bitcoiner, glassnodooor, engineer, co-founder Try.com (RIP) investor in fintech, defense, energy, aerospace, left SF before it was cool

Joined February 2009
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Incentives exist (designed intentionally or unintentionally) to centralize
Replying to @hasufl
It's time to look in the mirror and realize that PoS is simply more centralizing than PoW at the pool layer because of the incentive to financialize stake, and how easy this is to do in a non-custodial way.
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OP鈥檚 mistake is comparing crypto to capitalism in a world with regulation and a judicial system. crypto represents what Tradfi would have become without any regulation or accountability, just pure unbounded greed continuously centralizing power and wealth indefinitely
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Replying to @0xtuba
And that鈥檚 counting all the overvalued fake ponzi marketcaps, imagine if they were all liquidated to USD how small DeFi would be
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Replying to @tier10k
L m a o
Replying to @0xtuba
They worked until the Fed started doing it
I tried to warn you guys I should have gone way harder on the short
Is there research you can point me to that details all this? If you follow the breadcrumbs of where the yield comes from, it boils down to 1) fees 2) inflationary. Both die out in the bear. Most believers are either confused, in denial, or in denial about being confused.
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Replying to @udiWertheimer
- home mortgage using btc as deposit
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Replying to @SBF_FTX @jack
We don鈥檛 really care what you say We care what you do Why don鈥檛 you support Lightning deposits and withdrawals on FTX ?
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Their claim that they sold btc for only thst amount of UST is so obviously a complete fabrication while market price was around 0.60c per UST
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Replying to @lawmaster
UST is a liability not an asset, you have to subtract UST
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Ethereum moving to PoS is such a hilarious self-own
Replying to @hasufl
It's time to look in the mirror and realize that PoS is simply more centralizing than PoW at the pool layer because of the incentive to financialize stake, and how easy this is to do in a non-custodial way.
Show this thread
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No you鈥檝e got it backwards Recap is the only way forward. Those proposing a hard fork and reset of the chain are suggesting an impossible path trying to erase transactions after November 2021. Hard to believe Terra suggested this, so many flaws don鈥檛 even know where to start
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Replying to @Remi_Tetot
you forgot to say mfer I am the source
Replying to @cobie
Come to Supercars and Classics this weekend supercarsandclassics.co.uk/
Replying to @glennhodl
Bear market rallies can be devastating to shorts. They might have to change their underwear too.