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Apparently @NEARProtocol invented cross chain swaps everybody! WOW! No one else figured out how to get blockchains to work together before. And to do it in such a centralized way, just never been done before. The future is ~~7 years ago~~ now! Ran Neuner @cryptomanran Nov 7 Crypto has thousands of blockchains, but getting them to work together remains one of its BIGGEST challenges. NEAR co-founder @ilblackdragon believes he's found a way to solve it. From connecting blockchains to enabling AI agents to transact onchain, NEAR is building something
CB
You're only as decentralized as your most centralized component. If i have a metal titanium chain, but the center link is a paperclip, the chain is only as strong as the paperclip. I might as well have a chain of just paperclips, it would be the same strength.
2 replies·9 reposts·104 likes·3,107 views
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This is why the world needs #DeFi . If nothing else, transparency alone is a game changer for the people. Proof of reserves should be standard in any financial system. Defi is best in class for this. Paraguay seizes major digital bank tied to president, leaving millions of customers in limbo From apnews.com
4 replies·10 reposts·84 likes·2,010 views
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. @THORChain was built for people like this. To give choice and a path to financial liberty from corrupt and tyrannical govts. This happens all day every day. But these voices are quiet against the sensational story of the latest hack. Lil-king. Privacy @Lil__Kingg Nov 5 You can't claim to believe in financial freedom while depending on permission-based infrastructure to move your money. If the money is permissionless, shouldn't the means of exchanging it be too? This is something I think the crypto industry needs to think about more seriously.
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Every time there is a large scale hack, the goal is to exit crypto, through centralized parties into US dollars because thats the most effective means to launder money. These CEXes have identifying info and communication with these bad actors, and should work with law enforcement
31 replies·18 reposts·167 likes·12.9K views