considering that ribbon is part of the VC's investment portfolio, i think its safe to assume that the analyst went rouge and this was not a sanctioned activity
makes you wonder if privileged information was discovered by the analyst which led to the execution of this strategy
you can either optimize to legitimize (part of) your wealth and as such, voluntarily opt in to comply with regulations
or you can optimize for living under the radar, using the black/grey markets and engage in money laundering (even when your gains are completely legitimate)
as more parts of our lives get digitized (CBDCs) and scrutinized (AI tech), the latter will keep becoming more and more difficult for people to attempt
wat do wen cash dies in your economy?
gripto rich, irl poor
move to 3rd world country that hasnt caught up technologically?
the digital / metaverse economy *might* be an outlet to spend crypto wealth without coming back to the meatspace and regulations
or might also end up highly regulated as well
also, who knows how long itll take for the metaverse to overtake IRL
additionally, you can even go another step further and use the house to secure a HELOC with low rates and then bring back the USD to stables and earn the spread, accelerating the process and reducing the payback period
if it was me, i would do this extra step with cefi
lets say you get a shitty HELOC that can only draw down 50% and charges you 4%
you'd have:
500k home equity (with rental yield if not own use)
1M (principal) in alchemix @ 5%
250k (heloc loan) in cefi @ 8%
- 500k in alchemix @ 0%
- 250k (heloc loan) @ 4%
if true, what are the market implications?
who would be the winners?
wallets, bridges, aggregators, multi chain projects?
and the losers?
ancient SoV PoW chains? chain specific projects?
will they all win at the same time? or in phases?
the correct answer is 100% stables yielding single digits APY
in a multichain multi layer future with defi, nfts, stablecoins and competing SoVs in the form of various native tokens and security-like tokens, wtf is the value proposition of LTC or BCH
recently ive been intruigued about the possibility of re-tooling digital brains (eg. evernote et al) that are individual, to instead be communal / generational
generational makes more sense, 1 library, 1 maintainer
sounds silly, but i think learning how to work a digital brain and to access old archives and make new notes might be the new and much more useful version of "learning grandma's secret recipe"
which funny enough, that recipe could also be in the archives, accessible forever
a bit of, give a man a fish vs teach a man how to fish vibes going on