RYAN SΞAN ADAMS - rsa.eth 🦄
@RyanSAdams
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The little newsletter we started 2 years ago just hit 100,000 subscribers. I'm here to tell you: doing a thing you truly believe in with consistency produces results. Thank you subscribers. Humbled to be on the @BanklessHQ journey with you. See you at 1 million. 🏴
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They arrested the developer of tornado cash. 🚨 . I repeat: a man was arrested for writing code that served as a public good for people to maintain their privacy online. They put a man in jail because bad people used his open source code. This cannot stand in any free society.
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11 days ago. Eleven days ago we hosted a debate on crypto values w/ a billionaire who was secretly gambling away billions of dollars of depositor funds. He was lecturing us on crypto regulation. While committing the biggest fraud in crypto history. How is this real life?
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When crypto goes on its next bull run…when ETH hits $10k and BTC crosses $150k…. They’ll say you got lucky. No. The summer of 2022. That is when you earned it.
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The internet is just for gambling and porn. (1995). People will never trust a website with their credit card. (1997). Bitcoin is just a tool for criminals and tax evaders. (2015). Ethereum is only good for scam coins and ponzi schemes. (2018). All wrong in the same way.
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I'll add my debanking story. I was debanked by Bank of America in 2019 for sending transactions to coinbase and operating a Cosmos staking as a service company - just a dear john letter, no explanation. Shortly after my 2 person staking company was sent a letter of veiled.
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Someone has to say it. ETH price at $2.2k is hilarious. Everyone out here trading "what ifs" this cycle when Ethereum has fundamentals. Let my tell you why $2.2k ETH is stooopid. Ethereum now makes $2.7 billion in annualized profits - the only profitable chain - a P/E ratio.
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The SEC is now suing Kraken, Coinbase, Uniswap, Metamask and now Robinhood for the crime of helping regular Americans access crypto. This level of regulatory overreach has destroyed the legitimacy of the SEC and may lose the democrats the election. Voters don't want this.
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FTX failed because it was regulated by governments not by code. DeFi didn’t fail because it was already regulated by code. Code is regulation.
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It's not BTC vs ETH. It's crypto vs. the banks.
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People who are staying in crypto. Why are you staying?.
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This isn’t 2018. In 2018 we didn’t have product market fit. DeFi was nothing. NFTs a blip. Ethereum had no path to scalability or staking. In 2022 we have all this. We’ve just been punched down by macro and self-inflicted leverage wounds. I was fearful then. I’m not now.
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We either quit crypto. Or double down on this decentralization thing. There's no other way forward.
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If Vitalik rugs us next I think I’d be done here.
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It’s not a bear market until you’re utterly embarrassed to be associated with this industry.
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The tower of Babel is a story about mankind getting too full of themselves and trying to build a tower to reach up to heaven and become gods. So God foiled them by confusing their language and scattering them over all the earth. Where's this written?. Genesis Chapter 11.
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- Grocery bills doubled.- Gas costs 3x.- Rent up 30%.- 401k down 20%. And…. - wages up 3%. How are ppl affording to live?.
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We are now burning more ETH than we are issuing. ETH IS OFFICIALLY ULTRA SOUND MONEY.
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Bitcoin is for people who haven't discovered Ethereum.
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You're kidding right. He actually may kill U.S. DeFi on the way out. SBF is the Anti-Satoshi.
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Being reported that the FBI raided Polymarket founders home this morning & seized his phone and electronics. They gave him no reason. Polymarket predicted Trump would win. This looks like political retribution and is actually bone chilling. WTF is this administration doing.
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Ethereum is going to be bigger than any of us can imagine.
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Coinbase is launching a Layer 2. Coinbase has 110 million users. They're going to onboard them all to Ethereum. This is a massive day for Ethereum. This is how the world goes bankless.
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This is a sad day for the Netherlands. It's a sad day for the founding principles of open societies and western liberal democracies. Today crypto privacy developer Alexey Pertsev was sentenced to 5 years in prison by Netherlands court for developing an open source tool that.
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60 to 38. Gensler installed a roadblock to US banks holding crypto and the Senate just voted to repeal it. Even Chuck Schumer voted pro-crypto. Elizabeth Warren's anti-crypto army got publically crushed today. If i was the SEC Chair I'd be circulating my resume.
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Today the US sanctioned Ethereum addresses associated w/ a privacy service called Tornado cash. Circle immediately froze the USDC in those accounts. GitHub suspended contributors to Tornado. If you were waiting for the opening shot of big brother’s assault on crypto this was it.
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Ethereum is about to become the world’s only deflationary monetary asset at a time of historic monetary inflation. What a contrast. ETH 🚀.
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Visa is now an Ethereum sidechain. Think about that for a min.
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No single individual has ever done more damage to crypto than @SBF_FTX. It'll take years to recover.
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Notice DeFi loans are the only ones insolvent CeFi companies are paying back right now. The code is forcing them to pay back their loans. Not laws. Not attornies. Not courts. Code. It's almost like DeFi works better.
