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Thorolf Butter
19.7K posts
Thorolf Butter
@ThorolfButter
philosophy & distributed systems 🧈
Katılım Ekim 2021
690 Takip Edilen1.9K Takipçiler
Thorolf Butter retweetledi
🔥 LATEST: Coinbase launches stock futures for non-US users, offering 24/7 leveraged exposure to equities and ETFs.
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@ErikVoorhees Yeah. Tokenization will enable AI to easily trade stocks in a framework built by humans. Eventually, AI will comprise the overwhelming majority of trading activity, ideally to humanity's benefit.
Small fees can be placed into contracts for licensing, rights, micropayments, etc.
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@DerrickEvans4WV @elonmusk I'd argue this is a streamlined, more efficient way to run a reserve on a fair governance platform, akin to a decentralized economic board.
Efficient market structures incentivize the adoption of similar structures, so I'd expect the rest of the world to follow the USA's lead
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@PsyopAnime This structure is also perfectly suited to complement existing board arrangements.
Such as the Board of Peace, formally established to end the military conflict between Israel & Palestine that culminated from 10/07
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@PsyopAnime With oil reserves increasingly moving on-chain, structures like this more become attractive to those w/ access to the on-chain asset: x.com/ThorolfButter/…
Particularly if prices are volatile & the financial sector has reason to be dissatisfied with leadership, such as in Iran
Thorolf Butter@ThorolfButter
@cogent_rambling @DrEliDavid @VivekGRamaswamy Absolutely within reason. It could be done by creating tokenized debt with existing assets, like Bitcoin. Or a derivative based on a physical commodity, like oil reserves. Can use this as a basic governance structure like voting via shares to allocate to reconstruction contracts
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Happy will the house be in which the relationships are formed from character.
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@akaCurt @Erickschultz11 @AndrewYang Modern institutions w/ a disproportionate amount of resources would significantly benefit from adoption.
They can stake stock they already own to fill any liquidity holes in their balance sheet.
Staking bottlenecks their circulating supply, increasing upwards pressure on price
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@PsyopAnime Those who hold substantial energy reserves often drive these conflicts. Bottlenecks imposed by impediments to logistics among trading partners drive the price upwards & oil futures can be easily manipulated through foreknowledge of how military decisions will impact supply chains
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@The_Prple_Mdium @zerohedge Fractional lending at a 0% required reserve ratio, & held at this absurd rate since 2020. I suspect that some major banks would have to be functionally illiquid of cash reserves, or for there to be substantial worry of this in the near future, for this to be considered pragmatic
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A remarkably consistent set of values that Steve Jobs held dear:
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@BitcoinGranny @ErikVoorhees It wasn't viable until this intersection of modern advancements in smart contracts, public salience, & regulatory acceptance. Particularly for DeFi.
Nick Szabo laid groundwork in the 90s, but the community owes much to Vitalik & Ethereum for making on-chain property possible
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@ThorolfButter @ErikVoorhees Patrick Byrne was very early on this. He was too early. Ten years ago...T/0, I think and then Bruce Fenton was involved with Raven. The vision was there...
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It may be obvious in hindsight that we actually built crypto for the machines
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People don’t want to be punished for success.
It is not wrong to want to preserve your wealth.
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@yacineMTB As for the digital ID: use whatever ID that countries/states already issue as basis for a ZKP for proof of personhood/address, then do away with it entirely.
It'd preempt and suitably relegate the entire notion of digital ID to irrelevance.
WEF can GFY. Shouldn't be a hot take
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Bill Gates says the merging of biometric digital ID, bank accounts and payment systems is needed to safely monitor people's health records, keeping tabs on farmers, and tackling "climate problems."
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@WSJopinion @BillAckman @Mark_Penn Despite lobbying efforts, it seems intuitive that regime change to less incendiary diplomatic relations would invite less need for sanctions on Iranian oil exports & expedite infrastructure repair.
Even if current operations aren't conducive to formalizing such trade agreements
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