Just found you from your recent interview, and read several of your articles, which got my brain going. I know I'm dropping too many questions, and appreciate any reply, or maybe one would make a good article.
The NY banks are famously some of the prime movers of NYS politics - is the Powell/Davos tussle a big reason for the strict NY crypto regulations and BitLicense?
And is the Elizabeth Warren anti-crypto crusade a part of this struggle, or is it unrelated? It looks like most politicians - on the surface, anyhow - approach crypto ideologically; to wit, as with most things, the Dems with strict regulation, and portions of the GOP more free market. But that almost seems like some of them are working against their other interests, e.g., why would the Dems want to shut down their giant slush fund? I'm sure it can't be that simple. Or maybe it's different party factions, idk.
Very interesting and informative article. I have a few questions.
First, how exactly do stable coins affect the ODM? I understand how dollars are multiplied outside the US, via Fractional Reserve Banking, but how are stable coins the same as bank deposits? What is the layman's explanation?
Just found you from your recent interview, and read several of your articles, which got my brain going. I know I'm dropping too many questions, and appreciate any reply, or maybe one would make a good article.
The NY banks are famously some of the prime movers of NYS politics - is the Powell/Davos tussle a big reason for the strict NY crypto regulations and BitLicense?
And is the Elizabeth Warren anti-crypto crusade a part of this struggle, or is it unrelated? It looks like most politicians - on the surface, anyhow - approach crypto ideologically; to wit, as with most things, the Dems with strict regulation, and portions of the GOP more free market. But that almost seems like some of them are working against their other interests, e.g., why would the Dems want to shut down their giant slush fund? I'm sure it can't be that simple. Or maybe it's different party factions, idk.
Thanks for reading.
Very interesting and informative article. I have a few questions.
First, how exactly do stable coins affect the ODM? I understand how dollars are multiplied outside the US, via Fractional Reserve Banking, but how are stable coins the same as bank deposits? What is the layman's explanation?
Also, what do you think about SBF's vocality on twitter? It seems un-ponzi-scheme-like to post a 33-tweet thread explaining yourself. https://threadreaderapp.com/thread/1591989554881658880.html
Thanks for the article,
Boniface