Lord Kajafas
@lordkajafas.bsky.social
The only thing that will never change is that everything will always change
I think more than you think.
Biden admins war on crypto was a hot button issue for a segment of voters that own crypto. It drove a fair amount of former dems to vote gop this time.
See polls paradigm conducted on this, but also eg this article www.cbsnews.com/news/who-wer...
Biden admins war on crypto was a hot button issue for a segment of voters that own crypto. It drove a fair amount of former dems to vote gop this time.
See polls paradigm conducted on this, but also eg this article www.cbsnews.com/news/who-wer...
Who were the 2024 election's "crypto voters"?
A leading cryptocurrency executive told 60 Minutes crypto's success was not just because of the enormous amount of money the industry spent on ads. It was also because people they described as "crypto...
www.cbsnews.com
December 10, 2024 at 11:20 AM
I think more than you think.
Biden admins war on crypto was a hot button issue for a segment of voters that own crypto. It drove a fair amount of former dems to vote gop this time.
See polls paradigm conducted on this, but also eg this article www.cbsnews.com/news/who-wer...
Biden admins war on crypto was a hot button issue for a segment of voters that own crypto. It drove a fair amount of former dems to vote gop this time.
See polls paradigm conducted on this, but also eg this article www.cbsnews.com/news/who-wer...
That concerns me as well. I do think crypto has unique benefits that will alter the plumbing, so to speak, of our financial system, but that’s related to the smart contract application of crypto, not to adding btc to the strategic reserve or use it to pay of debt
December 10, 2024 at 7:34 AM
That concerns me as well. I do think crypto has unique benefits that will alter the plumbing, so to speak, of our financial system, but that’s related to the smart contract application of crypto, not to adding btc to the strategic reserve or use it to pay of debt
No, and I also didn’t mean to imply that.
But when a new technology comes around and old laws don’t cover this to the full extent, the usual path is to create new laws and regulations to provide clarity for all.
But when a new technology comes around and old laws don’t cover this to the full extent, the usual path is to create new laws and regulations to provide clarity for all.
December 10, 2024 at 7:15 AM
No, and I also didn’t mean to imply that.
But when a new technology comes around and old laws don’t cover this to the full extent, the usual path is to create new laws and regulations to provide clarity for all.
But when a new technology comes around and old laws don’t cover this to the full extent, the usual path is to create new laws and regulations to provide clarity for all.
On the micro level, eg, the UI/UX is not yet ready to go mainstream for many use cases. On macro level, eg, capital controls are an issues. As an investor, eg, how can you verify it’s no scam. Just 3 examples. Most people working on crypto know these issues and are working to solve them
December 10, 2024 at 7:06 AM
On the micro level, eg, the UI/UX is not yet ready to go mainstream for many use cases. On macro level, eg, capital controls are an issues. As an investor, eg, how can you verify it’s no scam. Just 3 examples. Most people working on crypto know these issues and are working to solve them
3. There are many, from the micro/personal level to the macro level. And risk from using it as a tech are different than when you see it as an investment.
December 10, 2024 at 7:06 AM
3. There are many, from the micro/personal level to the macro level. And risk from using it as a tech are different than when you see it as an investment.
2. I assume this refers to the plan Trump floated to pay of the debt with Bitcoin. Personally, I think this is garbage or fantasy. Just utter nonsense imo.
December 10, 2024 at 7:05 AM
2. I assume this refers to the plan Trump floated to pay of the debt with Bitcoin. Personally, I think this is garbage or fantasy. Just utter nonsense imo.
1. It’s not necessarily an unfulfilled role. Think how the combustion engine changed how we did things, like transportation and manufacturing. Crypto can also change the way we do things by replicating intermediaries. Eg, I don’t need a bank to send you, a stranger, money.
December 10, 2024 at 7:04 AM
1. It’s not necessarily an unfulfilled role. Think how the combustion engine changed how we did things, like transportation and manufacturing. Crypto can also change the way we do things by replicating intermediaries. Eg, I don’t need a bank to send you, a stranger, money.
I think the problem is that there’s no clarity now on what makes one a commodity and the other a security. Various judges disagreed on this.
Another problem is that current law ask things from crypto protocols that they can’t comply with. Like how can a smart contract create an annual report?
Another problem is that current law ask things from crypto protocols that they can’t comply with. Like how can a smart contract create an annual report?
December 9, 2024 at 3:37 PM
I think the problem is that there’s no clarity now on what makes one a commodity and the other a security. Various judges disagreed on this.
Another problem is that current law ask things from crypto protocols that they can’t comply with. Like how can a smart contract create an annual report?
Another problem is that current law ask things from crypto protocols that they can’t comply with. Like how can a smart contract create an annual report?
What basic questions?
More than happy to answer them if I can.
More than happy to answer them if I can.
December 9, 2024 at 3:31 PM
What basic questions?
More than happy to answer them if I can.
