LobsterDAO 🦞

25 Apr 2025 17:18

/channel/officer_cia/3067

LobsterDAO 🦞

25 Apr 2025 16:07

Next up is Roger Ver
https://decrypt.co/316387/bitcoin-jesus-pays-trump-ally-roger-stone-600000-to-lobby-against-exit-tax

LobsterDAO 🦞

25 Apr 2025 16:02

https://x.com/tier10k/status/1571864523195416579

LobsterDAO 🦞

25 Apr 2025 16:01

Come back Ian Balina, all is forgiven

LobsterDAO 🦞

25 Apr 2025 15:59

Every crypto enforcement case is going to be dropped. 2017/8 wiped clean.

LobsterDAO 🦞

25 Apr 2025 15:59

Trump is cleaning out the books

LobsterDAO 🦞

25 Apr 2025 12:20

USDC going for regulatory capture, now CT lamenting over EU's inability to have proactive MICA regs turn into any european stablecoin adoption
USDT utility first built the business before there were stablecoins out of need

LobsterDAO 🦞

25 Apr 2025 12:00

Based on the historical record, the best way to success is to start 2012, have your token name start with letter X, hire a market maker and vibe your way to 2025 with some South Korean gambler trader community.

LobsterDAO 🦞

25 Apr 2025 11:57

We are seeing similar thing happening now for Ton chain, but I heard they purged at least part of the organisation and hopefully trying to fix it.

LobsterDAO 🦞

25 Apr 2025 11:55

It makes sense from the historical point of view, as Tron started as a scam. The only reason it made is because Tether had to deploy somewhere that's not crap as Bitcoin chain, not expensive as Ethereum mainnet, and there were not really many candidates back in ~2018.

LobsterDAO 🦞

25 Apr 2025 11:51

the main node is written in java

LobsterDAO 🦞

25 Apr 2025 11:49

It's bastardised EVM. Most of EVM SDKs and libraries do not work.

LobsterDAO 🦞

25 Apr 2025 11:12

So that's what I am saying. Circle's main target with their chain should be payment-type apps and infra for most of them exist offchain. So building a runtime that is specifically designed to increase the thoroughput for such use-cases isn't really that far fetched. But yeah, that's long term play with more uncertainty. An EVM compatible L2 gets them more revenue in the short term.

LobsterDAO 🦞

25 Apr 2025 11:06

Who pays for this? Who builds it?

LobsterDAO 🦞

25 Apr 2025 11:05

Again though, I was saying it's not an ecosystem play. Circle wouldn't be trying to take generalized dapp teams away from Ethereum, Arbitrum, Fraxtal, Polygon etc. It would only be attractive for payment-type apps, the type of app that benefits from being close to the issuance+settlement action of Circle+RWAs.

LobsterDAO 🦞

25 Apr 2025 17:15

I will buy USDT for cash or via bank transfer. I would appreciate any suggestions or contacts

LobsterDAO 🦞

25 Apr 2025 16:06

https://decrypt.co/309816/token-metrics-ceo-ian-balina-says-sec-to-drop-its-case-against-him

LobsterDAO 🦞

25 Apr 2025 16:02

he’s already been cleared

LobsterDAO 🦞

25 Apr 2025 16:01

Next one is Beaxy (if someone remembers that lol)

LobsterDAO 🦞

25 Apr 2025 15:59

SEC is dropping their case against Dragonchain, which raised $20m in 2017 during the ICO craze - The Block
🏷️ SEC

LobsterDAO 🦞

25 Apr 2025 12:20

Without Tether there would be no stablecoin business

LobsterDAO 🦞

25 Apr 2025 12:17

Tether started on Mastercoin (later rebranded to Omni) because there were no other options at the time
USDT only deployed where it's being used, Tron seems to be ok as a pure payments network. I helped a VC do dd on a Nigerian payments startup and their LP was doing consistent 7 figure transfers multiple times daily
Tether has built where the natural users and demand are, their business model isn't depending on validator rewards, token incentives etc. Their treasury holdings put them above most sovereigns so they've earned their seat at the table holding the deposits of crypto degens

LobsterDAO 🦞

25 Apr 2025 11:59

I guess when you have cantor running your books and now the Whitehouse strategy, why bother spending big on a blockchain. May as well focus all efforts on securing your position in the US as it’s uncertain what happens in 3years. Spending big on a blockchain seems more of a vanity project with that context

LobsterDAO 🦞

25 Apr 2025 11:56

Tron could be a big player if they decide to do so and hire right people to execute, less of these vibes folks.

LobsterDAO 🦞

25 Apr 2025 11:51

they limped into memecoins at some point around late last year because it was about the only thing you could deploy on Tron. Since then, no-one at Tron doing any bd on new apps etc.

The only thing of worth on TRON is justlend and that’s because of the high LTV limits on TRX.

We toyed with the idea of deploying on Tron as they had lots of promises of spending on a revamp. After all they do have shit loads of native volume but no-one is seriously working on anything. Maybe they got delayed but it’s been nearly 8 months and I haven’t seen anything of substance come from their team

(other than a banana on a wall)

LobsterDAO 🦞

25 Apr 2025 11:50

If you want to build or integrate Tron, you'd be happy if you find a half page documentation, written in Chinese, from 2018.

LobsterDAO 🦞

25 Apr 2025 11:37

they will, control the railroads, control everything. Payments on Circle chain via bridge/stripe will eat mastercard/visa slowly -- just a matter of time

LobsterDAO 🦞

25 Apr 2025 11:08

Circle does. It's their chain. Just like how Solana did.

LobsterDAO 🦞

25 Apr 2025 11:06

Ya this too, the power to monetize settlement revenue aka "interchange fees" in tradfi in your stablecoin stack gives you pricing power over Visa/MC/Amex. That's a huge power.

LobsterDAO 🦞

25 Apr 2025 11:05

I guess from that angle it makes sense to build an EVM compatible L2 instead of specialized ledger solution for payment settlement.