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The arrested developer is @alex_pertsev. A 29-year-old dev who wrote code to help ppl keep their crypto transactions private. "My husband didn't do anything illegal". His wife is in shock. They're jailing coders now. There's a line. They crossed it.
They arrested the developer of tornado cash. 🚨 . I repeat: a man was arrested for writing code that served as a public good for people to maintain their privacy online. They put a man in jail because bad people used his open source code. This cannot stand in any free society.
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The developers of Samourai were arrested this morning. One extradited from Portugal. Samourai is a bitcoin wallet that makes bitcoin private. These developers face up to 25 yrs in prison for writing code. The US is sending a message. No transaction will be private.
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It was Tornado today. Do you think they’ll stop there?. Tomorrow it’ll be Uniswap. Then Ethereum. If software isn’t safe then speech isn’t. Where will you run?. Forget the money, this was always a revolution. The money is just how we fund it.
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ETH back to March 2021 prices. It’s over.
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Visa integrating USDC!. HUGE. It means 60m merchants get the ability to accept and pay cryptodollars settled on Ethereum. It means Visa is starting to swap-out traditional bank ledgers for the global Ethereum ledger. Visa is using Ethereum to bypass banks. SEND IT. 🚀🚀🚀.
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Ok, who here plans to never sell their ETH?.
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Visa just announced they're using Ethereum as a settlement layer. Ethereum. ETHEREUM. Visa will be paying ETH holders to use the network. Lol this is so bullish for ETH and this market is still too dumb to understand it. ETH under $2000 is hilarious.
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Robinhood just banned Gamestop and AMC!. The wrong people are winning so they delisted the assets. Here's what they don't know. They just recruited another 1m people into DeFi. UNISWAP NOT ROBINHOOD. PROTOCOLS NOT BANKS. This is why we go bankless.
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Forget binance for a min. How does the SEC just get to decide that SOL, ADA, MATIC, FIL, ATOM, SAND, MANA, ALGO, AXS, and COTI are securities?. Like wtf. Gensler isn't god-king. He doesn't get to decide.
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Don’t forget. The guy who just scammed us for $8 billion almost got to make DeFi illegal in the US before he left. Unbelievable.
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Crypto will happen with or without America.
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Ah yes Kraken, Coinbase, Uniswap, and the Metamask wallet. The true villains of crypto. Well done SEC. Thank you for protecting us.
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SEC investigating Uniswap. One of the most innovative and empowering tech projects to come out of an American team in the last decade. The U.S. should be given Hayden a medal. Instead he's getting an investigation. We live in a financial prison.
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Apple is blocking Uniswap from launching a self-custodial wallet. No reason given. Tired of our tech overloads gatekeeping the internet.
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Alexey Pertsev is still sitting in jail without charges for writing open source privacy code meanwhile.
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ok, it's time for us to take action against the SEC. file the lawsuits. call the senators. send the money. let's coordinate. what's the best way for US citizens to push back?.
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No. Literally the opposite. You’re thinking of banks again.
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DeFi is “one of the shadiest parts of the crypto world”. @SenWarren said this today. Not banks. Not Wall Street. Not our 7% inflation. It’s DeFi that’s the problem. This is sad. Where have we gone wrong?.
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@SenWarren DeFi is the future of consumer protection. It’s open finance. No banks required. Hurting DeFi hurts Americans. Why don’t you come on a @BanklessHQ podcast and engage with the crypto community instead of calling us shady all the time?. Invitation is open.
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@SBF_FTX Sam. With respect. This absolutely sucks. You're saying DeFi should be OFACed. You're saying onchain freeze's should be normal. You're saying DeFi front-ends to register as a broker-dealer. No, this is not reasonable. This would eliminate the U.S. from the crypto race.
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Wake up Democrats. @SenWarren's anti-crypto army could literally cost you the 2024 presidential election. 11m registered US voters own more than $1k in crypto. Crypto voters choose Biden over Trump 43% to 39% last time. This time they support Trump over Biden 48% to 39%. You.
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I still believe ETH will moon this cycle. $10k is bearish.
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Some of you will miss the greatest wealth creation event of our generation because instead of taking an evening to figure out Metamask you watched Netflix instead.
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There’s always a coin somewhere that’s pumping harder than the one you own. There’s always someone who bought earlier or made more. Don’t get greedy. Stay focused, stay disciplined, play the long game. Be happy. If you’re here you’ve already won.
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Bitcoin maximalists pleading with regulators to classify ETH as a security has gotta be the least cypherpunk thing I’ve ever seen.
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Last cycle BTC topped at $329B. ETH just exceeded this today. $340B. ETH is now bigger than BTC ever got last cycle.
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If they can arrest Alexey, they can arrest Hayden. If they can arrest Hayden, they can arrest Vitalik. If they can arrest Vitalik. no one is safe. We can't let them arrest our open source devs.
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This is the Ethereum contract address for PayPal's stablecoin. I can't believe i get to tweet that. We've come so far.
