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Joined April 2022
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NEW: 🇺🇸 Federal Reserve Governor says crypto assets "are increasingly woven into the fabric of the payment and financial system."
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If you like builders on BTC you should join.
nitter.gq/i/spaces/1djGXWwrqvVKZ
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Greg Maxwell defends a principled commitment to freedom and open market-based resource allocation against the populist desire to censor the Current Hated Thing.
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Paxos(@Paxos) accidentally minted 300T $PYUSD 7 hours ago — they added six extra zeros by mistake! 😅
The error was quickly corrected as they burned the 300T $PYUSD and properly re-minted 300M $PYUSD instead.
etherscan.io/token/0x6c3ea90…
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Hyperliquid’s fully onchain liquidations cannot be compared with underreported CEX liquidations
Hyperliquid is a blockchain where every order, trade, and liquidation happens onchain. Anyone can permissionlessly verify the chain’s execution, including all liquidations and their fair execution for all users. Furthermore, anyone can verify the solvency of the entire system in real time. Transparency and neutrality are key reasons that fully onchain defi is the ideal infrastructure for global finance.
Some CEXs publicly document that they dramatically underreport user liquidations. For example on Binance, even if there are thousands of liquidation orders in the same second, only one is reported. Because liquidations happen in bursts, this could easily be 100x under-reporting under some conditions. Source below.
Hopefully the industry will see transparency and neutrality as important features of the new financial system, and others will follow.
Is it like the bitmap pre-blockout period
Bitcoin's entire history makes up half of Adam's time here as a cyperpunk and Bitcoiner.
The number of "early Bitcoiners" will grow as the number of absolute adopters grow.
However, there will only EVER a handful as legendary to Bitcoin as @adam3us.
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