Balaji
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Balaji· 2026-02-18 08:19
Fun story by @cnaut. As he notes, I was their first check in via USDC. Stablecoins allowed me to send a good sum of money internationally on Christmas Eve when banks were closed for days.He’s built a great business at https://t.co/athdqccvGA.And just raised a $250M Series C. https://t.co/7ppVp1CyYDLightspeed (@lightspeedvp):Rain co-founders on realizing stablecoins were the future:On Christmas Eve, their first angel investor, @balajis, was in Singapore. With the banks closed for the holidays, Balaji sent th ...
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Balaji· 2026-02-16 16:29
RT Josh Swihart 🛡 (@jswihart)Hi. It's a new day for Zcash!The entire former ECC team is now Zcash Open Development Lab (ZODL), and we are rebranding the Zashi wallet to Zodl.You don't need to do a thing, the app will rebrand with the next update.This is just a start. Big things to come. ...
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Balaji· 2026-02-16 09:34
Many people think of politics as a pendulum. When you point to unprecedented events, they'll respond: no need to worry, the pendulum will swing, and it'll all come back to a stable equilibrium. It's always worked out, and somehow always will.And that's true for many places, much of the time.But sometimes a political situation isn't a pendulum. Sometimes it's best modeled by Galloping Gertie, the former Tacoma Narrows Bridge. You see, that bridge started swinging from left, to right, and then further to the ...
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Balaji· 2026-02-15 17:55
LIQUIDATION CONTAGIONWealth taxes are even worse than you think. Any asset held by Californian billionaires or Dutch citizens is now at risk of experiencing forced liquidation pressure.So: it’s not just that you don’t want to hold assets as a Dutchman. You also don’t want a Dutchman to hold your assets. Because the logic of forced liquidation is contagion.Let’s think it through.(1) First, suppose there is an asset with a total market cap of $10,000, with 10 shares total, of which 1 share each is held by 10 ...