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ETHEREUM ETF APPROVED. I CAN’T BELIEVE WE'VE DONE THIS.
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When ETH flips BTC will you stop calling it an alt?.
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I say this with absolute certainty:. We will see $5k ETH before $10k ETH.
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XRP just did us a huge favor. I think XRP is a overvalued project riding on vapor and a fanatic community of shillers but. and I never thought i'd be saying this. Thank you XRP. You stopped Gensler's onslaught against crypto. If XRP ain't a security. (almost) nothing is.
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The IRS wants you to tell them every time one of these are mating
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Coinbase launching a way to earn stablecoin interest using Compound. Up to 5% interest rates. Available in 70 countries. Guess where it's not available?. The UNITED STATES. The Land of the Free. The land of .025% savings accounts and 6.8% inflation. FREE OUR BANKING SYSTEM.
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say what you will about CZ, he onboarded millions of people to crypto and he never stole our money. i trust him more than i trust the US regulators so idk what that says. 4.
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PayPal doing a stablecoin as a token on Ethereum. PayPal has 430 million active accounts. Sleep on this if you want. Ethereum is becoming the money layer of the internet.
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American citizens aren't asking for an SEC crackdown on peer-to-peer crypto exchanges. That request is coming from the banks.
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Ethereum’s layer 2 is going to hit crypto like a tidal wave 🌊 . It’s gonna be a fun summer.
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Restore my faith. Who are the good people in crypto?.
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Bitcoin is no longer the flagship asset of crypto. Ethereum is. Maybe you think I'm calling this too early. "Wait for the flippening" . Nah. The writing's on the wall. Soon this will be the consensus view.
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Turns out JP Morgan the largest US bank has been buying Bitcoin ETFs even while CEO Jamie Dimon's been publicly hating on it. In December Dimon said in front of congress he would shut Bitcoin down if he were the government. They fud crypto in public and buy in private.
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It looks like Kevin Rose just had millions of dollars in assets stolen because he clicked the wrong transaction. Imagine if swiping your credit card at the coffee shop put you at risk for getting your entire bank account drained. Bad, bad UX. Crypto has to fix this.
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Biden Administration says it will veto legislation to allow banks to actually custody crypto - it would “disrupt the SEC’s work to protect investors”. This will cost them votes. If they’re doing this before Nov I’m scared for what comes after Nov. Seems they no longer care.
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Forget about FTX. ETH is the biggest scam in crypto. uLtRA sOuNd mONey.
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Vitalik Buterin deserves a Nobel prize in economics for his work on crypto and Ethereum. The fact that he’s barely considered shows how much ivory tower economists are disconnected from applied theory. Future generations will judge their absence in harshly. Crypto is the.
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The 6th largest bank in the world is now blocking customers from buying crypto. HSBC won't even let you buy stock in companies that hold crypto. The bankers think they own us. they're in for a surprise. We don't need the banks. They need us. We're going bankless.
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We need a bill of digital rights. Right to privacy. Right to cryptography. Right to own your private keys. Right to run your own software. Recognition that code is speech. For all citizens.
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today the alex jones of crypto went on a coke fueled tirade about my glasses. how's your day going?.
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The Coinbase thing is a big deal. Ten reasons why:.
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Biden just Vetoed the only pro-crypto bill to ever come across his desk. This was a layup. SAB 121 is an anti-crypto rule put in place by Gensler’s SEC to stop banks from holding crypto. Crypto hates it. The banks hate it. All he had to do was not veto the repeal. This will
If Biden let's SAB 121 repeal pass without a veto then maybe I'll take his crypto pivot more seriously. Until then it's just words. We'll know by Monday.
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Reddit is converting Karma points into ERC20 tokens. That's 500m users onboarding to Ethereum. $5k ETH is just the start.
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Budweiser just bought beer.eth. We’re going higher. 🚀.
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I have no idea if Binance is 100% clean here. Time will tell. But I do know that the SEC declaring that SOL, ADA, MATIC, ATOM, and AXS are securities is a direct attack on crypto. I trust Binance more than i trust the SEC. I trust CZ more than Gensler. What a sad state.
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People say crypto is dead but the collapse of FTX proves the value of Ethereum and DeFi more than ever. We can't build the future of crypto on centralized exchanges. We never could. DeFi.
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Things that solve the GameStop problem:. ❌ Bitcoin.❌ Dogecoin.❌ Binance.✅ Ethereum.✅ DeFi.✅ Uniswap. If you understand this you're early. Invest accordingly.
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Bye bye Gary Gensler. Bye operation chokepoint. All the regulatory headwinds just became tailwinds. Crypto has never existed in a world where the U.S. government is openly supportive. We’re in uncharted territory now.
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Visa had to buy ETH then use it as money to buy a cryptopunk. ETH is money.
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Images made with Midjourney v6. What is real. 2024 will be crazy.
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Ethereum successfully upgraded. Ethereum L2's just 5x'ed their bandwidth. Out of the 1990s into the 2000s. Welcome to broadband.
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