BKUSD

Maybe there was one time when you could semi-plausibly argue that Ripple had some easy way to shoot up the price of XRP massively for good but was just waiting for the right time to maximize something or other. But boy, it's hard to argue that today. For one thing, circumstances have changed so much that it's hard to imagine we've held onto this magic switch for so long and it's still just waiting to go. We've explained what we're doing, why we're doing it, and what we hope to achieve. While we aren't transparent about everything, we're not hiding some grand conspiracy. At least not as far as I know.

Raoul Pal: “The entire banking system will go to ETH” Raoul explains: “I find it hilarious that 1.5-2 years ago people were like, ‘ETH is dead.’ I’m like, 'No, the entire banking system will go to ETH.' That doesn’t mean it’s a mono-chain world, but I know how banks work… It’s really for them about Lindy effects — things that survive; things that you don’t get fired for; things that are proven — because nobody wants to lose their jobs over new technology.” Etherealize co-founder Danny Ryan adds to Raoul’s point: “I had to learn this. We’ve worked for a decade to make sure Ethereum is resilient, multi-client, is distributed across the world, has 100% uptime. And I had no idea until I talked to the banks: I’ve found a customer of decentralization. They just don’t know it. They care about uptime. They care about resilience. They care about the thing that’s been around for the longest. They care about the thing that no one can turn off. You just have to translate the language to them. And yes, the ‘no one gets fired for picking Microsoft’ dynamic is very real, and it’s in Ethereum’s favor.” Raoul points to Ethereum’s developer network effect as well.

🇮🇱🇱🇧 It's official: Israel and Lebanon have agreed to direct negotiations. First face-to-face meeting since 1983 leads to an agreement to keep meeting. The war that nobody thought would end in diplomacy just produced the most unexpected handshake of the year.