In all seriousness, a sad week for the industry. We shouldn’t need to trust that centralized exchanges won’t loan our assets to others. We are seeing a huge influx of deposits to Telcoin wallets and hope we can help restore trust in the technology.
#Telcoin
#DeFi
#SelfCustody
Excited to invest in a
#Nebraska
community bank and join their board (pending regulatory approval) - a very important step in our journey. True story: the bank printer was out of paper and the local shop only had blue! Is that not destiny?
#Telcoin
Another great round of DC meetings last week (our 4th trip and first post-FTX) with key Financial Services Committee members/staffers, particularly those on the
#DigitalAsset
subcommittee shaping upcoming legislation.
#Telcoin
@telcoin
Great meeting this week with Nebraska Dept of Banking and Finance. So impressed and thankful for Director Kelly Lammers and his team and the progress they have made in turning the Nebraska Financial Innovation Act into reality.
#Nebraska
#Telcoin
Grateful for this opportunity to look towards the future of banking, commerce, and insurance in Nebraska!
S/o to
#cryptocommunity
and
#telfam
- we’re bringing more
#crypto
bills this year!
It’s an honor to be named to the Financial Services Committee. Banking, finance, and insurance are key job creators across the First Congressional District.
If you suddenly had all the Venezuelan Bolivars, Turkish Lira, or US Dollars in the world, they would also be worth nothing. There is a legitimate demand for the sort of transparency in supply and governance that cryptocurrency can provide.
Thought about buying Buckingham Palace today. But as a result of corporate due diligence, and in the name of transparency and decentralization, I’ve decided that we will not pursue the potential acquisition.
Great to see this today. It's when everyone's stomachs are queasy that smart money moves in.
Andreessen Horowitz bets on crypto ‘golden era’ with new $4.5bn fund
@brooksy1985
@facevaluenft
@mschramm000
@JP202111
@360_trader
@telcoin_team
Unfortunately earlier we didn’t have a proper recruiting system in place yet and likely didn’t follow up properly. We’ve hired 4 so far in Norfolk including our global head of HR John Hobbs. Please ask people to reapply as John has a proper system up and running now. Thanks!
@HodlerVaughn
Absolutely my friend. We only control one of three keys, so cannot lose your money. Could call us assisted self-custody. I think this model is the sweet spot, we just need to articulate it better.
@UncleTonyRusso
Yes absolutely, which is what we are currently preparing. Ease of central exchange but legal/technical self-custody and a transparent three-key security model.
@DrEvilofCrypto
@MisfitInvestor
It is technically self-custodial, but we still have yet to publicly disclose the way that a user can take advantage of this fact. The bottom line though is that already from a financial aspect it is, in that us going bankrupt would not impact customer funds.
@MisfitInvestor
We would need to comply regarding the one key that we control. So we would have the ability to prevent the user from using the Telcoin App to move an asset, but we could not seize it.
@MisfitInvestor
In order to seize funds a government authority would have to also subpoena the trusted third party holding the third key. The user could also work with the TTP to move their assets without our cooperation. We will publish the details of this arrangement very soon.