Trying to understand the Plasma hype What can you do with | José Maria Macedo on Binance Square

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José Maria Macedo

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Trying to understand the Plasma hype 
What can you do with an app-specific stablecoin chain that you can’t do with stablecoins on Solana / L2s?

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José Maria Macedo

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Received my FTX distribution :o

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A simple transparency regime to fix crypto token launches should include the following disclosures (lying on any of these should carry fraud penalties): - Insider tokens and vesting schedule: all insider wallets should be tagged (no doxxing tho) so ppl can verify vesting schedule and any funny business - Real float: Real float broken down by bucket: tokens airdropped, tokens loaned to MMs, treasury tokens, tokens given to exchange, etc) - MM/CEX deals: Terms of deals with exchanges and MMs should be made public - Secondaries and selling treasury tokens: Any insider secondary transaction or treasury liquid token sales should be disclosed after the fact, along with terms Don't quash innovation make things overly onerous for early stage teams, just allow for transparency so investors can decide for themselves what to do

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We can't build "internet capital markets" on top of memecoins, only internet casinos. Nothing wrong with that, but just call it what it is Internet capital markets can't exist until you have actual tokenised startup equity on-chain MetaLex

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An ETH rally is good for everyone, because whether you like it or not every single asset is priced vs ETH. ETH's 300b market cap anchors all other alt valuations, allowing investors to look past the absurd multiples on cashflows that most coins trade at TLDR: Respect the pump

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Imo the biggest contributor to the disconnect between the awful vibes on CT vs the pretty bullish reality of crypto adoption rn is the anon CT professional critic class Crypto, seemingly more than any other industry, has this weird phenomena where there's a class of ppl who log on every day for years just to be permanently bearish and hate on everything. They seem to absolutely despise the industry, but for some reason they won't leave and are in fact some of the most active posters on this app Not sure how to explain this, but my best hypothesis is just bitterness. They watched a bunch of ppl get rich around them while they were sidelined or in the wrong coins, and it's easier to blame their failure on "crime" rather than face their own mistakes. They stick around because despite their professed hatred for the space, they're still hoping it'll some day make them rich While I sympathise with their plight, and criticism is important and often warranted, it'd also be great if CT was more reflective of the real bullish stuff that those of us who spend all our time talking to founders hear about every day How do we fix this?

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