Orbit

Spain playing like absolute trash You can buy 1 dollar for 17 cents France is 100% winning this world cup This is risk free imo

Here is some information on the gamblers in Korea: "Korea Financial Supervisory Service: As of July 13, the cumulative total of over 1.2 million leveraged retail accounts across the Korean market triggered margin calls, with approximately 320,000–360,000 accounts fully forcibly liquidated by brokers (principal wiped out, some with partial negative balances owed to brokers)" Lol...

vechain, a token/chain that hasn't been relevant since 2018, but still somehow sponsors every single UFC card

Strong disagree. ETH (and BTC) never had a credible path to becoming money. Successful currencies that are arbitrary values are as rare as hen’s teeth. It’s a dead end path very early in the evolutionary tree of money. Commodity money arose because it linked units of account to tangible goods, like grains or metals. Book money, used as abstract units of account, still tied back to this - the £ was originally a pound of silver; the koku was ~330 lbs of rice. Coinage, and the shenanigans related to it, created a Cambrian explosion that eventually resulted in a mass extinction event, with most of the successful currencies today sharing a common ancestor. The Bohemian silver dollar birthed many other thalers, tolars, and dollars. Including the Spanish dollar and Austrian (Maria Theresa) thaler. The US dollar, Yen, Yuan, Won, Mexican pesos (5 rather than 1) all descend from the Spanish Silver Dollar. Also the now defunct Straits Dollar. The Straits Dollar gave us Ringgit, HK dollar, Singaporean dollar. The Ethiopian Birr and Saudi Riyal descend from the Austrian silver thaler. And of course the US dollar led to NZ, Australian, Canadian dollars, which have subsequently floated away from their launch values. There’s a whole host of currently USD-pegged currencies, from Caribbean dollars to Jordanian dinars. To say nothing of fully dollarized economies. Even the Euro can trace an unbroken series of redenominations and predecessor currencies back to that silver coin in Bohemia. The Russian ruble married into the family tree when Peter the Great aligned the silver content of the ruble to the silver dollar. Central Asia and Slavic currencies mostly descend from the Soviet ruble, which comes from the Russian ruble. The original silver dollar and its descendants are evolution’s favored child, and the only significant currency family outside of the dollar is the rupee, which had the benefit of being invented roughly the same time and India already being an economic center of gravity. Sterling still has a small family, but has mostly lost members to the dollar family, from America to various dirhams/dinars that were born pegged to £ but now to $. How was ETH (or BTC), completely alien to any preexisting unit of account or store of value, ever going to be *money*? The last 500 years have been the utter and still-growing dominance (hello stablecoins!) of the descendants of that silver dollar in Bohemia. “ETH is money” was never a credible case and anyone who believed it was needs to be more familiar with money and the history of money.

Update: Crypto condom still sucks and you should unfollow him

so they need to maintain duplicate books for every ticker? > 2x the capital (and liquidity fragmentation) > 2x the MM fees > OI fragmentation all just to be able to say they’re on robinhood chain to shoehorn themselves into the robinhood wallet? I also don’t understand what it means for robinhood to cover the gas fees initially — lighter is not fully onchain, it’s a zkEVM L2 with an offchain matching engine what gas fees?