
Blockchain and Digital Assets @RSMUSLLP
Golden, CO
Joined July 2011
- Tweets1.7K
- Following1.9K
- Followers371
- Likes3.2K
skipcarlson.eth retweeted
My kids now have to solve age appropriate math problems before each episode of Bluey, thanks to the miracle of AI reverse engineering and upgrading my TV 🔥🔥🔥
🇺🇸💸
Dear Secretary Bessent @SecScottBessent,
My name is Everett Stern. In 2010 I was a compliance officer at @HSBC. From a back office in New Castle, Delaware, I watched billions of dollars move to drug cartels, sanctioned regimes, and terrorist organizations. The enemies of the United States. I documented it, I escalated it, and when the bank would not act, I took it to the @FBI, the @CIA, and eventually the @SECGov.
The result was a $1.92 billion settlement. At the time, it was one of the largest in American history. It was also about five weeks of the bank’s profit. Not one banker was charged. Not one went to prison.
I paid a different price. I lost my career, my savings, and my place in the industry I had trained for. I was blacklisted. Every door in American finance closed at once. I slept on a camping cot in a 300 square foot apartment because I could not afford a bed, and I waited tables at @PFChangs to eat. I tell you this not for sympathy, but so you understand that I know exactly what it costs to do the right thing in American finance, and exactly how little the system does in return.
I made that sacrifice because I believed it would change something.
Yesterday, your department fined @BankofAmerica $1.2 billion for failing to report more than $5 billion in suspicious transactions, some of it tied by your own findings to Chinese laundering networks, narcotics, and the southwest border, alongside 475 apparent sanctions violations touching Russia, Iran, and global terrorism. The bank admitted it willfully violated the Bank Secrecy Act.
Fourteen years after HSBC. A bank with “America” in its name. And once again, not one individual charged.
Secretary Bessent, I want to say plainly what I believe you already know. The fines are not working.
A fine is paid by shareholders, absorbed by the balance sheet, and forgotten by the next earnings call. Bank of America reported earnings this morning. Nobody who set the alert thresholds, nobody who decided the 2024 cease and desist could wait, nobody who chose the backlog over the law will lose a single thing they value. Their lives are untouched. That is the entire reason the behavior repeats.
This is money laundering. This is blood money. Money that reaches a cartel buys fentanyl that kills Americans. Money that reaches a terrorist organization buys the next attack. This country has fought a war on drugs and a war on terror for decades, at enormous cost in lives and treasure, and all the while we have allowed the financing to flow through institutions we charter and regulate. Cut off the money and we win. We have never seriously tried.
There is also a question of equal justice that I cannot let go.
Before I walked into the FBI building to report HSBC, I stopped in front of the Great Seal on the wall and read the words engraved beneath it: “Justice is the defense of our liberty.” I believed that. I still want to. But every day in this country, people go to prison for crimes that are nothing next to moving money for the people who want Americans dead. A suit, a title, and a corporate badge should not be a shield from the consequences that apply to everyone else. If a street dealer goes to prison for what he sells, the banker who moved the cartel’s money should be standing next to him.
I also want to raise something that is rarely said in these conversations. Why has no one inside Bank of America come forward the way I did? The answer is that everyone in American banking knows what happened to me, and to the whistleblowers who came after. The last person who spoke up is the only policy anyone believes. That is a culture problem, and it starts with leadership, in the banks and in the agencies that regulate them.
This is not a political issue. It has spanned administrations of both parties. It is a national security issue, and I am asking you to treat it as one.
Three things would change the math overnight.
Refer individuals for criminal prosecution. Not the analyst in the queue. The executives who set the thresholds and chose the risk. One banker in handcuffs would do more than every fine in Treasury’s history combined.
End “too big to jail.” An institution cannot be too big to fail and too big to jail at the same time. If it is the first, it must be held to a higher standard, not a lower one.
And if Bank of America will not act as America’s bank, review its charter. A national charter is a privilege granted on behalf of the American people. It should be conditioned on not moving money for the people trying to kill them.
Secretary Bessent, you said yesterday that these actions send a clear message that even the biggest institutions are not above the law. With respect, the institution was never the problem. The people inside it are above the law, and they know it. Until that changes, I will keep writing letters like this one, and the next bank will keep paying the next fine.
I gave up everything I had to stop this. I am asking you to use the power you have to finish it.
Respectfully,
Everett A. Stern
HSBC Whistleblower
Founder and Intelligence Director, Tactical Rabbit
skipcarlson.eth retweeted
Any platform can assemble a bank now:
Cards = a partner's issuing program
Balances = a partner's charter
Dollars = a stablecoin
Payouts = an API
Brand and margin = yours
The economic unit keeps shrinking. Soon a bank is one person with a logo.
A true man
apnews.com/article/nobel-pri…
skipcarlson.eth retweeted
Behind the scenes, there is a herculean effort to launch something new at @glider__
We can't share "what" yet, but @johnjohnson, @marcos_0x, @opatavi, @SabaawiMohammed, @dylandesrosier are cranking out so much code.
Get ready. 🦇♾️
skipcarlson.eth retweeted
Pooling capital in a vault so someone else manages it without your control isn't novel. That's just banks and funds.
Smart contracts let every user access tokenized and onchain strategies directly.
Why share a vault when you can have your own? @ground_onchain
Who are these independent 3rd parties and underwriters of original payment advances ?
