Molly Whiteextremely fun to hear people talking about how people are using USDC to store value today of all days
"this chart was pulled yesterday and it's already a little outdated but... uh, the principle remains"
"stablecoins are always, uh, notionally, pegged to the dollar"
"stablecoins are always, uh, notionally, pegged to the dollar"
the "crypto is great because of its possibilities for financial surveillance and control" people arguably scare me the most
i've come to realize that "programmable money" is code for "i'm about to say the most dystopian shit you've ever heard"
Tim Taubert
Zoe@molly0xfff "No single account of the state of all the ledgers"
Should uh... should anyone tell them they just described a distributed system?
Woolfhound@molly0xfff i bet a lot of Wikipedia research went into that
M1ke@woolfhound @molly0xfff this is a key point I think. The barrier to speak at a crypto conference is so low compared to speaking at, say, a central banking conference. No work experience required - just be vocal online. And once you've spoken at conferences you're now an expert, even if your talk is cribbed from Wikipedia
Sean Riley@molly0xfff
Compliance with existing law is always a drag on profitability 🙄
Compliance with existing law is always a drag on profitability 🙄
Dan
Ari Ofsevit@molly0xfff banks should call check fees “gas”
Noah Cook@molly0xfff I may be biased, being a regulator, but whenever I hear someone use the excuse "compliance is too expensive" I tend to assume that they are...maybe not a criminal...
But regulatory law does not accept Hanlon's Razor as a legitimate excuse, so yeah, "negligently criminal-adjacent" is hardly a good look.
Ryan Cavanaugh@molly0xfff I'd love to see annual compliance costs vs just the cost of the mango hack on its own
miketcope@molly0xfff in the DeFi future you too can be an overwhelmed compliance officer!
Roman Luštrik@molly0xfff how do you manage to force yourself to sit through one of these presentations? thank you for your sevice
@romunov the shitposting is a coping mechanism