More than happy to answer them if I can.
I think key to understanding is to not see all crypto as equal. It is not. Some might well be securities, but others are not.
New regulation is required to cover all this, current laws are not clear
New regulation is required to cover all this, current laws are not clear
December 9, 2024 at 3:29 PM
I think key to understanding is to not see all crypto as equal. It is not. Some might well be securities, but others are not.
New regulation is required to cover all this, current laws are not clear
New regulation is required to cover all this, current laws are not clear
Well, maybe not all crypto is a security. That’s also part of the debate. And if they are, there’s currently no way of registering them now. It’s like fitting a square peg in a round hole. That’s why they asked for guidance on how to comply which Gensler refused.
December 9, 2024 at 3:23 PM
Well, maybe not all crypto is a security. That’s also part of the debate. And if they are, there’s currently no way of registering them now. It’s like fitting a square peg in a round hole. That’s why they asked for guidance on how to comply which Gensler refused.
Millions are using crypto as you probably are using a bank. Crypto is used to sell US-Bonds, send remittances, secure identities and elections and much more.
Are these not real users using a product/service?
Maybe you need to look a bit further than you have done so far
Are these not real users using a product/service?
Maybe you need to look a bit further than you have done so far
December 9, 2024 at 2:25 PM
Millions are using crypto as you probably are using a bank. Crypto is used to sell US-Bonds, send remittances, secure identities and elections and much more.
Are these not real users using a product/service?
Maybe you need to look a bit further than you have done so far
Are these not real users using a product/service?
Maybe you need to look a bit further than you have done so far
He didn’t want regulation. He changed his stance that new regulation was needed to that current regulations are sufficient. And when crypto companies asked for guidance on how to comply with current regulations he refused to give it, instead opting for lawsuits against these companies
December 9, 2024 at 2:08 PM
He didn’t want regulation. He changed his stance that new regulation was needed to that current regulations are sufficient. And when crypto companies asked for guidance on how to comply with current regulations he refused to give it, instead opting for lawsuits against these companies
Media like the NYT and WP have been wrong on crypto for ages, pushing editorials full of false and misleading claims.
They either don’t care to be factual or don’t have a clue. In both cases they’re in no position to meaningful push back on pro or anti-crypto talking points. Same for ai I guess
They either don’t care to be factual or don’t have a clue. In both cases they’re in no position to meaningful push back on pro or anti-crypto talking points. Same for ai I guess
December 9, 2024 at 1:05 PM
Media like the NYT and WP have been wrong on crypto for ages, pushing editorials full of false and misleading claims.
They either don’t care to be factual or don’t have a clue. In both cases they’re in no position to meaningful push back on pro or anti-crypto talking points. Same for ai I guess
They either don’t care to be factual or don’t have a clue. In both cases they’re in no position to meaningful push back on pro or anti-crypto talking points. Same for ai I guess
Crypto aren’t stocks, like stocks aren’t commodities. Comparing them 1:1 is comparing apples and pears.
That said, many companies have value because of non-tangible assets like network effects, user base, etc. Same goes for crypto.
And various crypto also provides yield, similar to dividends.
That said, many companies have value because of non-tangible assets like network effects, user base, etc. Same goes for crypto.
And various crypto also provides yield, similar to dividends.
December 9, 2024 at 12:29 PM
Crypto aren’t stocks, like stocks aren’t commodities. Comparing them 1:1 is comparing apples and pears.
That said, many companies have value because of non-tangible assets like network effects, user base, etc. Same goes for crypto.
And various crypto also provides yield, similar to dividends.
That said, many companies have value because of non-tangible assets like network effects, user base, etc. Same goes for crypto.
And various crypto also provides yield, similar to dividends.
Tbh, I can’t prove it’s most, but just look at what Jerome Powell recently said about it or in 2023.
How formerly critical banking CEO’s and journalists, eg in the FT, are begrudgingly coming around.
Being anti-crypto is really like being anti-internet in the 90’s. A losing position
How formerly critical banking CEO’s and journalists, eg in the FT, are begrudgingly coming around.
Being anti-crypto is really like being anti-internet in the 90’s. A losing position
December 9, 2024 at 11:26 AM
Tbh, I can’t prove it’s most, but just look at what Jerome Powell recently said about it or in 2023.
How formerly critical banking CEO’s and journalists, eg in the FT, are begrudgingly coming around.
Being anti-crypto is really like being anti-internet in the 90’s. A losing position
How formerly critical banking CEO’s and journalists, eg in the FT, are begrudgingly coming around.
Being anti-crypto is really like being anti-internet in the 90’s. A losing position
This is like saying the internet or before that the combustion engine is only thriving because the average Joe bought into it.
December 9, 2024 at 10:07 AM
This is like saying the internet or before that the combustion engine is only thriving because the average Joe bought into it.
How can crypto have no value if millions around the world use it to store (part) of their wealth in crypto dollars and euros? When it’s used for remittances and financial institutions are building en masse on it.
