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Marty Bent
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Founder of @TFTC, co-host of Rabbit Hole Recap, Managing Partner at Ten31

Reuters reported earlier this morning that Visa and Mastercard are pausing their respective "crypto pushes" due to fears about the regulatory uncertainty that looms over the industry after the year of epic grift collapses in 2022. Their source for Visa was someone who preferred to remain anonymous, but it seems that they were able to get a Mastercard spokesperson on record to comment on the rumors, which they seemed to confirm. Not only did the Mastercard spokesperson confirm that they have decided to hit the brakes on any foray into "crypto", they rolled out a trope from 2015 that any corporation should be embarrassed to utter in 2023, "We're bullish on the underlying blockchain technology."

https://tftc.io/martys-bent/issue-1325-mastercard-is-falling-prey-to-the-innovators-dilemma/

If and when Fedipools materialize it would be awesome if they could enable a way to set randomized payout amounts and intervals that convert ecash tokens to unchain UTXOs that get sent to addresses associated with an xpub dumped in a Nostr DM bot. A miner simply sets their payout threshold range and a random payout interval, dumps the Nostr pubkey of the personal bot used solely for getting these payouts in the Fedipool UI, and enjoys the blissful experience of non-interactive private payouts.

Bitcoin is both fight and flight.

About to record with Amjad Masad. Really pumped for this interview. What he’s built at Replit is truly inspiring. Rip will be posted tomorrow morning.

Remember when people said I was crazy when I said we were going to destroy ESG?

https://www.zerohedge.com/markets/vanguard-ceo-abandons-esg-investing-alliance-not-game-politics

These companies are going to get absolutely steam rolled.

This should leave the door open for bitcoin companies building on lightning to separate themselves.

The innovator's dilemma at play.

Understanding that is an inch deep and a mile wide (exploring all of "crypto" to pick the right "winner") will force you to the sidelines eventually as the noise gets too loud.

Focus and conviction will make bitcoin-only companies massive disruptors to incumbent fintech.

https://www.reuters.com/technology/visa-mastercard-pause-crypto-push-wake-industry-meltdown-sources-2023-02-28/

The un-elected supranational organization known as FATF has "grey listed" South Africa and Nigeria for not surveilling their citizens enough.

FATF exists to consolidate power, create barriers to entry and stop the spread of financial freedom globally.

https://tftc.io/martys-bent/issue-1324/

There has been a lot of pearl clutching in "crypto" over the perceived clamp down on the industry by way of cutting companies off from their banking partners. However, it doesn't seem like the attack has been as bad as many claimed it to be just weeks ago.

https://tftc.io/martys-bent/issue-1323/

Maybe the powers that be realize they’re losing control of the fiat system and are quietly hoping that bitcoin succeeds. The alternative is them eventually being confronted by the largest angry mob the world has ever seen.

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