Another Day in Crypto #19
Curating some crypto content from around the web.
Hope you’re doing well!!!
As always - this is most Definitely Not Financial advice.
Now, let’s look at some interesting stuff from today.
Starting off with in fact - someone who’s not exactly a supporter of crypto - to say the least - Peter Schiff.
Kind of ironic imo.
Moving on - Celsius laying off employees.
Original article - https://www.calcalistech.com/ctechnews/article/syvuxha99
Some extra thoughts from scott about how many Bitcoin Maxis are in fact CeFi supporters. The explanation imo - DeFi is perceived by Bitcoin Maxis as a threat.
They know it challenges their narrative. That’s why some of them “settle” for supporting centralized entities - it “helped” them create yield on their Bitcoin just like in TradFi.
And just like TradFi - it was everything but transparent.
Again, as I‘ve already mentioned a few times - if your crypto assets are with a centralized entity - they’re not really crypto assets yet.
Only once you move to them to your own self custody - where they are cryptographically controlled by you - will they be able to fulfil their potential and original goal of really being yours.
This is imo the most basic and important fact in all of crypto.
Not your keys - not your coins.
𝕯𝖆𝖓𝖌𝖊𝖗 @safetyth1rd@0xShual https://t.co/frJpdVOuw3
otteroooo was blunter:
On a different note, an interesting discussion about PoS is taking place -
Also, always nice to have a pearl from Vitalik every now and then -
Jimmy Song (송재준) @jimmysongProof-of-stake does not solve the Byzantine General's Problem. Therefore, it does not provide decentralized consensus. If you didn't understand this tweet, then you are completely unqualified to make any claims about proof-of-stake.
Different perspectives by CZ and FatMan on banks and Bitcoin reserves:
On a different topic, I found this one by CZ also interesting:
Let’s move on.
Referring to yesterday’s story:
A surprising new critic to POTUS:
President Biden @POTUSMy message to the companies running gas stations and setting prices at the pump is simple: this is a time of war and global peril. Bring down the price you are charging at the pump to reflect the cost you’re paying for the product. And do it now.
And some laughs:
Now for some education: Starting with of course, the biggest provider of educating threads - Haym Salomon.
Let’s continue with one from Barry Fried:
napgener 0xDONE shared his own thoughts on CVX :
Another project I’ve already mentioned a few times that I’m interested in is Umami.
Again anons, this is not financial advice, this is my writing online my perspective on a project. I think if this thing works, it will become an amazing way for people to generate yield on their $USDC (and I imagine other stablecoins and crypto assets as well as time goes on) which is both high and sustainable. Highly interesting.
Read this by Degen Sensei to know more:
Degen Sensei | DeFi Scavenger 🔎 @DegenSenseiNew substack post that discusses how @UmamiFinance can deliver 25% yield in their USDC vault. It dives into providing yield for customers and adopting risk management through @TracerDAO and how @dopex_io will tie it together through Atlantics. Enjoy! https://t.co/2wGyXF3nMy
Wrapping up with some general nice tweets:
Also liked this one by Algod:
Oh, and Gabriel Haines.eth is the craziest content creator around:
Thanks to crv.mktcap.eth for making me see this nice one:
I also recommend you read his article on the upcoming EU regulation being discussed - and earn about PACDAO.eth and European Crypto Initiative - who are working on improving such regulations. Btw, as you can see on the next tweet - all subscriptions for crv.mktcap.eth benefit the PAC DAO!
And to conclude: a new Discord server for the crv.mktcap.eth community is now on - and I think it’s going to be a great place for cooperation and education.
That’s it for today everyone, thanks for reading and have a great day!