95% of new things fail, generally If failure rate isn't high, you aren't at the frontier of anything

We have sort of backdoored our way into narrow banking. Private credit does a lot of lending, is maturity matched with locked up long capital. Banks provide liquid deposits and invest in Treasuries and Agencies. Could just get rid of banks with stablecoins at this point

1/ For too long, crypto and open source developers in the US have been living under a cloud of doubt. That uncertainty ends today, with an emphatic statement from the DOJ that *shipping code is not a crime.*

How the fuck did an LPD (USS New Orleans) 1) catch on fire from an electrical panel and more 2) so badly that we needed 3 Japanese tugboats to assist in putting out a large fire. Damage control is a BASIC NAVAL TASK. If you can't deal with a fire in peacetime, no hope in war.

It will not shock you to learn the ban on Airbnb was led by political contributions by the hotel industry, and led to increased hotel rates Somehow the neo-Brandeisian antitrust types are silent here

Hard to think of a worse way to shoot ourselves in the foot than kicking out foreign students after they graduate. Being a magnet for global talent is one of our country’s greatest strengths. And we’re on the verge of throwing it away for nothing.

The framers were entirely comfortable and protective of trustless peer to peer money transfers. They called it cash passing hands. They understood the risks of illicit finance but saw greater value in the notion of financial privacy. So should we.

HAHA, wow Wormhole put in a last minute counter-bid against LayerZero to acquire Stargate, which the LayerZero team originally launched. This while in the middle of $STG holders voting on the LayerZero buyout. Have we entered a protocol M&A bull market? This is gonna be fun.

Scientists at the University of Florida have created a breakthrough mRNA cancer vaccine that erased deadly brain tumors in early human trials without chemo or radiation. Tested on four glioblastoma patients, the vaccine reprogrammed their immune systems within 48 hours to attack the tumor. Built from each patient’s own tumor cells and delivered via lipid nanoparticles, it showed success similar to earlier tests in mice and dogs. It is now moving into Phase 1 pediatric trials.

Amazing to see @AragonProject leading the way in bringing privacy to governance.