If governments and regulators were effective in offering a financial market that was both stable, and allowed people to enter the wealth building process, cryptos likely wouldn’t have the level of popularity they do. The Way Forward is Less Regulation, and Less Governance The simple fact is that because cryptos are both global and open to anyone, the major blockchains will see boom and bust cycles, with all the profits and pain that come with an unregulated development process. The same thing could be said of any investment fund, or startup company, or any early stage venture, in any market. Just like with the altcoin markets in previous years, fundamental research and reading the whitepaper, studying the team and measuring product-market fit are important aspects before making the choice to invest.”
“There are plenty of high risk, high yield protocols that offer little added value in the market…Most of these platforms are copycats of existing innovations, so there’s little risk to someone who has done their homework as to which are the original movers and shakers, and which aren’t. Igor Dyachenko, the co-Founder & CEO Studyum, put it in these terms, Of course, Buterin has done pretty well with cryptos, so as much as he may not like people trying to create 40,000x gains in the space of a week his road to wealth has no doubt encouraged millions to dream big – and take bigger risks. He helped to create perhaps the most innovative use for the internet since the millennium, and to see Ethereum become a platform for anyone who wants to take a shot making big cash might be hard to accept. There is zero doubt that Buterin’s goals are totally admirable. The world of DeFi has taken a turn to architecture over value creation, although – one could say the same thing about the established financial system.Įthereum is Following in Fiat’s Footsteps There probably will be a wash-out in the DeFi space, and regulators in developed nations will take notice. The fact that somehow more than a decade after the crash major banks like Deutsche Bank are still insolvent aside (zombie bank walking on bailout funds), Buterin probably has a point. “If you just take DeFi and push it into infinity, you’re just going to get tokens that give you profit from yield farming, and prediction markets on top of yield tokens…That’s good up to layer two, but once you start getting up to layer six you’re setting yourself up for a collapse and potentially getting a lot of regulators angry.” While the days of heady token bidding and 6000x returns are probably behind us, the DeFi space continues to create an incentive for developers to push into new territory.Įthereum’s co-creator Vitalik Buterin warned of this trend recently at the EthCC conference, in Paris. In fact, Ethereum and DeFi are storming ahead, and getting a lot of attention in the media sphere.
The death of DeFi in the summer of 2020 has been grossly exaggerated.
There's also no word just yet on when the new reactions will launch. Twitter also appears to be working on "Cheer," "Haha," " Hmm," "Like," and "Sad" reactions to tweets that users will be able to activate using a press and hold gesture on the current like button.īitcoin support for tips is limited to the Twitter beta at this time and is not yet available for all beta users, so it is not yet clear when the Bitcoin feature will see an official release. "We use Strike to generate Bitcoin Lightning invoices so you'll need to connect your account to accept Bitcoin tips" reads the text. Twitter also informs users that a Strike account is required. Twitter gives Strike, Blue Wallet and Wallet of Satoshi as examples of custodial wallets and Muun, Breez, Phoenix and Zap as examples of non-custodial wallets. The addition of a Bitcoin tipping option comes after Twitter CEO Jack Dorsey told investors in July that Bitcoin was important to the company and would be coming to the Tip Jar in the future.ĭetails in the latest Twitter beta indicate that users will be directed through a Bitcoin tutorial that includes details on the Bitcoin Lightning Network and custodial and non-custodial Bitcoin wallets. When the Tip Jar was first introduced, Twitter allowed users to add Bandcamp, Cash App, Patreon, PayPal and Venmo links to their Twitter profile, but soon, there will be a Bitcoin option.
#CORNERED RAT SOFTWARE CX PROGRAMMER CODE#
Bitcoin isn't yet available to select as a tip option for beta users, but code in the beta suggests that Twitter is in the process of rolling it out.
#CORNERED RAT SOFTWARE CX PROGRAMMER UPDATE#
Twitter's latest beta update introduces support for providing content creators with Bitcoin tips using the "Tip Jar" feature that Twitter introduced earlier this year.
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