Romania's Finance Ministry raised RON1 billion from banks on Thursday (Nov 26), selling government paper in two auctions, at annual average yields of 6.92% and 6.14%, respectively.
Santiago Roel Santos argues that crypto lacks true network effects and is overpriced as a result, but other experts counter that L1 network effects are present. Santiago Roel Santos, founder and CEO of crypto investment company Inversion Capital, said cryptocurrencies are not subject to positive network effects, but other experts disagree. In a recent Substack post, Santos wrote that “crypto is priced for network effects it doesn’t have.” He also pointed to the network effect valuation system, Metcalfe’s Law, saying that it “doesn’t justify crypto’s valuation” and instead “exposes it.” Santos claimed that many of crypto’s network effects are adverse, due to congestion, such as higher fees, a worse user experience, and slower transactions. “Facebook didn’t get worse when it added 10 million users,“ he said. Read more
Sogogi jeongol is a comforting and hearty Korean hot pot dish traditionally shared at the table, making it a perfect choice for gatherings with family or friends. Featuring marinated beef, vegetables, tofu and sweet potato noodles simmered in a savoury broth, this dish offers a well-balanced combination of textures and flavours. While commonly prepared by layering all ingredients in a pot and boiling with seasoned broth, starting with beef tallow and salt is also popular. This flexible dish highlights the communal spirit of Korean cuisine and is especially enjoyable during colder months. Ingredients 450 grams beef (sirloin or top round) 150 grams firm dubu (tofu) 150 grams kimchi cabbage 90 grams saesongi mushroom 45 grams green onion 60 grams sweet potato noodles Marinade for beef 3 tablespoons soy sauce 1 tablespoon sugar 1 tablespoon minced green onion 1 tablespoon minced garlic 1 tablespoon sesame oil 1 tablespoon sesame seeds Pinch of ground black pepper Broth 6 cups water 2 tablespoons soy sauce 1 table...
Sam Altman-backed digital ID project World halts Thai operations after authorities cite violations of the WLD token exchange and the Personal Data Protection Act. Authorities in Thailand have officially requested World, a Sam Altman-backed digital identity project, to suspend operations and delete all user identification data. Thailand’s Economic and Social Development Board, the country’s strategic planning agency, has ordered World to delete iris scans of 1.2 million local users, according to a statement by the Ministry of Digital Economy and Society (MDES) on Monday. The order detailed that World’s iris scanning in exchange for its Worldcoin (WLD) token violated Thailand’s Personal Data Protection Act, which governs the collection, use and disclosure of personal data. Read more
A car accident left Trevor Koverko with brain injuries. But his fortunes turned around when Vitalik handed him the Ethereum white paper. Not everyone can say they were there when history was being made. But former ice hockey star Trevor Koverko, on the mend from a serious car accident, witnessed it firsthand in his hometown. I was at a meet-up in Toronto and this guy named Vitalik was handing out documents, which turned out to be the Ethereum whitepaper. We had a cluster of really important high-profile people that came out of that time in Toronto. Vitalik, Joe Lubin and Charles Hoskinson, for example. In Canada, ice hockey is its own kind of subculture. Koverko had fallen in love with the sport at a young age, and by the time he was a teen, he was competing at the semi-pro level and moved away from home, playing to crowds of 10,000. Read more
A car accident left Trevor Koverko with brain injuries. But his fortunes turned around when Vitalik handed him the Ethereum white paper. Not everyone can say they were there when history was being made. But former ice hockey star Trevor Koverko, on the mend from a serious car accident, witnessed it firsthand in his hometown. I was at a meet-up in Toronto and this guy named Vitalik was handing out documents, which turned out to be the Ethereum whitepaper. We had a cluster of really important high-profile people that came out of that time in Toronto. Vitalik, Joe Lubin and Charles Hoskinson, for example. In Canada, ice hockey is its own kind of subculture. Koverko had fallen in love with the sport at a young age, and by the time he was a teen, he was competing at the semi-pro level and moved away from home, playing to crowds of 10,000. Read more
Furnica Hotel, located near the famous Peles Castle in the mountain town and resort of Sinaia, has been officially put up for sale by the Royal House of Romania.