Oh yeah. I agree wholeheartedly it’s an unethical company and on net hurts society.
I actually am rather sympathetic to Coinbase’s arguments that a lot of what they list aren’t securities. Though some certainly are. But they are all or almost all some combo of scam, pointless, or at least could be done better without it’s own token or blockchain.
How in the world did Prime Trust blow up like it did? They had recently raised over $100M and had a virtual monopoly on a valuable niche in the crypto (gag) world. There has to be a story here… #PrimeTrust #bitcoin
The biggest flaw I find myself developing as I age is an unwillingness to start something new because I don’t want to suck at something again. Comfort is a hell of a drug sometimes. Go do something tough!
Is anyone able to provide a clear explanation of what is going on with Prime Trust that is causing strike and swan to drop them? The swan drop has been clumsy and concerning since most of their functionality has disappeared temporarily.
Fed Chair Powell is the real power of our entire planet. Billions of lives depend on he and his team’s whim. They are unelected and unaccountable. And that’s all before we even consider if they’re a good actor or doing a good job. No one person or group should have that much power. Eventually someone in that role is inevitably either incompetent, a bad faith actor, or both.
May be a fair point. Let’s hypothetically say we all fully accept that as true. If adoption increases and number goes up, the everyone save only on the base chain argument breaks at some point. Maybe in a year, maybe in 50. But it’ll happen eventually.
It’s already broken for billions in the developing world who can’t afford the fees let alone stacking full utxos. As #[4] likes to say, there is not a utxo for everyone.
You inevitably need a self custodial savings option above the base chain. Maybe not urgent for the relatively wealthy developed world, but who can accurately predict that timing?
It also may sound crazy but many people do lose huge sums (relative to their net worth) via payment apps all the time:
https://www.yahoo.com/lifestyle/scammers-using-venmo-trick-customers-130000056.html
Sad truth of a broken financial system and world rife with scams. If the average American can’t come up with $500 for an emergency and most of the world is even worse off, I think #[2] ‘s point should be taken seriously. Losses that sound small to some can have devastating impact to others depending on their situation.
I think this is true in the short term for the relatively affluent, but not true for the developing world and at least bearish long term. Long term there is not space on the base chain for everyone and number go up. If those 2 things hold true, at least at some point people need self custodial layer 2+ options.
Hard pass
BTC price is dropping but Swan is still transitioning custodians so I can’t currently stack. npub18p63njhaxftx3m8luk2h0umj8p3cmfx09kv9hqhext7gr5ea585qsc0k8k
Let me in!!!
This is the right path, but tbh I’m just too lazy to self host some things. I need to give a few things a try. New 2023 goal acquired
I’ll consider LSPs as mostly non custodial
What non custodial lightning options do people like best? I love the Breez UX, but liquidity and routing fees are shockingly high. #lightning
Tesla’s ESG score is below that of big oil and big tobacco. What a scam. https://www.barrons.com/articles/tesla-chevron-stock-sp500-esg-score-index-bf95e0fe?st=61oy7jopmx2svr1
Am I a noob or is nothing listed on the umbrel announcements page still?
Sorry for sitting out zapathons lately. All spare zaps have been sent to the RFK campaign.