People are asking me why we built the first version of Finality on @tempo
Simple:
- great ux with stable gas, passkeys and memos
- clear need for chargebacks for existing users like stripe
- codex told me to
Gloves off
go fuck yourself @sama
claiming that you solved navier stokes because 10000 agents ran in circles for 88hours on a multimillion dollar gpu cluster to formalize in lean a blowup case under controlled external forcing is pure scientific vulgarity the clay mathematics institute millennium prize does not ask m whether you can artificially force a singularity in a fluid by injecting an ad hoc smooth external forcing term f(x,t) to twist the vortex until it breaks the real problem questions the fundamental stability and global smooth existence for 3dimensional incompressible euler & navier stokes equations under natural conservation laws and viscous dissipation alone using a mathematical loophole on forced equations to parade a century old victory is a major conceptual scam Altman
technically & epistemologically what you present as an agi breakthrough is nothing more than bruteforce combinatorial autoformalization the ai did not understand fluid mechanics it simply navigated a continuous search space previously mapped out and constrained by the monumental work of human mathematicians like tristan buckmaster/ levent alpöge / diego córdoba or tarek elgindi coordinating 10000 agents to check the logical consistency of a 100 page proof via lean is a software engineering feat and computational parallelization triumph not an intrinsic scientific discovery it is the victory of the compute bulldozer over abstract human intuition repackaged for the public as a higher mathematical consciousness
to this theoretical imposture you add a disgusting ethical and industrial cynicism taking advantage of private codex sessions and informal preprints from academic researchers to siphon their research leads and then trying to redact or erase the contribution of levent alpöge under the pretext that he works at rival anthropic is intellectual serfdom openai behaves like a feudal lord of silicon appropriating the cognitive subsistence of independent scholars threatening their careers behind closed doors if they protest and turning community academic labor into a privatized pressrelease
this entire staged event serves a desperate financial agenda in a pre ipo panic facing the slowdown of scaling laws and growing investor skepticism over the profitability of foundational models openai needs to manufacture an artificial sputnik moment claiming to solve a millennium prize without immediately submitting the proof to traditional peer review means using the prestige of fundamental mathematics as cheap marketing fuel to inflate a delusional valuation!!!
real science is not a clout chase on social media or a compute spike spent to rob the clay mathematics institute it is a quest for elegance physical truth and universal rigor to decode reality true artificial intelligence will not emerge from hostile corporate takeover of academic work hidden behind computational bruteforce but from architectures capable of generating new conceptual paradigms by masquerading constrained formalization as the collapse of physics greatest mysteries you did not solve navier stokes you only proved how far silicon valley will go to prostitute scientific integrity for capitalist spectacle
skipcarlson.eth retweeted
The fomo app has been charting in the finance category, if you are like me you probably wondering how it started trending and how organic it is.
So I got my hands on a bunch of download data for fomo to better understand how they are doing it.
It's clear they are running a sophisticated user acquisition strategy - putting that $17M from Benchmark to good use. Let's dig in👇
skipcarlson.eth retweeted
Morgan Stanley just published an @ethereum primer.
Not an ETH price target or a trading thesis.
A primer on Ethereum as infrastructure for stablecoins, tokenized assets, payments, settlement, lending, and financial applications.
Assets converge where the liquidity is.
Liquidity converges where the assets are.
Institutions converge where both already exist.
Ethereum has spent a decade compounding all three.
Those network effects can't be replicated.
Institutions building the future of finance are choosing Ethereum.
skipcarlson.eth retweeted
New from CCI, @lathamwatkins, and @GlobalDigitalFi: our UK Policy to Practice report wraps our annual London convening of regulators, firms, and policymakers.
The next 12-18 months will decide whether the UK secures its seat at the global digital assets table. The report outlines the key themes to watch and what could be next.
cryptoforinnovation.org/uk-p…
skipcarlson.eth retweeted
Citadel, is one of the most significant hedge funds, and they just dropped tokenomics …
And it’s not what you would have expected
skipcarlson.eth retweeted
BlackRock CEO Larry Fink: Countries are racing to launch their own stablecoins
“Every member of our government needs to wake up to the idea that these deficits are threatening our future and the value of the dollar. Let’s be clear, if we were not the country whose currency is the currency of the world, we would not be able to have these deficits… it is a privilege, not a right. I think too many men and women in congress think it’s a right, not a privilege, and I think we’re jeopardizing that right.”
Larry Fink points out that crypto is creating a credible alternative to the dollar:
“I was in Asia two weeks ago, and the countries are all talking about creating their own stablecoins because they’re worried about the increased dominance of a dollar stablecoin worldwide. So they’re all going to start their own.”
And when regulated institutions and sovereigns need neutral global rails to issue these stablecoins, they’re overwhelmingly choosing Ethereum Mainnet (which already hosts $168 billion in stablecoins — 55% of the global market).
Hong Kong’s regulated HKD stablecoin went live on Ethereum this month.
Twelve of Europe’s largest banks are launching a euro stablecoin on Ethereum later this year.
Australia’s largest bank has been issuing AUD on Ethereum since 2022.
A few weeks ago, the Japan Blockchain Foundation announced plans to launch a Yen stablecoin on Ethereum.
Video source: @CPIWealth (Aug 2025)



























