jekrb

...you do know that YC has backed several AI companies, right?

Libra/Diem was told by regulators to not move forward with the project. They were very early days, and trying to "do it right" in which the administration said "not at all".

Similar also happened with Visa... check when they were publishing in-depth reports from their crypto arm and then suddenly stopped.

> What is to stop centralized blockchains from incremently increasing fees to the level of CCs over time?

Then users will just go to a different chain that provides a better outcome.

theres no reason a bank couldn't take a stablecoin deposit and fractionally lend against it

thats effectively what already happens with their own internal ledgers anyways

the excuse is actually the other way around i think

banks are an excuse to have closed source ledgers that don't operate efficiently for internet capital markets

if they wanted to, they could open source their ledgers and let anyone make them faster, more interoperable, more programmable, etc.

stablecoins operate on infra that is more like linux for finance, anyone can contribute to blockchain rails and even run their own nodes

What if the work these folks do to increase market efficiency does produce real-world value, as slower verifiable economic information would increase periods of uncertainty and price slippages?

Or the HFT engineers producing research and products that speed up general compute, such as accelerating SHA and ED25519 signature verification, so that their trading shops get information faster?

I wonder if there are actually a lot of third-order, downstream effects that society gets by paying engineers to just make computers and telecommunications faster.

This should actually be quicker and easier to prove than something like gold ETFs (e.g. SPDR) or other commodity ETFs.

The custody provider (e.g. Coinbase is the custody provider for most of these ETFs) should be able to simply show wallet addresses for all the Bitcoin they hold.

Two reasons.

1. Low fees. I think five of the ETF filers even have 0% fees for first 6-12 months. Compare this to Coinbase, where the fees will seem astronomical in comparison (maybe this drives Coinbase fees down.)

2. There is a non-zero number of people in the family office investing world that don't want to deal with learning new tech and just want to call up their stock person on the phone to buy them something.

One I didn't see the other's mention is that in Line Goes Up, Dan calls secure-scuttlebutt (SSB), a p2p messaging protocol, a blockchain.

IIRC Dan was relying on a sentence from an outdated, archived documentation site made by an open source contributor many years ago. The core SSB devs then had to try to convince people that Dan was wrong about their project. Dan refused to admit he was wrong, despite a lack of blockchain in the open source code, and just pasted a screenshot of the old docs.

This just seems like a weird personal attack on someones ideas and accomplishments.