Stephen Diehl

@smdiehl

Left this hellsite for BlueSky. bsky.app/profile/www.st…

Joined June 2010

2,936

Stephen Diehl
@smdiehl
Jan 31, 2024
Set the record straight and forget the noise. Crypto is not innovation. Crypto is gambling. Crypto is plutocracy. Crypto is financial predation. Crypto is financial libertarianism. Crypto is crime. Crypto should be banned.
a16z crypto
@a16zcrypto
Jan 31, 2024
Always a good time to set the record straight on what's actually happening in this industry.
Stephen Diehl
@smdiehl
Jan 28, 2024
> "The truth is that, whether the crypto is encased in a nice regulated wrapper and sold to you by BlackRock, or whether you buy it from a pastor who says that the Lord told him to make the sale, there is still no there there" on.ft.com/4bb1ujR
Stephen Diehl
@smdiehl
Jan 25, 2024
Most crypto scams are built on reputation laundering. You hire credible tech/legal/policy people to give you a patina of credability, but the core business is dumping illegal securities on the public. The tokens don't *do* anything, it's a pump and dump.
bloomberg.com
Pastor Got His Crypto Scam Audited
Also private market restrictions, shell companies, North Korean crypto hacking and workplace excellence.
Stephen Diehl
@smdiehl
Jan 24, 2024
The cypherpunk vision of decentralised finance has finally reached it's ultimate form — the Depository Trust Company's central ledger.
Stephen Diehl
@smdiehl
Jan 22, 2024
> "[You can] understand Bankman-Fried as he really was: Not an exception to the broader crypto culture, but a perfect illustration of it."
Antidisestablishmentarianism in crypto
From thebanker.com