πͺπΊ The future of Web3 & DeFi in the EU πͺπΊ Legal compliance is fundamental for wide adoption of Web3 & DeFi. While security audits of DeFi protocols are a common practice, the same is not true for regulatory compliance audits All investment services in the EU, including thoseβ¦ https://
π¨JUST IN: Quantum Computer Hacked #Bitcoin Satoshi Nakamoto has been suspiciously quiet since the news broke out π€« According to experts on social media, the recent advancements in quantum computing have just made Bitcoin obsolete. Of course, neither the market, norβ¦
Bad news for #USD π The value of a currency is a direct reflection of the organic demand for it. Sanctions will decrease the demand for US Dollar, via disincentives Plus, itβs the US consumer that will be paying for the tariffs, not the BRICS countries π€·ββοΈ
π Sold at par π 0% coupon π Unsecured debt π Option to convert to equity at $672/share For the loan of the principal youβre getting an option to buy $MSRT stock at $672 in 2029 - 60% higher than the current share price of β $420 Why not just buy $BTC directly? π€·ββοΈ
Very interesting alternative USD market Usual flow: πΊπΈ buys oil from πΈπ¦, πΈπ¦ reinvest excess back into UST New flow: πΈπ¦ reinvests excess into π¨π³-issued USD bonds Result: USD flows to π¨π³, instead of πΊπΈ, as the USD-denominated debt (bonds) are issued directly by π¨π³
Part of Bitcoin's value derives from the total electricity cost of maintaining a decentralized, trustless, immutable ledger of transactions for >15 years 20% of GDP is spent on financial services. Blockchains remove intermediaries & improve efficiency Itβs apples to oranges π€·ββοΈ https:/
ππ§ Podcast covering #BRICS Currency on the blockchain is out! ππ: π€ Smart contracts & #DeFi are an ideal match for #BRICSPay showcased at #BRICS2024 summit. Podcast & article exply why π€ AI Audio created with NotebookLM https://
π―π΅π§ Added an audio version of the article Itβs an AI-generated podcast of the article using NotebookLM audio overview with custom sources & instructions π http
1/10 π―π΅ Ever wondered how Japan protects deposits when banks fail? π€― Their deposit insurance system handled 180+ financial institution failures, including the massive 90's banking crisis π Here's how Japan's Β₯10M deposit guarantee scheme works: π§΅
π Tried out the BRICS Pay demo. Gold/#XAU is one of the supported currencies (the only real money in the list!) π To be supported cross-border, within every member nation π³ You can use VISA/Mastercard to load up your account πͺπΊWe urgently need an akin system in the #EU
If you think you understand futures contracts, you must learn bond futures Besides some differences, like dynamic settlement price, you will quickly realize how much #DeFi improves over #TradFi The future of finance is on-chain Simplicity, transparency & efficiency http
π Learning how derivatives are priced will make you realize that all the models are based on financing with an interest rate (IR). Future value of a derivative is discounted with an IR. Where does this extra money come from? π Hint: you may see it manifest as #inflation π
Forward rates compute the borrowing cost of money for a future period. They're derived from the existing interest rates in the market. Useful to compare investments, arbitrage on lend/borrow positions and even predict future inflation value Hereβs the concept visualized π
And the first rate cut comes from the European Central Bank (#ECB) Federal Reserve (#FED) coming up next A few days ago I tweeted about how a rate cut is imminent, as suggested by the Treasury Bond rates falling below the overnight exchange rateπ
Besides inflation there is also discounting, which measures the time value of money Discounting states that money today is worth more than tomorrow, since it can be invested to earn an interest You can compute todayβs value of future money using the formula below π
π΄ Every time the Treasury Bond rate (#DGS10 / #US10Y) raises above the Fed Funds Rate (#FEDFUNDS / #EFFR), the Fed Funds Rate decreases dramatically Historically, this has always been the case and this is exactly what's happening now Expect a rate cut from the #FED very soon
Treasury rates (Treasury Bills & Bonds) are risk-free, but they do not represent the risk-free rate, as they have artificial incentives. The risk-free rate must represent the true cost of borrowing money. Overnight exchange rates are a much better measure of the risk-free rate. http
π Imagine 24/7 global video surveillance that doesn't compromise privacy π€― Sounds impossible? π Zero-Knowledge Proofs disagree Here's why π§΅π
Linguistic vocal communication is such a wild concept π€― Like, I can take an abstract concept that I have in my mind, transform it into vibrations, transmit it wirelessly over air and have another individual parse it back into a similar abstract concept, now in their mind
π¨ PRIVACY IS A MYTH! π΅οΈββοΈ Digital privacy is fundamentally unfeasible, unless we rely on verifiable computation constructs like Zero-Knowledge Proofs (#ZKP) π A thread π§΅ on why ZKPs are the key to true digital privacy π #Privacy #ZeroKnowledge #Web3