binji

Why did DAI stop using only ETH as collateral? Why is BOLD by LQTY not as successful as USDT AND USDC? Is it just a distribution thing? A massive driver to $ETH being an SOV would be to make it back money that can be used IRL AKA an overcollateralized ETH-backed stable. Ignas @DefiIgnas Nov 6 Terra's UST collapse ended up affecting innovation in decentralized stablecoins. We need decentralized stablecoins more than ever. I even believe that Ethereum Foundation or adjacent institution should launch one (or acquire Liquity) Backed by $ETH alone - no other LST or Quote binji @binji_x Nov 6 Agree that ETH is a store of value that can support and back the creation of money, but it is not money yet. Overcollateralized ETH stables can help create tokenized dollar-pegged assets that are less volatile than SOVs are. Check out what @LiquityProtocol does for example.

Let’s all go out in Mumbai tonight who’s here?? haven’t danced all week

Stop being scared of being disliked by losers.

post AI > post quantum quantum is not the only threat, AI-assisted attacks can target both code AND people (social engineering attacks/blackmail). That’s why decentralization matters. Other chains can go PQ, but they can’t go post-AI because they have key man risk

Predictions for ETH & Etherwum. > ETH is an SOV > there is an ambitious plan for a post-quantum AND post-AI SOV > *checks notes* it’s like the MERGE 2.0 > ETH will become THE asset to hold for both SOV & the ambitious future carved by its post quantum AND post AI readiness >