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"It's a bit ridiculous that we are blocking it on this idea that stablecoins should not generate yield for customers" Johann Kerbrat, SVP and GM of International and Crypto at Robinhood, on the stablecoin yield fight holding up the Clarity Act "I think this Clarity Act is really important....

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Tomorrow, we publish a new The Edge Podcast with Robinhood GM of Crypto, Johann Kerbrat. This clip might be the clearest articulation I’ve ever heard on why Ethereum's roadmap is working, and why Robinhood chose to build its own L2 using Arbitrum. + Ethereum offers security, with proven decentralization + New L1s = centralized databases + EVM liquidity is essential for tokenized stocks & RWAs + Arbitrum’s tech stack wins on engineering merit No edits. No spin. Just a major U.S. fintech explaining why they’re building the future of finance on Ethereum. Real validation for those of us who are long term Ethereum/ETH investors. Here is the clip and transcript for Johann answering why Robinhood chose to build its own Ethereum L2: "You see a lot of companies right now building their own L1. And for us, we felt excited about this idea where we can control anything that we want to build and we don't have to deal with any other chain to talk to or anything like that. But at the same time, creating the security of a real proper decentralized chain is extremely difficult, as you know. And we basically get that for free with Ethereum. The network has been going on for a very long time now and the security is stable and it's decentralized. And I think that's really the key two points that we wanted to have. When you look at some of these new L1s that are being created, it's not really decentralized and it's not really secure. So at the end of the day, you're basically having like a... fancy database that is probably a bit slower to use than an actual database. And so we didn't really see the value in that. With Ethereum, we get the security by default. The second thing that we get by having an L2 is that you get all this liquidity that is already part of all the EVM compatible chains. And that was also a very important decision factor for us. If we really want to bring the stock market onto the chain, we need to have this liquidity. It's not going to be possible if it's in a closed loop or in a closed chain that nobody can access and you need to have like 20 different hoops before you can bridge to that chain. So for us, that was kind of the two elements that we really wanted to focus on and that's why we decided on building on Ethereum. And then we decided on Arbitrum mostly because we love the technology. There's a few things that we are excited about. For example, Stylus. It's a way that we can basically use different language into the chain and we can build on top of that. We also like the way that they prioritize transactions that is, we think, a better way than some of the competition. And so basically we'll use the Arbitrum stack and we'll create our own L2, which will make us also compatible with all the Arbitrum chains. And so we think it's kind of the best of all the worlds. But for us, the idea is like we will start with public stock, and then we think that we can tokenize anything really, not just stocks. It can be private stock, it can be art, it can be real estate, whatever you want to think of. And so we really wanted to have a platform that is kind of easy to build on and we can keep adding on it. At the same time, we know that regulation are going to be hard on some of these products, especially when it comes to financial products. You always have different regulators. You have different rules depending on the region. If you're in the EU versus the US versus LATAM. And so we felt like we wanted to have our own layer that we could customize for these needs. And then anyone that is building on the chain will also be able to benefit from what we are building, versus just putting everything in a contract that will be just good for the people that are using the Robinhood contracts. But so at this point, we announced the chain in June. We are in private test right now, and then we'll do more announcements in the future." Subscribe for the full episode tomorrow! ► Newsletter: ► Spotify: ► Apple: ► Youtube: ► Pods:

DeFi Dad ⟠ defidad.eth

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Should Christian Nationalism and Catholic Integralism be taken seriously? Ben Sasse answers. “‘Should they be taken seriously?’ I mean, ultimately I think no — but I want to be humble about how and why we get there.” “Can people who are skeptical of a lot of Enlightenment assumptions be reasonable in making those cases? Of course. I'm pretty sympathetic to a lot of what the Enlightenment offered us in response to many of the things that had just come before. But that doesn't mean that the Enlightenment is at all a foretaste of heaven.” “I think there is a temptation right now to have an over-realized eschatology where people want to find a city that has foundations. ‘Right now, dang it, I'm ready to build it and I want it to be better and I want it now. And I want to smash the people who are in the way of it’ is tonally the way a lot of these folks talk.” “But philosophically, having a debate is one thing and claiming that they're doing practical politics is quite another. So I think it is important, without us, you know, trying to answer a lot of these questions, to at least acknowledge there are Catholic claims about integralism that a lot of Protestants seem to pine for and lust after without working through — what would that really mean?” “I just look at a lot of the debates of the last two months about women's suffrage and I just kind of want to shake my head and say, ‘Man, this is a weirdo online phenomenon.’ There is no chance on earth that any of these folks who are advancing some sub-varieties of Christian nationalism are actually thinking there's math by which they're going to end women's suffrage. And yet they talk like it. Because online, it seems really provocative to say things like that. And I don't really know what it's worth to linger on some of these silly online debates.” Watch: Listen:

Sola Media

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