4/30/2023 0 Comments Amp coin founder![]() ![]() Through custom blockchain infrastructure designed for scalability, interoperability, reliability, and usablity, Cube hardware runs and contains indexed blockchain data that connects individuals directly to decentralized networks, eliminating the need for trusted third-party intermediaries. The flagship hardware device for Andiami is a custom blockchain computer that's working title is the "Cube." Plug-and-play and similar to gaming consoles, Cubes function as both full nodes and as an individual's personal digital server. "Andiami's goal is to empower individuals while complementing & assisting technologies like Bitcoin, Ethereum, Polkadot, Cardano, Cosmos, and others to achieve infrastructure decentralization."Īndiami is designed to help enable a user-controlled internet by providing the tools for individuals to do two things simultaneously: 1) be in full control of their digital lives-their money, identity, and communication, and 2) earn rewards for effortlessly contributing network nodes that provide strength and resiliency to decentralized networks. The promise of a user-controlled internet, which some call Web3, is being hindered by ongoing centralization of decentralized node infrastructure and the persistence of Web2 business models," says Di Iorio. "The decentralized movement is at a pivotal point in its evolution. If the system had worked correctly-if Moonstone, as a Fed-regulated bank, had to share that Alameda had taken a controlling stake, and if the Fed had carried out its prudential oversight duties and dug into Bankman-Fried’s empire-then the FTX catastrophe might have been prevented or at least blunted.Andiami Unveiled: Ethereum & Decentral Founder Anthony Di Iorio's New Global Tech Project to Address Paradox of Centralization in Decentralized Technologies (CNW Group/Decentral Inc.) A spokesperson from the Fed declined to comment.Ī former Fed official, who spoke on the condition of anonymity, told me that even if Moonstone had slipped between the cracks, it was likely because as a tiny bank, it only had to file paperwork twice a year. The listed contact no longer worked there, but the kindly receptionist put me in touch with Josey Booth, the director of business operations for Farmington/Moonstone (Booth is named after the Clint Eastwood movie The Outlaw Josey Wales, the receptionist explained, lamenting my young age).īooth couldn’t clear up the mystery, although he told me the initial $1.35 million filing seemed off, and that the increased valuation was due to Moonstone’s pivot to a digital banking platform, which still doesn’t quite explain how Alameda owned less than 10%. I called up FBH to try to settle the matter. Janvier Chalopin told Protos that the seemingly small figure was because of a new, gargantuan $115 million valuation for the bank, which still doesn’t necessarily make sense given its own accounting. A review of the rules reveals that Alameda’s purchase should have tripped the alarms of presumed control.įollowing FTX’s collapse, Moonstone sought to distance itself from the Alameda purchase, clarifying in a November 2022 press release that Alameda had a “non-controlling minority common-share interest” in FBH, or under 10%. The agency, of course, has strict guidelines for what types of companies can take a controlling stake in the holding companies for Fed-regulated banks. Recall Moonstone was now a Fed-regulated bank. ![]()
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