possible Robinhood was leaned on by the SEC, a banking partner, or one of many other regulators / regulated entities they are beholden to.
We’re seeing the limits of fintech vs crypto in real-time. Not your rails, not your stocks.
OK, here *may* be why Robinhood & other brokerages shut down trading.
Not because evil. Because they can't afford the cost!
Due to the volatility of these stocks, their partners now (understandably) want cash up front. No one wants to be holding the bag. finance.yahoo.com/video/heres-wh…
This is plausible to me & similar to the kinds of thing that happen in crypto when there is an unexpected surge in price.
If true, it's a supply chain issue due to slow settlement times. No one wants to take principal risk on a ton of highly volatile assets.