Always_Question

Whatever your political persuasions, this is big. Both parties should embrace this idea. It doesn't even matter whether you are an American or not. The strategic importance of the U.S. building a bitcoin reserve for this space cannot be understated. It will spur nations from around the world to begin doing the same. The first countries to do so will bolster their own national currencies in a fashion that will make the rest of the world envious. Why this hasn't been done already is beyond me. I remember talking about this as a possibility 10 years ago, only to be met with scorn, even on this sub. Hopefully the tide is turning. The idea has been set free. Let's throw our support behind it.

Whatever your political persuasions, this is big. Both parties should embrace this idea. It doesn't even matter whether you are an American or not. The strategic importance of the U.S. building a bitcoin reserve for this space cannot be understated. It will spur nations from around the world to begin doing the same. The first countries to do so will bolster their own national currencies in a fashion that will make the rest of the world envious. Why this hasn't been done already is beyond me. I remember talking about this as a possibility 10 years ago, only to be met with scorn, even on this sub. Hopefully the tide is turning. The idea has been set free. Let's throw our support behi

So, this is odd. For those who don’t know, this last summer Curve suffered a major hack due to a compiler bug. Curve has since recovered a large majority of the funds from the hackers. Initially, they promised that funds would be returned to the LP/users. After quite long delays with no updates, they finally tweeted today that “Not everyone is happy to refund the hack loss.” Wait what? So Curve recovers most of the hacked funds and now wants to hold a DAO vote (by voters many of whom were not impacted by the hack) on whether to return funds to users—funds that they have already recovered?

Not cool Curve. Not cool.

Reference tweet: twitter.com/CurveFinance/status/1735713571420438809

TLD

Many posts here seem to be heavy on opinion and light on stats. I just wanted to provide some insight into some interesting characteristics, including tokenomics, of some of the more popular blockchains, which often go unmentioned or underappreciated. I'm specifically going to focus on some of the popular proof-of-stake blockchains, and leave Bitcoin and other POW chains out of this analysis.

Inflation Rate
Ethereum: -0.23%
Polygon: 2.01%
Cardano: 2.58%
Avalanche: 6.37%
Solana: 7.31%
Polkadot: 7.47%

Real Staking Return Rate
Ethereum: 3.47%
Polygon: 2.38%
Cardano: 0.37%
Avalanche: 2.2%
Solana: -0.19%
Polkadot: *

Oh how the tables can turn.

Not too long ago:

"Sen. Menendez has been a leader in the fight to protect consumers, investors and the larger economy from cryptocurrency-related risks."

https://www.menendez.senate.gov/newsroom/press/menendez-calls-for-increase-in-crypto-oversight

And now:

"Those bribes included cash, gold, payments toward a home mortgage, compensation for a low-or-no-show job, a luxury vehicle, and other things of value"

[https://www.cnbc.com/2023/09/22/sen-bob-menendez-of-new-jersey-wife-charged-with-bribery.html](https://www.cnbc.com/2023/09/22/sen-bob-menendez-of-new-j

Mr. G. Gensler previously taught in his MIT blockchain class that 3/4 of the crypto market are NOT securities.

https://twitter.com/i/status/1650689125580668931

So, what changed--Gary or crypto?

Gary also acknowledged the SEC's position that Ethereum is sufficiently decentralized that it is not a security (even if it might have been in its early days).

https://youtu.be/VCP8f4MMHNg

The stark contradiction with what he is claiming today is blatant. Presumably, while teaching at MIT, he had the freedom to perceive and teach things as they actually are, and now that he is under the thumb of politics, he must

I've noticed some very misinformed comments (shock!) in the past few months here regarding rates of return on staked POS tokens. It is a hard fact of life that what you think you might be earning can be far from reality. You see, most POS chains pay you staking rewards with newly-printed tokens, which dilute the overall supply, which means that you are not earning the headline interest rate. Some POS chains are worse than others. Here is a little chart showing the real return on your investment versus the advertised/headline/nominal rate, listed from worst to best.

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The SEC loudly proclaims that it protects investors, but then makes sure that it gets paid before any investors. Makes sense.

https://www.coindesk.com/business/2022/11/29/blockfi-most-likely-to-pay-sec-first-crypto-lawyer-says/

So we're supposed to believe that the SEC has the best interests of retail investors at heart, even though they were angling to give a pass to FTX, while repeatedly attempting to pass new rules that would hurt DeFi (or at least push DeFi investors to move themselves and/or their money overseas). Gensler's got to be one of the biggest turn-coats in crypto history

https://ecatorders.com/wp-content/uploads/2022/11/SKLep-DataSheet-Nov1-2022.pdf

I anticipate some concern trolling from a few here, but hey, gotta give it to Rossi that he is starting to move this story to a conclusion one way or the other.