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WARNING Ethereum #FUD AHEAD
gm ♥️ #web3
@FoldableHuman accuses us of “toxic positivity” in his popular video… With this thread I prove him wrong: some of us do critically appraise FUD.
This thread will only highlight the topics of #Ethereum, #stablecoins and #DeFi
WARNING Ethereum #FUD AHEAD
gm ♥️ #web3
@FoldableHuman accuses us of “toxic positivity” in his popular video… With this thread I prove him wrong: some of us do critically appraise FUD.
This thread will only highlight the topics of #Ethereum, #stablecoins and #DeFi
(2 / 6) I know what you’re thinking, “look at his smug face”, but within 2h of overtly biased hate-filled rambling, he made some good points, but his conclusions are wrong - they do not prove we will fail, they just suggest how we might improve.
(3 / 6) Ethereum's premine - levels of centralized ownership, "376 whales control 33% of the circulating supply in 2019". blog.chainalysis.com/reports/the-ec…
(4 / 6) Ethereum Foundation - not really a DAO, centralized power with the ability to make fundamental decisions through an opaque process (e.g. The DAO episode).
(5 / 6) Stablecoins: USDT and Bitfinex allegations confirmed cftc.gov/PressRoom/Pres…
(6 / 6) DeFi regulations: the SEC understands and appreciates innovation and efficiency, but they are concerned with structural risks. Memo suggested by @saylor on the @cobie podcast sec.gov/news/statement…
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