Allen H Simon

@InTechsection @fuserleer @Justin_Bons @radixdlt Clarification: All unsharded L1s have AC. Radix is the only L1 I know of whose design allows sharding with AC. And sharding is essential for long term sustainability.

1/5) ETH is in a race to scale on-chain Competitors will overtake ETH if it does not deliver on time Block space is a valuable resource, not exempt from competition ETH should pay attention or get left behind, scalable blockchains have arrived; I will cover some in this thread

@arcanelabyrinth Are US investors allowed to use the private sale?

1/4 We are pleased to announce that our website is now complete and ready for public access. Our website provides important information, including our Tokenomics and a preview of our NFT character in our gallery for you to explore. arcanelabyrinth.com #Radix #GameFi #P2E

@balajis What is the best way to deal with the current banking situation? Get the FDIC out of the way and allow the normal bankruptcy rules to work. Then have an auction of the existing assets and let the market do its thing.

Just as in 2008, the bankers lied. This time, the central bankers, the banks, and the bank regulators have lied to all dollar holders and depositors. This isn't your typical fractional reserve situation. The problem is that there isn't enough in the banks on a mark-to-market basis to cover withdrawals. They knew this through all of last year, and communicated it internally in their coded language. It's obvious from the graphs (see below). The central banks, the banks, and the banking regulators all knew a huge crash was coming — the phrase is "unrealized losses" [1,2,3,4,5]. But they never notified you, the depositor. Instead the regulators allowed banks to hide their literal insolvency in footnotes[6], until one guy figured it out[7]. It's Uncle Sam Bankman Fried. Just like SBF used your deposits to buy shitcoins, using accounting tricks to fool himself and others into using the money, so too did the banks. They all used the deposits to buy the ultimate shitcoin: long-dated US Treasuries. And they all got rekt at the same time, in the same way, because they bought the same asset from the same vendor who devalued it at the same time: the Fed. Specifically, as NYT admitted, banks "binged" on enormous amounts of Treasuries and other long-term bonds in 2021 when the flood of printed money cut off their typical demand for loans, and because they thought the Fed would keep interest rates low forever.[8]. And they had good reason to believe this. Powell said he'd be "patient" on rate hikes as late as Nov 3 2021[9]. Then he got renominated on Nov 22 2021[10], and hiked rates much faster than anyone had expected — which even Yellen[11] and the FDIC[12] admit caused the current banking crisis. Why did Powell delay? Probably for political reasons. Presidents don't like rate hikes[13], especially running into the election year of 2022. And Powell thought he could wait and just be like Paul Volcker[14], who was "firm" and then defeated inflation. But the world isn't an 80s rerun. Hiking from ten years of near zero interest rates in the 2010s was a surprise attack on every dollar holder. Economics isn't politics - the kind of insane flipflops you see in politics don't work when there are actual contracts involved. So anyone who bet on long-term Treasuries got killed in 2021. And now, anyone who bets on short-term Treasuries is going to get killed in 2023. The absolute worse place you can be is to have large amounts of assets locked up in three month treasury bills. The ~5% interest rate offered by big banks (G-SIBs) is a trap. Most fiat bank accounts are now a trap, for those countries whose central bankers followed the Fed. Check my references, I've provided quite a few. If you trust US bankers and US media, ignore me. Otherwise buy Bitcoin and get your coins off exchanges. #Bitsignal [1]: Fed, Sept 22: archive.is/1QA4q [2]: FDIC Nov 22: archive.is/ZBvli [3]: FDIC Mar 6 23: #selection-2051.175-2051.280" target="_blank" rel="nofollow noopener">archive.is/yxd1u#selectio… [4]: Fed Feb 1 23: #selection-5639.361-5639.378" target="_blank" rel="nofollow noopener">archive.is/nGpgk#selectio… [5]: Bank CPAs, April 22: #selection-2135.75-2135.152" target="_blank" rel="nofollow noopener">t.co/OlEnfFqb1N [6]: Insolvency in a footnote: #selection-811.0-811.40" target="_blank" rel="nofollow noopener">archive.is/0Jww3#selectio… [7]: Discovered online: archive.is/tfYIc [8]: Banks bingeing on bonds, but not because they want to Aug 25 2021: archive.is/CtW1B

