Solana Is Cryptoeconomic Socialism | ZeroHedge

Authored by Omid Malekan,

Most people still don’t understand that the fundamental question of scaling isn’t technical, it’s philosophical.

Monolithic chains want to give the same amount of cryptoeconomic security to a $1 transaction as they do a $1 million transaction. This is highly inefficient.

Nothing else in the economy works this way. If I want to send someone a postcard, I’ll use the postal service. But if I’m sending them a highly valuable work of art (more…)

Continue ReadingSolana Is Cryptoeconomic Socialism | ZeroHedge

‘Haven For Illicit Money-Laundering’ – DoJ Charges Crypto Exchange KuCoin Over Billions In Criminal Funds | ZeroHedge

United States Justice Department (DoJ) officials unsealed an indictment against cryptocurrency exchange KuCoin and two of its founders for "conspiring to operate an unlicensed money transmitting business" and violations of the Bank Secrecy Act.

As CoinDesk reports, the DoJ said in an indictment that KuCoin and founders Chun Gan and Ke Tang operated KuCoin as a money-transmitting business with over 30 million customers but did not implement a know-your-customer (more…)

Continue Reading‘Haven For Illicit Money-Laundering’ – DoJ Charges Crypto Exchange KuCoin Over Billions In Criminal Funds | ZeroHedge