My bank decided to re-issue a credit card due to fraud risk My cellphone is on the old credit card number Bank logins use that cellphone as a 2FA (WTF) So the bank effectively shut down access to their own online banking The entertainment value is immense Now wondering if central banks will be comedy central when trying to execute a CBDC
Ethereum is NOT a protocol, you know things like TCP/IP and HTTP. The crypto world is in a mass psychosis. VC funds have blossomed on the thesis that L1s are the “protocols” for finance. No, these are language and compute environments. ETH was the first language to gain popularity for DeFi apps. But it was created before they knew what DeFI needs were. We have seen this before… COBOL, Fortran, Lisp, C, JS, Rust. Every language builds from learnings from the past and upon the needs of new domains. Old languages continue to be used, but many wane, new languages gain adoption. ETH’s Solidity is COBOL. To be clear: - A protocol is a standard for messaging. - A language is a standard for compute. The former has longer and stronger network effects. Bitcoin is more of the former while ETH is more of the latter. There will be a ongoing market for better decentralised compute networks. Like COBOL it’s quite unlikely Solidity will be what we build DeFi apps on in say 20 years.
#[0]​ - I think the holy grail UX to be close to Twitter level of editing is access to screen capture to clipboard and to paste image into a post; on desktop app. Upload from Photos app, while a good jump, doesn’t quite do it.
FSI showing first signs of bottoming, BTCUSD up to now has been consolidating sideways against headwinds of FSI mean reverting (cooling off from overheated). Should see some fundamental tailwinds hear on in. Also worth noting the volatility compression we have seen in the 4 weeks of sideways suggests the expected move should be decently big (much bigger than the recent 28k -> 30k move). Note: Short timeframe forecasts has lower reliability than longer term macro readings. This post only goes out to Nostr (not Twitter). image
FSI update: It's mean reverted back from extremely overheated preventing further upward momentum. (I'm waiting for it to bottom before going long) Taking a guess at one more week before bullishness. image
Decent liquidity gap to $42k. April should be an interesting month to watch. image