Lawyers and legal experts: how enshrined is the notion that a corporation or LLC can restrict ownership of stock? Has this ever been challenged in court?. Am I naive in thinking there’s tension between strong property rights (for the equity owner) and corporate friendly rules?.

Mert defecting to help Meta launch their L2?.

Robinhood reports 25M customers. Coinbase reports over 100M. The path to "getting a billion users on chain" is now clear: companies launching custom L2s. Financial firms are a natural fit, but the real big whale in this game, the ultimate "get" for the crypto industry, are.

Going On-chain Will Someday Be as Much of a No-Brainer as Going Online. The interview by @TheStalwart & @tracyalloway with @vladtenev and the question posed to him on why stocks need to be tokenized, got me thinking about my professional trading days and the raging debate back.

I can't speak to the decision making process at Robinhood, but I think deploying your own L2 will almost always be more appealing to established enterprises than launching new products on an L1. Why? One word: control . If you launch your own L2, you can control almost every

Hot off the presses: new post arguing that crypto treasury companies like Strategy offer limited utility as equity wrappers. They have their benefits, which we outline, but are ultimately market beta. My co-author and I argue that a better approach is to seek alpha by building a.

Smart crypto people saying "economic security is a meme" reminds me a lot of smart tradfi people saying "there won't be any more financial crises" circa 2007.

One last attempt to convince the great @MattWalshInBos of the futility of Canton. 1) The notion of a public but permissioned chain is a myth. The known (and regulated) companies that validate the chain will not take on the liability of processing tx for any random user. This is.

Hosseeb is correct in his conclusion that staking yields should be on the low end, mostly because slashing is either rare or on a chain like Solana non-existent. It never makes sense to pay high interest on an activity with no risk and slight liquidity disruptions. My sense is.

What a disgusting use of a token. Stuff like this should be universally condemned.

Any chain that allows insiders to earn emissions on locked tokens is optimizing insider/VC profits over product success. I am all for VCs maximizing LP profits, but if you participate in such an arrangement save me the BS about believing in the project. You don’t.

Spittin truth….

The BTC treasury strategy seems to have topped out. Time to pivot to a stablecoin issuance strategy? . After all, CRCL has drastically outperformed MSTR lately. (and yes, that's about the level of sophistication investors in either co at current prices seem to apply).

Technical Explanation:

Permissioning is the bad idea that simply won't die. Ironic, given how Satoshi's greatest (and really only) contribution was figuring out how to achieve reliable consensus in a permissionless setting. I was gearing up to write more about permissioned bank deposit tokens being.

We are now in the era of crypto bros getting excited whenever a tradfi bank, payment, or FinTech firm (JPM, Visa, Fiserv, etc) announces a stablecoin project. This happens for 2 reasons:. 1) Most crypto bros don't actually understand what TradFi does, for the simple reason.

RT @shawnwlim: 1/ Stablecoins already exist so why is everyone so geared up about the GENIUS Act?. Because fintech booms follow one formula….

There's a poorly constructed guest essay by respected Berkeley prof @B_Eichengreenprof arguing against the Genius Act in the NYT. His principle argument is that the Genius Act will unleash wildcat banking that leads to more runs like SVB. But as @intangiblecoins points out, it's.

Transparency is the one thing crypto should do better than TradFi, but so far has not. A token disclosure framework like this is long overdue so props to BW for conceiving of it and the teams who kicked it off. Now we need to make it (or an evolved version) an industry.