Cointime

Cointime

Download App
iOS & Android
Home / Point

Coinbase CEO: Department of Government Efficiency (DOGE) is a once-in-a-generation opportunity to increase economic freedom in the United States

 Coinbase CEO Brian Armstrong wrote on X that the Department of Government Efficiency (DOGE) is a rare opportunity to increase economic freedom in the United States and restore the health of government scale. The expansion of democratic government has brought adverse effects (by promising more free things to win elections). We need a constitutional amendment to limit total government spending (such as 10%), or find a way to coordinate incentives (Buffett once proposed that an unbalanced budget would disqualify all congressional members who voted for it from being re-elected).

Comments

All Comments

Recommended for you

  • CryptoQuant founder: Meme coins currently dominate because most altcoins lack fundamental narratives

    Ki Young Ju, founder and CEO of CryptoQuant, wrote on X platform that cryptocurrency traders are like gamers, and Web3 projects are their game developers. Creating immersive experiences in Web3 is more about art than business, and for dopamine-driven individuals, making money is the ultimate game. Currently, meme coins dominate because most altcoins lack a strong fundamental narrative, but a stablecoin-driven Web3 ecosystem is emerging - this is a new genre for analytical investors, just as RPGs are different from FPSs. This future is already close, and those who are eager to delve into it and find alpha through on-chain data.

  • Court agrees to suspend appeal in Trump's classified documents case

    on the 16th local time, the United States Federal Appeals Court approved Special Prosecutor Smith's request to suspend the appeal of the case involving U.S. President-elect Trump's confidential documents. This is part of Smith's gradual end to the two cases against Trump, as the U.S. Department of Justice has long-standing policy of prohibiting criminal prosecution of a sitting president. Since Trump won the 2024 U.S. presidential election and will assume the presidency in January 2025, Smith said he requested a suspension of the appeal "so that the government has time to assess this unprecedented situation and determine the appropriate path in line with the Department of Justice's policy."

  • Economist: ETH/BTC fell to a more than two-year low after the US election, and its performance was more brutal than expected

    macroeconomist Lyn Alden stated in a post on X that "I have always been a polite long-term bearish on Ethereum, but the performance of ETH/BTC after the US presidential election is even more brutal than I expected. The new government, which is open to encrypted securities, won the election. ETH/BTC first rose and then fell, but set a new low after the good news arrived." TradingView data shows that on November 15th, less than two weeks after the election, the ETH/BTC exchange rate fell to its lowest level since March 2021 (0.033).

  • DEXX wrote to hackers: If the funds are returned within 24 hours, a bug bounty will be provided, otherwise enforcement action will be taken with the police

     DEXX, the on-chain trading terminal, released an open letter to hackers on X: We have received strong support from security agencies, partners, and trading platforms to find the stolen tokens. We have also monitored your address to freeze the stolen funds in a timely manner. We request that you resolve this issue within the next 24 hours, which will prevent us from taking any further action.

  • Musk backs Lutnick against Bessant in Treasury race

     Elon Musk stated on X that Bessent is a "business as usual" choice, and if Howard Lutnick is elected as the US Treasury Secretary, he will "truly drive change". Business as usual is leading to bankruptcy in the United States, so we need to make a change. (Sina Finance)

  • Department of Government Efficiency (DOGE): US tax code must be simplified

    official X account of the Efficiency Department (DOGE) of the government released a tweet: In 1955, the US tax law was less than 1.5 million words. Today, the number of words has exceeded 16 million. Due to this complexity, Americans spend a total of 6.5 billion hours preparing and filing taxes each year. This must be simplified.
  • Chainlink ·

    Chainlink Unveils Monumental Upgrade To Power Onchain Finance

    In his recent SmartCon 2024 keynote, Sergey Nazarov explored how TradFi and DeFi are converging into a single unified Internet of Contracts through Chainlink. This post is based on his presentation.
    Chainlink Unveils Monumental Upgrade To Power Onchain Finance
  • CointimeSG ·

    ON–291: Real World Assets 🌍

    Coverage on BUIDL, PAXG, BCAP, and Maple
    ON–291: Real World Assets 🌍
  • CointimeSG ·

    State of Sui Q2 and Q3 2024

    Sui introduced the Mysticeti consensus mechanism, reducing consensus latency by 80% to 390 milliseconds under 100,000 transactions per second. Sui integrated with Circle’s USDC and plans to integrate with Circle’s Cross-Chain Transfer Protocol (CCTP). This integration contributed to a 139% QoQ increase in Sui's market cap to $4.8B, ranking it 21st. The number of active addresses peaked at 2.2 million on May 30, 2024, the same day a token unlock released 9.3% of total tokens vesting. This surge in activity likely resulted from the influx of newly unlocked tokens, triggering increased trading and transfers.
    State of Sui Q2 and Q3 2024

  • Fed's Collins: Will not rule out easing policy in December

    Collins of the Federal Reserve stated that the possibility of loosening policies in December cannot be ruled out. The current economy is in a very good state, and moderate easing is appropriate in terms of time. There is no evidence of new price pressure, and tariffs may become a driving factor for inflation.

Daily Must-Read

Popular Activities

Delysium $AGI & AI Private Yacht Party

Delysium $AGI & AI Private Yacht Party

March 27 - March 27
Seoul

Popular Tags

Cointime
News
Contents
RSS
Company