When it brings things like this? finance.yahoo.com/news/buenos-...
When it brings things like this? finance.yahoo.com/news/buenos-...
Buenos Aires Adds ZK Proofs to City App in Bid to Boost Residents' Privacy
The crypto-adjacent tech is meant to give the Argentine capital's 3.6 million residents greater control over their personal data.
finance.yahoo.com
December 9, 2024 at 10:03 AM
How can crypto have no value if millions around the world use it to store (part) of their wealth in crypto dollars and euros? When it’s used for remittances and financial institutions are building en masse on it.
When it brings things like this? finance.yahoo.com/news/buenos-...
When it brings things like this? finance.yahoo.com/news/buenos-...
Most economists that have compared crypto to the tulip bubble mania by now admit it’s different and crypto has more staying power.
Maybe try to do some research yourself to see why they changed their mind?
This way you
Maybe try to do some research yourself to see why they changed their mind?
This way you
December 9, 2024 at 9:56 AM
Most economists that have compared crypto to the tulip bubble mania by now admit it’s different and crypto has more staying power.
Maybe try to do some research yourself to see why they changed their mind?
This way you
Maybe try to do some research yourself to see why they changed their mind?
This way you
I don’t think the writer understands crypto very well.
One example: saying it pays no dividends. Technically that’s true, but various cryptocurrencies pay yield, which is very similar in that it gives you a return by passively holding it.
One example: saying it pays no dividends. Technically that’s true, but various cryptocurrencies pay yield, which is very similar in that it gives you a return by passively holding it.
December 9, 2024 at 9:43 AM
I don’t think the writer understands crypto very well.
One example: saying it pays no dividends. Technically that’s true, but various cryptocurrencies pay yield, which is very similar in that it gives you a return by passively holding it.
One example: saying it pays no dividends. Technically that’s true, but various cryptocurrencies pay yield, which is very similar in that it gives you a return by passively holding it.
Finally, the whole premise that it’s mainly used for illicit, criminal practices, as the OP stated, has been debunked many times by officials. Even the crypto hating Biden admin acknowledged this in reports and testimony before congress.
Anyone still saying this is just pandering
December 8, 2024 at 10:20 AM
Finally, the whole premise that it’s mainly used for illicit, criminal practices, as the OP stated, has been debunked many times by officials. Even the crypto hating Biden admin acknowledged this in reports and testimony before congress.
Anyone still saying this is just pandering
There are of course millions of people who found crypto indispensable to maintain their wealth in high inflation countries like Turkey or Argentina by holding dollar denominated stablecoins. And for many people who use it for remittances, bypassing expensive traditional financial institutions.
December 8, 2024 at 10:17 AM
There are of course millions of people who found crypto indispensable to maintain their wealth in high inflation countries like Turkey or Argentina by holding dollar denominated stablecoins. And for many people who use it for remittances, bypassing expensive traditional financial institutions.
About it being valuable: yes, it’s still a test that is being rolled out. But do you at least agree the concept is valuable or not even that?
And I wanted to show just one example outside the financial realm of crypto.
And I wanted to show just one example outside the financial realm of crypto.
December 8, 2024 at 10:17 AM
About it being valuable: yes, it’s still a test that is being rolled out. But do you at least agree the concept is valuable or not even that?
And I wanted to show just one example outside the financial realm of crypto.
And I wanted to show just one example outside the financial realm of crypto.
It’s not for convenience, it’s needed to provide a key element of the solution: immutability of the data.
Without it “a malicious issuer could backdate documents".
Saying it’s for convenience is like saying a notary timestamping a property deed is for convenience.
Without it “a malicious issuer could backdate documents".
Saying it’s for convenience is like saying a notary timestamping a property deed is for convenience.
December 8, 2024 at 10:04 AM
It’s not for convenience, it’s needed to provide a key element of the solution: immutability of the data.
Without it “a malicious issuer could backdate documents".
Saying it’s for convenience is like saying a notary timestamping a property deed is for convenience.
Without it “a malicious issuer could backdate documents".
Saying it’s for convenience is like saying a notary timestamping a property deed is for convenience.
Have you read the article?
This solution uses cryptocurrency for security. Zk-tech works without it, but it would make the digital-id less fraud proof?
And yes, it’s new. But do you think it’s valuable?
This solution uses cryptocurrency for security. Zk-tech works without it, but it would make the digital-id less fraud proof?
And yes, it’s new. But do you think it’s valuable?
December 7, 2024 at 11:08 PM
Have you read the article?
This solution uses cryptocurrency for security. Zk-tech works without it, but it would make the digital-id less fraud proof?
And yes, it’s new. But do you think it’s valuable?
This solution uses cryptocurrency for security. Zk-tech works without it, but it would make the digital-id less fraud proof?
And yes, it’s new. But do you think it’s valuable?