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I am willing to bet $1000 with someone that bank transfers are always slower or equally fast as stablecoin transfers. Some chickedshit crypto hater wanted to make a bet with me on LinkedIn, but backed out.
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Key details on how the Coinbase KYC leak happened. TaskUs, a US-based task outsourcing company, claims that the breach was conducted by only two of its Indian employees based in Indore. Also this confirms Coinbase knew about the leak, but did not properly report it in timely manner, exposing itself to GDPR violations on the top of SEC disclosure requirements.
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So Celsius' creditors' details have now leaked?
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Revenue per employee. Blockchain protocols are in their own class of efficiency because the goal of protocols is to bring down the headcount to zero. Blockchains are a step in the chain of many steps of automation and replacing manual tasks with machines. Eventually the number of employees working on a protocol should go to zero. But this time, the automation threatens high-skilled white collar workers like bankers and regulators. It is politically much more sensitive topic and thus it is expected to receive much more regulatory pushback, like self-driving cars. For example, I feel Bitcoin "employees" is already close to zero, as there is no need for much new innovation come out from there anymore, and the protocol is fully ossified. I wrote a boomer-friendly article explaining the topic some time ago, as this is the key principle what makes blockchains valuable:
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Revenue per employee. Blockchain protocols are in their own class of efficiency because the goal of protocols is to bring down the headcount to zero. Blockchains are a step in the chain of many steps of automation and replacing manual tasks with machines. Eventually the number of employees working on a protocol should go to zero. But this time, the automation threatens high-skilled white collar workers like bankers and regulators. It is politically much more sensitive topic and thus it is expected to receive much more regulatory pushback, like self-driving cars. For example, I feel Bitcoin "employers" is already close to zero, as there is no need for much new innovation come out from there anymore, and the protocol is fully ossified. I wrote a boomer-friendly article explaining the topic some time ago, as this is the key principle what makes blockchains valuable:
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