Hasu

great read. here's a fun question: do you think Ethereum is an L2 to USDC, with a single authority bridge? I've only ever seen it discussed the other way around, but this way makes more sense to me

Systems that depend on low latency to work punish higher latency actors, leading to geographical centralization. This post from @phildaian is an essential read for anyone building & investing in blockchain systems.

good read!

Good read

“What is the difference between Gemini and Wonderland,” I asked, and I proposed that the main answer is that “Gemini answers the phone when the SEC calls” (...) In crypto, only the honest businesses need fear the SEC. The incentives are bad." great read

Must read if you want to understand the real power dynamics and reasons behind the most controversial @MakerDAO vote ever. Hint: at the center of it all is not an attempted VC takeover (lol) but rather an innocuous company called Monetalis...

Anyone can make a @MEVprotection solver that routes against their own inventory. Nice guide by @fleupold_

For context, Cole South is someone I respect a lot from poker days and whose been one of the biggest pro-Bitcoin advocates in that community since 2013. You should read why he owns no BTC anymore (as do I, for very similar reasons)

Good read!

Many have asked me after my recent thread how @MakerDAO is thinking about its fundraising plans - here you go, excellent thread + article by @LucaProsperi

Important read

The interesting question is if they'll also take any steps to decentralize their own infrastructure. Without anything *sovereign* to govern, a DAO would just be a charade. For more, see this great article by @lex_node on real vs fake DAOs