UST is worse than Bitconnect.
At least Bitconnect didn’t masquerade as a stablecoin.
When your ponzi targets people’s savings (not investment) portfolio, there is a special place in hell reserved for you.
Half of CT influencers, VCs, and trading firms are complicit.
strategy steward @ flashbots
advisor @ lido, steakhouse
Joined April 2012
- No matter how this ends, I don't want people to call UST decentralized again. Even the little collateral backing it has is intransparent and controlled by a single party. Used to perform discretionary open market operations. This is like 10x worse than the Fed.
- The last person on earth to understand Bitcoin will be an economist.
- after some reflection, here's my take on a eth pow fork 1. many, incl me, have predicted for years that miners would fork ethereum to extract the final juice out of their investment. it doesn't take nostradamus to see this.
- If you believe in crypto long-term, consider joining a project today, put your head down, and do some actual work. Trading and shitposting are not positive sum endeavors. As a side effects, you‘ll stop measuring your self worth in net worth, making the swings much more tolerable.
- Starting this week, I‘m leading Strategy @ Flashbots. This team has both the right vision and talent to shape the future of crypto and I‘m very excited to be a part of it.
- the merge has only convinced me further that the intellectual state of the btc community is truly in shambles. the high-quality people who remain (e.g. bitmex research) are mostly covering ethereum now. I still love Bitcoin very much and hope for a restorative movement.
- My two cents -- I'm a Blockfi equity holder, and wiping out equity holders is exactly what SHOULD happen if a bank/lender goes insolvent. Customer deposits must be protected at all costs.SCOOP: @APompliano and @MarkYusko’s Morgan Creek Digital are trying to put together an alternative rescue package for @BlockFi. Why? @FTX_Official’s $250M credit line stood to wipe out BlockFi shareholders, including Morgan Creek. @0x_bae reports trib.al/fIT2VtN
- I'm excited to release a mega-post that @anishagnihotri and I have been hacking away at for the last few weeks: Paradigm's Guide to Designing Effective NFT Launches! paradigm.xyz/2021/10/a-guid…
- Here's your reminder that for each account posting their $5k -> $50m story on Twitter, there are 100s-1000s of people who have lost $5k instead. Any gain above market beta is someone else's loss.
- Imo this Ledger leak is unforgivable. You simply can't sell hardware wallets and store the personal information of your customers on an online server. Cut off business with them, only way companies in this space are gonna learn to take our physical security seriously.
- hot take: if you work in the video games industry today, I see that about as bad as working in the cigarette industry in 1960/70s. destroying ppl's lives and families, it's just not yet commonly understood
- I can't believe we're about to invalidate two anti-#Bitcoin/crypto narratives at the same time B̵i̵t̵c̵o̵i̵n̵ ̵i̵s̵ ̵m̵i̵n̵e̵d̵ ̵w̵i̵t̵h̵ ̵c̵o̵a̵l̵ ̵B̵i̵t̵c̵o̵i̵n̵ ̵i̵s̵ ̵c̵o̵n̵t̵r̵o̵l̵l̵e̵d̵ ̵b̵y̵ ̵C̵h̵i̵n̵a̵





