Former Biden Chair of Council on Economic Advisors speaks on GENIUS. You’re all going to want to read this. 

https://econjared.substack.com/p/crytpo-theres-just-no-legit-use-case?publication_id=3782367&utm_campaign=email-post-title&r=ge4xb&utm_medium=email

Honestly pretty alpha move to cause a regional banking crisis just because you hate a certain industry and then go “damn these guys are lobbying so hard, this seems unfair”

History, tech stuff, SEO/marketing, shitposting, etc. etc.


https://paragraph.com/@afaik

The Farcaster formerly known as Kchamp. Books, beats, bodybuilding, bright ideas and beautiful things.

katherinechampagne.com

Also fwiw SVB had several valid offers and would have been fixed in normal course of business but Gruenberg at FDIC (aka Warren) rejected them

Stable coins are backed by very low risk high liquidity assets afaik, seems as high a bailout risk as something like being able to make withdrawals out of a money market account

I don’t think the flows will be people in the US going from their checking or savings to stable coins it will be people abroad moving money into US or possibly Euro stablecoins. I don’t really see the risk

Sorry for total reply girl on you. What can I say the posts are good

The bailout risk seems real to me? I don’t want to subsidize another tech bro mess like SVB? 

In some way, foolish arguments re: criminality are a distraction