Crypto lawyer who survived 3 crypto-winters, and lived to tell the tale. Their resistance, and your support. #bitcoin

Malta
Joined July 2020
Will be one of the start-up mentors for the @MetaMindLabs Accelerator aimed at developers and entrepreneurs building on @OasisProtocol. Applications are closing this week, you can find out more here: bit.ly/3CNiSJ8
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2 years to the day, I successfully summited Mt. Kilimanjaro, the highest mountain in Africa. Can assure you no metaverse/web3 experience comes anywhere near close. Do take the time to enjoy the RW.
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I find that whitepapers are increasingly becoming incomprehensible, as authors go out of their way to rehash simple concepts into something seemingly complex so that they bamboozle their readers into thinking it's the next big thing. Tip: don't. Keep It Simple, Stupid.
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Happy New Year crypto frens, bulls, and bears. It's been a magnificent 2021 👌
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It is important to start differentiating between decentralised and algorithmic stablecoins, mostly due to potential legal repercussions. Decentralised stablecoins like $DAI are backed by other cryptoassets, while algorithmic stablecoins have no backing reserves.
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In the case of fully or partially collateralised stablecoins, we may see the regulatory hammer falling as will be the case in the EU, with the two saving graces of this category being (1) the fact that they are run in a more or less decentralised manner and -
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(2) that they are fully governed by code & automated algorithms. Any stablecoin with a centralised gatekeeper will quite likely have to face the music and become regulated somewhere, in the same way that we saw centralised exchanges going down the same route
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Algorithmic stablecoins, on the other hand, can very well prove to be a major headache for investors, since there are no reserves to point fingers at, and claiming regulation just because the value references another asset is debatable at best. Ofc, decentralisation remains key
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In this case, $UST will probably become the go-to stablecoin for those wishing to have the lowest level of regulatory hassle to deal with, especially as the $LUNA ecosystem grows and becomes both more decentralised and achieves a greater network effect
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Lastly, it will be interesting to see how the unpegged stable currency experiment made popular by $OHM will unfold. I do not see how they can secure a regular constant flow of revenue to sustain the high APYs/stable price multiples above intrinsic value. But -
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If they succeed, then not having a reserve AND not having an asset peg will be the greatest regulatory middle finger around. And that will be revolutionary.
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Man cave wouldn't be complete without the #Bitcoin whitepaper
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I learned this after I lost a manager in my previous job due to an illness which was quite likely psychosomatic and caused by work stress. Nothing is more valuable than good health... Absolutely nothing.
A brief thread on how I plan to engage with cryptolaw in 2022 Yesterday, I finally beat a nasty five-week-long cough I didn't stop working, which probably prolonged it a bit, but so did being worn-out from 2 years of health/fitness neglect (starting when gyms closed for covid)
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Thanks @josephdelong for sharing this - it's a 100x more valuable read than all the success stories in crypto, combined.
I wrote an article detailing my failures in leadership at Sushi 🍣 mirror.xyz/0x8f99B0b48b23908…
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Very well-thought analytical thread on the current state of affairs and what may be coming next.
Replying to @blknoiz06
95% of these trendy alt L1s will fail to maintain ecosystems & anything that will struggle with funding will disappear — eg Sushi maybe. And all the coins going full ponzinomics for growth purposes will die, like a bunch of the Avax ecosystem. Most NFT roadmaps will be abandoned.
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Structured products in an ELI5, fun format. Quite a fan of what the team at @BeverageFinance is building.
ICYMI liquidity mining for the ETH Variable Leverage Long Token has begun! Get up to 3x leverage on your ETH by buying the mETHMOON And stake the mETHMOON/ETH pair for $DRINK rewards Current APR of 656%
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Please don't. The only thing I learned through experience is that prices can go up, but prices can also go down.
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For example, today they went down. Would like to see 20 year olds make that analysis!
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Imagine the scenes.
MetaMask users are so lucky that crypto wasn’t prevalent during LimeWire days. Mfs would download: “Jordin_Sparks_ft_Chris_Brown_No_Air.mp3” and wake up with no money.