abrahamwilson

@abrahamwilson

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The solution isn’t dumbing down the technology. It’s elevating the user experience. Take layer-2 scaling solutions: Instead of expecting users to understand the intricacies of rollups or state channels, we should focus on delivering the benefits (faster, cheaper transactions) through intuitive interfaces.

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Centralized exchanges are ahead of the game and have made significant strides in user experience, proving that crypto can be accessible without compromising functionality. The broader DeFi ecosystem, however, lags behind and often resembles early command-line interfaces rather than modern applications. Connecting wallets, understanding gas fees and navigating smart contract interactions remain significant barriers to entry.

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Most tech giants understand this principle well. When you send money through Venmo or PayPal, you don’t need to comprehend the SWIFT network’s intricacies. You simply enter a phone number or email address. Similarly, streaming services like Netflix transformed media consumption by making the experience seamless rather than bogging consumers in technical complexity. The sophistication of these platforms lies not in their technical sophistication but in how effectively they hide it.

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abrahamwilson pfp

The solution isn’t dumbing down the technology. It’s elevating the user experience. Take layer-2 scaling solutions: Instead of expecting users to understand the intricacies of rollups or state channels, we should focus on delivering the benefits (faster, cheaper transactions) through intuitive interfaces.

0 reply

1 recast

1 reaction

abrahamwilson pfp

Centralized exchanges are ahead of the game and have made significant strides in user experience, proving that crypto can be accessible without compromising functionality. The broader DeFi ecosystem, however, lags behind and often resembles early command-line interfaces rather than modern applications. Connecting wallets, understanding gas fees and navigating smart contract interactions remain significant barriers to entry.

0 reply

1 recast

1 reaction

abrahamwilson pfp

Most tech giants understand this principle well. When you send money through Venmo or PayPal, you don’t need to comprehend the SWIFT network’s intricacies. You simply enter a phone number or email address. Similarly, streaming services like Netflix transformed media consumption by making the experience seamless rather than bogging consumers in technical complexity. The sophistication of these platforms lies not in their technical sophistication but in how effectively they hide it.

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isabella819jones

@isabella819jones

Lummis, a vocal Bitcoin advocate who introduced the Bitcoin Strategic Reserve bill for the US government in July 2024, praised Wyoming representative Jacob Wasserburger for introducing the legislation to “allow permanent funds to diversify into Bitcoin.”

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“Wyoming took its first bold step toward a strategic Bitcoin reserve,” Wyoming Senator Cynthia Lummis wrote in a Jan. 17 X post, following the introduction of the bill titled “State Funds-investment in Bitcoin,” which, if passed, allows a portion of Wyoming state funds to be invested in Bitcoin.

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@jamesethansson

While parts of the crypto community speculated that the announcement could result from a hack, sources close to Trump’s family confirmed to Cointelegraph that the project is legitimate and linked to his non-fungible token (NFT) ventures.

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@alfredandme009

Meanwhile, pseudonymous crypto trader 0xsun purchased nearly 1 million TRUMP tokens with 3,000 Solana , worth $653,000. By selling part of their holding for $812,000, they netted over $3.7 million in profit.

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@alfredandme009

Another trader transformed a $1.1 million investment into $70 million in under four hours. The individual sold 1.35 million TRUMP for 3.65 million USDC while retaining 4.62 million tokens valued at $67.5 million.

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@alfredandme009

A wave of high-profile trades highlighted the token’s meteoric rise.

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Today in crypto, crypto traders bagged millions as Trump’s Solana memecoin sparked a frenzy, Wyoming is the latest US state to introduce a bill for a Strategic Bitcoin Reserve, and the Securities and Exchange Commission charged Digital Currency Group and former Genesis CEO for misleading investors.

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@jamesethansson

“My NEW Official Trump Meme is HERE! It’s time to celebrate everything we stand for: WINNING! Join my very special Trump Community. GET YOUR TRUMP NOW,” Trump posted on Truth Social and X.

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@jamesethansson

Crypto traders are raking in millions following the launch of Official Trump (TRUMP), a Solana-based memecoin introduced by US President-elect Donald Trump.

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In a Jan. 17 blog post on “economic freedom,” Armstrong said cryptocurrencies were ”the next chapter capitalism,” offering suggestions for policymakers to integrate digital assets into their economies in 2025.

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“The next global arms race will be in the digital economy, not space,” Armstrong speculated. “Bitcoin could be as foundational to the global economy as gold and will become central to national security in a world where holdings of Bitcoin can shift the balance of power among nation-states.”

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Coinbase deepened its ties to US lawmakers during the 2024 election cycle, contributing more than $45 million to the Fairshake political action committee and donating $1 million to President-elect Donald Trump’s inauguration fund.

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sophiasmith77609

@sophiasmith77609

Armstrong reportedly met with Trump in November to discuss personnel appointments, suggesting the crypto exchange could significantly influence US policy.

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sophiasmith77609

@sophiasmith77609

Coinbase vice president of US policy Kara Calvert told Cointelegraph the exchange was “eager to work” with the incoming Trump administration but did not specifically mention plans for a national BTC reserve.

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