Real World Assets, Blockchains and Stablecoins 🧵 1/ What's the main value prop of a blockchain?

Possible answers:
- faster settlement times
- verifiable programmability
- global interoperability
- permissionless participation
- censorship resistance

jason's an idiot but maybe we should be more concerned with the banks who gambled away all the depositor money, than we are about some tweets

just a thought, not very appealing to people whose entire solvency model depends on opacity and hidden lawmaker bribes tho "they're yelling fire in a crowded theater!"

well the theater appears to be on fire right now so maybe direct your anger at the arsonist over there

worst worst worst case SVB prob sees 95% recovery imo

so fair value is ~$0.995, not 92 cents lmfao

https://twitter.com/circle/status/1634391505988206592

that said if you go levered long USDC you deserve to lose all your money

Hundreds of millions of dollars are now flowing out of FTX wallets, some speculate liquidators but it's late on a friday night, not typical times for such rapid heavy movements. Some withdrawals are being swapped from Tether to DAI. Hack or insider actions? $26 million here Recipient wallet here: etherscan.io/address/0x59ab…

They seem to be moving everything

somebody on BNB just got hacked for ~2 million BNB ($600 million USD)

the attacker is spewing funds across liquidity pools and utilizing every bridge they can to get to safer chains

complete chaos on the chain is this diversification

1/ Explaining the zkEVM

- what it is
- how zk-rollups compare with other rollup types
- the competitive landscape for zk-rollup creators

And who really was first 😉 2/ A Layer-2 rollup is a way to batch user transactions together for cheaper gas costs while preserving most of the security guarantees of Ethereum mainnet.

Two main types: optimistic rollups & zk rollups