I will take that bet. You buy 1 BTC. I will send $1M USD. This is ~40:1 odds as 1 BTC is worth ~$26k. The term is 90 days. All we need is a mutually agreed custodian who will still be there to settle this in the event of digital dollar devaluation. If someone knows how to do this with a smart contract, we can do it on chain, so I can send USDC. If you won't do that, name a custodian. #BitSignal

@DailyNoahNews FWIW, it makes much more sense that alien's (if they exist) live under the ocean than that they came form outer space. Other solar systems are just too far away. Also, Technology under water will have developed very differently than ours. You cant make steel underwater.

Tucker Carlson uncensored talks about his takes on UFO’s and his talks with Dr. Garry Nolan on studies he did of soldiers that were brain damaged from energy coming off crafts. Absolutely 🔥🔥🔥

@jimmyhumania @radixcharts Clarification: smart contracts will not be available on the mainnet until the Babylon release, 2Q2022. It is available NOW on a BetaNet, open to developers.

Thanks to @RepJamesComer and House Republicans, we’re finally getting answers about Biden’s broken policies and border crisis! @repohalleran @gregstantonaz alignact.com/go/support-the…

@PaoloRebuffo Not necessarily true if you have spent nine years designing a Digital Ledger that is a vast improvement of both the developer and retail user experience. radixdlt.com/radfi?utm_camp…

Developing a new blockchain without starting with full compatibility of the #Ethereum EVM execution layer is the most stupid and self-destructive idea in the entire blockchain industry. Avalanche #avax and #Polkadot are hitting a wall mainly for this reason. 1/2

@radixdlt, Please contact @coinstats to join #joincoinstats

@shivsakhuja So I conclude that the best tokens are ones that serve users in the real world with value that they cannot get elsewhere.

@shivsakhuja 2/x As I under stand it: Shivsak's stream makes the point that "real" value of a token comes from interactions eco systems with other ecosystems in the real world. Things ultimately financed by inflationary emissions have only apparent value.

"Where is the money coming from?" The MOST important question in DeFi that most investors don't ask.. 👇 🧵 [1/x]

@shivsakhuja 1/x It is clear to me that if there are two similar dapps, but one makes money for its end user and perhaps other stakeholders every time it is used, then that is a good predictor for its success.

Jazzer: What is the best way to contact you on telegram. Is there an interactive DeFiPlaza support chat on Telegram, that you can send me an invite to? My telegram id is @sam_retired

Senator Schumer once said gutting the filibuster would “be a doomsday for Democracy” but he’s trying to do it now. THANK YOU for saying NO and standing STRONG! #SaveTheSenate Sen_JoeManchin senatorsinema alignact.com/go/save-the-se…

@SirLensALot @kadena_io But Radix does not share this problem because the data for AAPL is randomly distributed over a huge shard space, rather than concentrated in an "A" shard

@SirLensALot @kadena_io AFAIK Kadena "solves" this problem by giving the dapp developer the "tools" to program around the problem. That is not really a solution, it just punts the problem to the dapp developer, and causes them to devote coding

@SirLensALot @kadena_io effort to all sorts of edge conditions. /3

@SirLensALot @kadena_io For sharding to work properly in a trustless DLT, it is not enough to break the ledger into lots of small pieces, and let different sets of validators process each piece. That is the root cause of the earnings report problem, and happens in nearly all DLT projects.

The Trust Machine — Part3: Quadruple entry accounting by Hans Moog link.medium.com/MEc2NbP9ujb

Often people ask, "what's so innovative about Radix?". Over the next few threads, we will dive into the innovations and why they matter. The first thread is dedicated to none other than "cross shard composability". $XRD $EXRD @radixdlt 🧵👇

@LeoMaga26603227 Superior tech in every way. #lastUnpumpedLayer1 🚀