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7/ I am not always right, but my perspective is: Failures can/will happen. But when they do, transparency, speedy communication and owning responsibility to the community is extremely important.

1/8 These past weeks have proven to be a watershed moment for the crypto industry. We have witnessed the rapid decline of a major project, which sent ripples across the industry, but also a new found resiliency in the market that did not exist during the last market downswing.

I did ask about the rumored "2nd round investments or UST". There were discussions, never closed. Binance did not buy UST.

We probably do have some from trading fees. Probably valued close to 0 now. (Think of it as free trading in the past, haha). This just wasn't on my mind. Not how we prioritize things. Users first. 🙏

Reading some comments on Twitter, it just occurred to me that I haven't asked our team if @Binance had any UST. 😂 (I don't have access to our admin backend, for security reasons. I always have to ask someone to get info.) I just asked now. 1/2

Speculative controversial take: we should legitimize price gouging by top stake pool providers. Like, if a stake pool controls > 15%, it should be accepted and even *expected* for the pool to keep increasing its fee rate until it goes back below 15%.

Stop "experimenting" with ponzis, algostables, yield farming and other unsustainable nonsense. Start experimenting with public goods funding, governance/DAOs, decentralized identity/reputation, regenerative finance and privacy tools. This is the gwei.

The obvious precedent is FDIC insurance (up to $250k per person) An interesting unrelated one is Singapore employment law. Stronger regulation for low-earning employees, and a more figure-it-out-yourself approach for the wealthier. IMO things like this are good hybrid formulas.

Strongly support this. Coordinated sympathy and relief for the average UST smallholder who got told something dumb about "20% interest rates on the US dollar" by an influencer, personal responsibility and SFYL for the wealthy.

Here is a good overview of the Luna situation and why I feel the market will go back up. Conversation between @TrustlessState and @RyanSAdams at @BanklessHQ Also give a listen to all the other episodes they have. Hands down the best crypto podcast. https://t.co/2mu37XJ7nG

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