and obviously CT personas would just be initial GTM, anyone on earth can permissionlessly create their own ETFthe limiting factor ofc is that I think this has to all be done on one protocol to minimize counterparty risk of custody, bridging, complexity etcbut in a world where SOL has 80% of all assets (aspirational), this workscould also probably do it with perps ...

solayer freezing stolen $layer tokens just exposed that most spl tokens have multisig freeze authority. usdc, usdt, and dozens of governance tokens can be frozen by 3-5 people at any moment. the market hasn't priced in this counterparty risk. tokens with freeze authority should trade 20-30% below truly permissionless equivalents but they don't. check your holdings. ...

Market Trends & Risks - Banks are wary of crypto primitives like stablecoins due to potential impact on their business [1] - Stablecoin issuers are restricted from paying interest due to lobbying efforts, impacting market dynamics [1] - A potential financial crisis could drive individuals to self-custody solutions to limit counterparty risk against banks [1] - Banks may impose restrictions on withdrawals and CEXes to limit consumer deposit flight during a financial crisis [1] Regulatory Landscape - The new GENIUS Act bars stablecoin issuers from paying interest or yield to holders [1] - Regulatory actions and political figures could exacerbate the impact of a financial crisis on the crypto market [1] Investment Opportunities & Strategies - Increased demand for self-custodied and private money is anticipated in a financial crisis scenario [1] - Hardening private money systems in crypto is crucial to prepare for potential financial instability [1]

Regulatory Landscape & Banking Influence - The banking sector actively lobbies against crypto initiatives like stablecoins that offer interest, fearing competition and potential business disruption [1] - New regulations, exemplified by the GENIUS Act, restrict stablecoin issuers from paying interest to holders due to banking lobbying efforts [1] Financial Crisis & Self-Custody - A potential financial crisis could drive individuals to seek self-custody solutions to mitigate counterparty risk associated with banks [1] - Banks may impose restrictions on withdrawals, potentially through centralized exchanges (CEXes), to prevent consumer deposit flight during a financial crisis [1] Private Money & Political Influence - Demand for self-custodied and private money solutions is expected to increase significantly in scenarios where banks attempt to control access to funds [1] - The severity of potential financial restrictions and regulations on crypto could be exacerbated depending on the political climate and regulatory figures in power [1]

Market Sentiment - The market is signaling a significant underlying issue, moving beyond retail inflation concerns and focusing on counterparty risk [1] - Gold's surge past $4,100 indicates a potential crisis prevention mode within the system [1] Asset Performance - Gold is rallying strongly while oil prices are dropping, the dollar is holding steady, and long-term Treasury yields are falling [1]

I spoke to the Cool Weave CEO last night and I basically put to him that all of the people in this ecosystem are writing checks they can't cash. The demand is there, but their ability to pay for it, the infrastructure needs to be built. Maybe it's not.And you make a really smart case on just how wide some of the losses are with all the spending as as much as they have momentum and what they're doing and what they're in financial terms is called is counterparty risk, that if you are selling, if you are build ...