$ETH bears about to learn the hard way. https://t.co/DZeqN5oilO
$ETH bears about to learn the hard way. https://t.co/DZeqN5oilO
Saw vitalik in person a few times and what struck me
1 dude is absolutely brilliant. In one interview I heard three billion dollar ideas
2 dude has no sense of money at all. Has never had to worry about it in his adult life so doesn’t quite get the value of it outside of a mathematical sense.
2 keeps him as one of the purest people in crypto. As to him moral values are more powerful than money. He’s a great founder
2 is also why he doesn’t totally understand human behavior around incentives
Just to be clear I think he absolutely does understand economics and crypto economic security, more than most.
This is more a comment on the primal feeling of needing to make money that most people have that which drives much of our behavior and which I don’t think he has
Central banks are moving to Ethereum. 🚨
UBS. Société Générale. Banque de France.
Not experimenting. Not piloting.
Bringing real repo markets on-chain.
The global repo market is worth $12.5 trillion.
1% on-chain means $125,000,000,000 flowing into Ethereum.
> BlackRock tokenized bonds.
> Franklin Templeton tokenized ETFs.
> Central banks tokenizing repo markets.
Retail is still debating which L2 will win.
Institutions already chose the base layer.
They're not coming to Ethereum.
They're already here.
Ethereum (ETH) is a decentralized platform that runs smart contracts, defined as applications that run exactly as programmed without any possibility of downtime, censorship, fraud, or third-party interference. These apps run on a custom built blockchain, an enormously powerful shared global infrastructure that can move value around and represent the ownership of property. This enables developers to create markets, store registries of debts or promises, move funds in accordance with instructions given long in the past (like a will or a futures contract) and many other things that have not been invented yet, all without a middleman or counterparty risk. The project was bootstrapped via an ether presale in August 2014 by fans all around the world. It is developed by the Ethereum Foundation, a Swiss non-profit, with contributions from great minds across the globe.