Re Coinbase lobby v Bank lobby, the banks position is financial stability orthodoxy. BOE/BCBS have also discussed concerns about the risk of retail capital flight to safety ( central bank money / t bills ) in times of distress, worsening the distress
Some AI labs folks spook me a bit by their humanitarian talk while simultaneously pitching economic growth through human replacement across the board It reminds me of crypto memecoin casino and 50x perps people shilling financial inclusion and tools to get ahead
50,000 people including me are going to India AI impact summit to be within 1000 feet of Dario, Sundar and Sam. That used to be Vitalik, Sandeep and Raj in 2021
Banks make billions by taking customer trillions at 0.5% and parking them in treasuries at 4.5%. Of course Coinbase wants to take customer billions (currently) at 3.5% and park them in treasuries at 4.5% Of course banks don’t want to lose that money to a non bank, and so it goes
Met a crypto bro in Dubai who levered up and bought 40 premium apartments at $120k BTC Now he’s selling every one of these at 30% discount Theres no market we crypto bros can’t rekt - gold, silver, property… whats next? Surely AI Hyperliquid
Met a crypto bro who levered up and bought 40 premium apartments at $120k BTC Now he’s selling every one of these at 30% discount Theres no market we crypto bros can’t rekt - gold, silver, property… whats next? Surely AI
Imo @openclaw creator would 100% have launched a lobster memecoin in 2024 because then the market cap would have hit $10b for the pain, reputational risk and irritation - right now every tek bro is holier than thou about crypto - as they should rationally be