@davidmarcus @pmarca @joerogan Terrible story arc, but great leadership by you all the way through it
@davidmarcus @pmarca @joerogan Thanks for this detail. You spent a lot of time and money to learn why Cypherpunks didn’t ask for any permission to build Bitcoin.
@pablos @pmarca @joerogan True. FWIW my initial intent was to build on Bitcoin, but Lightning wasn’t ready for billions of users. We’re getting there, especially combined with @buildonspark. No lesson was lost along the way. This time we’re doing it right.
@davidmarcus @pmarca @joerogan 1/ I'm proud to have played a small part in ensuring Libra wasn’t approved. While its mission to “bank the unbanked” was admirable, its flawed design posed grave risks: enabling terrorist funding, destabilizing economies, and crippling central banks. Cloaking it as a “de-banked”
@bobreideverest @pmarca @joerogan That whole story you made up in your head is pure fiction. By the time Libra was ready to launch it had more safeguards than any bank enabled payment system in the entire world. Since you’re such an expert, what’s the “catch rate” of illicit activity on existing banking rails?
@davidmarcus @pmarca @joerogan I can confirm Dem leaders called Visa with similar messages. Our crypto team had to backtrack our support. There were plenty of critiques of how Libra might work but the fact that the experiment was not allowed to move forward was a huge step backwards for the USA.
@davidmarcus @pmarca @joerogan Geez @davidmarcus, that sounds familiar. Someday, like you just did, I’ll be able to tell the real story of what the Fed did to @custodiabank, and how the Fed lied to achieve Biden/Warren political aims. There is so much corruption & I’m glad it’s pouring out in public now.
@davidmarcus @pmarca @joerogan This absolutely did happen. I was working at @Coinbase at the time and I remember how hard we were working in crypto engineering to add custody support for Libra/Diem because we knew it would be a huge stablecoin with @Meta behind it. But sadly it suffered a political death for
@davidmarcus @pmarca @joerogan Thank you for sharing this
@davidmarcus @pmarca @joerogan This is exactly why we needed Trump. The system is plagued from the inside.
@davidmarcus @pmarca @joerogan I’m not denying the agency actions, but here’s what I saw when I worked the Libra hearings on the Hill as a staffer in these very meetings: 1) Yes, Libra walked so USDC/UST/etc could run but Libra’s rollout/lobbying was beyond abysmal on Capitol Hill. I’ll never forget the day
@davidmarcus @pmarca @joerogan Open money has to mean Bitcoin.
@davidmarcus @pmarca @joerogan Wait, you’re telling me the Fed is not the apolitical organization we’ve been told it is?
@davidmarcus @pmarca @joerogan Fuckers. I’m so glad you’re investing this energy in Bitcoin.
@davidmarcus @pmarca @joerogan Hey David, given your Bitcoin focus, would you consider scheduling a deep dive on Lightning on a @BitcoinFirst_ space? We have on average 7K hard core Bitcoiners per episode. Audio only, weekdays 8am-10am PST. LMK
@davidmarcus bullish
@davidmarcus @pmarca @joerogan I don’t understand why FB, one of the most powerful companies in the world, wouldn’t call out this injustice Their whole investment was destroyed; their golden goose is 1A protected Seems like something’s very wrong with FB’s compliance dept. do ex DHS run the show there ?
@davidmarcus @pmarca @joerogan Permissionless means launch before they understand what it is.
@davidmarcus @pmarca @joerogan From the outside, it looked like you made the mistake of asking for permission instead of forgiveness. Also made the mistake of creating a blockchain for something that did not need one. Even today, you soak the bad idea in "high-performance" honey. Anyway, if the world wants
@davidmarcus @pmarca @joerogan Why would the Fed chair be worried about political suicide? I thought the Federal Reserve was apolitical and independent.
@davidmarcus @pmarca @joerogan Just when we’re hitting year 15 of blockchain technology with no use case, a new excuse comes to breathe new life into the coin prices
@davidmarcus @pmarca @joerogan Thanks for sharing this!
@davidmarcus @pmarca @joerogan Sounds like a literal $GUI story. What is dead can only rise. Born to rise Made to lead Keep pushing David ❤️
@davidmarcus @pmarca @joerogan Now explain this
@davidmarcus @pmarca @joerogan And to the trolls and haters who go "there are no blockchain use cases, nah nah nah ...", this story just provided a definite answer. Libra would not have suffered this fate if it weren't seen as massively disruptive
@davidmarcus @pmarca @joerogan Precious insights that paved the way for many. The mission is even stronger today with APTOS benefiting from the brave journey. Thank you @davidmarcus 🫶🏽
@davidmarcus @pmarca @joerogan Outrageous!
@davidmarcus @pmarca @joerogan Libra’s CTO/chief scientist ended up at Chainlink Labs.
@davidmarcus @pmarca @joerogan Luckily the world now has @Mysten_Labs and @SuiNetwork 💧The team that researched and built Diem now has tech even more advanced.
@davidmarcus @pmarca @joerogan Thank you for speaking out. Sunlight. This is how we change it.
@davidmarcus @pmarca @joerogan The big banks are 🦕- already extinct but don’t know it yet.