I had several interesting conversations today due to the the tweets, so I thought i'd do a tweet thread summarizing first my background, why this situation matters, and the good things that came out of this, because above all, I seek to learn, not just in crypto, but in the world
1/n I've had some people message me to praise me for speaking up, and some ask me why I was being so loud. I hope that the next bits will share a bit more as to why I think it's important to share, educate, and learn together.
2/n I was born and raised in Chicago to two immigrant parents. My dad was born in Taiwan because his father was a physicist for the Kuomingtang (KMT), which was forced to flee mainland china after the Communist Party came into power in 1949.
3/n My grandma, a math teacher, was forced to take the family, hopping to three countries before my dad was 6. They eventually landed in Hong Kong, then still under British colonial rule.
4/n both my parents literally took boats to come to America to study; my dad came to pursue a PhD at Stonybrook University in New York, and my mom to Chicago's Chinatown to wait tables for a dollar an hour cash (illegal to work under a student visa)
5/n she did so to pay for a community college degree to eventually transfer to UIC and finish her bachelors, where eventually my dad incidentally ended up being a teaching assistant after his PhD.
6/n China has had a history of many difficult circumstances pitting intellects vs. regimes, whether the Great Leap Forward. My maternal grandfather, a professor of entomology (insect researcher), was forced to become a farmer in the rural countryside of Guangdong
7/n my mom, at the age of 6, personally witnessed ransacking of any private holdings, even pots and pans being melted down for raw material for the country. At age 7, she broke her ribs as an awkward city girl trying to ride a literal bull to plow the fields.
8/n my grandpa used to sneak extra portions of meat/protein to the kids in the village as the "lunch lady" in food ration line, when the government gave so little that people would eat fucking tree bark. this is the poverty that China has emerged from
9/n my mom is a frail 80 pounds now, but hearing her stories of growing up, I'm infinitely proud of how strong she is, and what she can withstand as a human both mentally and physically.
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You guys are fucking ignorant if you guys think that posting a smart contract is going to shut down a chain.
1. etherscan/bscscan is a centralised platform - this window into the contract can be censored, just like the USDT, USDC, or other stablecoin code is removed.
2. The amount of xenophobia in this space is absolutely horrid, and you should be fucking ashamed of yourselves for proclaiming an open ecosystem of money and value, yet your actions show you haven't been able to advance past the idea that builders have no language barrier
3. If you want to or support these types of tactics to try to tear down other people's shit, go ahead, block me, unfollow me, I don't wanna see what products you build b/c you're clearly wasting more time shitting on other people's stuff than building your own.
In case you were wondering why the NYAG's letter is so condemning and the Tether perspective, let me introduce you to a concept called "scarecrow governance"
I've forgotten the real term because I was reading white papers in lecture halls with nobel lecturers during my time at uchicago, but the general premise is that governments are also profit-maximising entities, and as such, seek to perform actions with the lowest costs
This then means that if they can "scare" bad actors away from attempting heinous crimes in the first place, it is a worthwhile attempt to spend resources on, in terms of reducing the likelihood of crime
Here's the one thread you need to read on BSC to actually DYOR and stop listening to all these talking heads on Twitter:
1. last year, Binance launched a PoA-based EVM compatible chain, compatible with common tools like metamask, trustwallet, etc. It works with ur eth address
2. this point of interoperability is important, because a user doesn't need to deal with new wallets or infrastructure to use this chain, whereas past projects like Tron required you to download a new set of tools (TronLink wallet, use tronscan, etc.)
3. Disclaimer: This chain operates with 21 validators that have staked BNB. It is currently centralised, and can be conclusively described as permissioned (aka binance has selected who can operate these nodes and thus can have influence over this chain).
An @EthereumDenver Hackathon Thread:
I’ve finished reading through all the submissions to ETHDenver (forgive me if I missed some across Devfolio, Daostack pages).
2/n
The first theme that I saw was all kinds of use cases for Ethereum solving real-world problems.
There were people building everything from DMV solutions to ETH-enabled paywalls. Here are my top "use-case" ETH creations:
3/n
ETH-enabled paywalls ethanceit.netlify.com
just a couple of lines of code to drop in a little paywall enabled by crypto payment. This could enable microcontent anywhere on any website! Would love to see it support morecoins using the same logic!