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28 Apr, 6 tweets, 2 min read
Let me help you. L1 and L2 based chains are deterministic, programmable platforms that can be used to create applications that can increase productivity. Their "coins" provide the ability for coin owners to benefit from the value created. Not all will succeed but many will.
NFTs for digital collectibles are an example of an application, as are smart contracts for weather insurance are an example, DeFi to allow anyone to be a lender or a borrower in minutes,
, buying off-chain products with on chain assets, the applications will only grow
If you look at crypto assets whether eth, doge, btc,mkr etc and only see something intangible for people to trade, you haven't really looked. If you see smart contracts and programming languages and think of new ways to disrupt industries then I'm saying there's a chance
Look at all the financial interactions you have in your life for banking, insurance, buying and selling where you have to trust faceless, nameless people working for a company whose decisions can change your life. Would you prefer to continue to trust them ?
Or would you prefer to work with a deterministic, distributed system that is not built on trusting those companies but rather built on a transparent set of rules that are out in the open for anyone to see ? These are the reasons crypto has taken off.
Yes there is massive speculation. Just as there has been at the inflection point of every new technology. And every single one of the technologies has been dismissed by legacy institutions. Until they weren't

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Mark Cuban Profile picture
18 Feb
The problem: Brokers trade at the speed of light, but settle trades over 2+ days. This can happen again. Co-ordinated traders can hunt better capitalized platforms and make $gme style buys. Solution? Blockchain. @InjectiveLabs @mirror_protocol others

While blockchain is the best long term solution, in the interim the solution 1 is to require stocks to be held for at least 1 minute.We need to decide what the purpose of the markets are: is it to raise capital and allow ownership or for machines to extract $$$ from investors
We also need to have stress tests and liquidity transparency for all brokers. The customers of RH etc should have known their broker's liquidity limits were being reached and the consequences of that issue (ending buys).
Read 4 tweets
Mark Cuban Profile picture
30 Jan
Fidelity has 31m brokerage Accts and charges $0 for stock trades. If they sent out a text from an analyst with a big price target on a stock , is that manipulation ? If you want to help the workers, incentivize companies to offer shares to ALL WORKERS
Just think how happy the people who do the work would be if they had shares to sell into these short squeezes! Yes the SEC needs to investigate to see if this is a coordinated pump and dump. But the SEC is going to be useless on this and every comparable type situation
As much as you have had your heart in the right place to improve consumer protections you and your peers have allowed the SEC to continue to be a joke. This isn’t the first time something like this has happened. It’s gone on for years. The SEC could write bright line regulations
Read 6 tweets
Mark Cuban Profile picture
29 Jan
Lets talk $GME shorts vs De-Fi. When someone shorts a stock that is already heavily shorted, they have to pay a fee to borrow that stock. In the case of $GME that fee has been hovering around 30% this week. Shorts have to pay (Price x .30)/360 per day. In DeFi thats a 30% APY.
For RH Traders that own $GME that money, as best I can tell, is held in street name. Which means that 30% APR goes 100pct to @RobinhoodApp 😬😬😬. Imagine if you pooled your crypto and the platform was getting 30% APY and didnt pay all but fees to you ? What would happen ?
This is one more way that Wall St takes advantage of the little guy. If you are moving from RH, look to see if you can find some place that allows you to hold the shares and lend them in YOUR name, so you get the Yield (Yield Farming in stocks !). Not all will allow it.
Read 8 tweets
Mark Cuban Profile picture
31 Dec 20
What we learned in 2020? This country can't efficiently deliver Food, Cash or Care to those who need it.
We need required Direct Deposit accts for cash Deposits. Mailing checks for stimulus payments based on IRS info is crazy. These accounts should be supported by all digital payment systems without fees.
This account can also be used to support existing Gov Debit cards and provide funding for care and food
Read 4 tweets
Mark Cuban Profile picture
14 Nov 20
This is a generalization, but it seems like Reps feel like no one will give to their candidates so a food bank is a good choice. Dems get angry and think they need every $ they can get to win. No one seems to just trust the voters to decide for themselves
And then there are us independents who think that both parties care more about power than listening to voters.
And then there are the progressives who think no matter what I say it’s wrong, simply because I’m rich. Even when I say we shouldn’t listen to the rich or powerful politicians , we should ask voters what they want , I’m wrong. But they know they are right all the time
Read 6 tweets
Mark Cuban Profile picture
17 May 20
It's time to face the fact that PPP didn't work. Great plan, difficult execution. No one's fault. The only thing that will save businesses is consumer demand. No amount of loans to businesses will save them or jobs if their customers aren't buying.
It's time for trickle up economics. We need a transitional fed jobs program that trains and hires millions for a federal tracking/tracing/testing program as well as for support for at risk populations including long term care. We need to dent unemployment with stable jobs
In addition, because this will take time, we need to consider an interim spending stimulus program. All 128m households could get a $1k check every 2 weeks for the next 2 months that MUST BE SPENT WITHIN 10 DAYS OF RECEIPT OR IT EXPIRES. This "use it or lose it" prog will
Read 5 tweets

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