David

@davidf

208 Following

101 Followers

David pfp

The idea that there is no “real” intrinsic yield at 100% ETH staked is wrong. It confuses “inflation” of the supply with price inflation. Those are correlated but not 1:1 - just look at US dollar. If all ETH holders get the same reward we still win vs the rest of the world because FX with fiat is what matters

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David pfp

An under appreciated fact about scalability is that if costs in the network don’t come down, centralized intermediaries will arise to internalize costs. This happens in TradFi all the time. Low scale —> Centralization

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David pfp

Blockchain is a continuation of the trends we’ve seen in Uber, AirBnB, Amazon etc. Trust is moving from individual service providers to networks of new service providers. For money, trust in individual banks can be replaced with trust in a blockchain network.

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David pfp

One thing missing in the tokenized treasury conversation (i.e., yield-bearing stablecoins) is what happens if interest rates go up. That would mean the value of the treasuries go down (a la SVB), and what if the stablecoins are then under collateralized? 🤔 Happy to be schooled here if anyone knows

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David pfp

Love this IMF report quote: “Crypto asset technologies, if not well regulated and supervised, could create de facto a new and alternative financial system.” Yea bruh, that’s that’s the point. It’s been the publicly stated goal for years 😂

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David pfp

What do people think is the single largest comparative advantage that blockchain has over legacy financial technology? My vote is a unified ledger. Huge friction in TradFi

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Came across a crazy stat today: A 2022 MasterCard survey found 51% of Latin American consumers transacted with crypto in the last year. These are the kinds of 51% attacks we need

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David pfp

Great Bankless pod on tokenized treasuries. Two thoughts (if this scales): 1) Americans can access the yield via AAVE once arbitrage forces the on-chain interest rate for all stables up to the US T bill interest rate 2) The US gov’t will control interest rates in DeFi via this arbitrage

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David pfp

Non-dev question coming in hot🔥- with the EIP 7212, can I sign with my biometrics on any device? Or is it that my key is held within a secure enclave on a specific device that I use biometrics to unlock?

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Why doesn't the EVM just do paymasters first, instead of waiting for full enshrined AA with EIP-3074 (or similar)? Seems like a small change that could unlock a lot of value

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David pfp

Self-investment returns the biggest profits. Just don't lose those private keys 🔑

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David pfp

@yup I'm looking for that beta invite 🙏 I'm hoping Yup can help me switch to Farcaster without ditching the Twitter community entirely

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David pfp

gm Farcaster - I'm here to upgrade from CT

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