Lead Institutional Research @block_stories
Paris, France
Joined March 2016
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.@qivaliseu may well be the project that finally kickstarts the euro stablecoin market.
While Christine Lagarde, President of the European Central Bank, continues to express persistent skepticism toward stablecoins, around 40 European banks are preparing to launch one together.
Louis Tellier | Blockstories retweeted
L’immense succès de Mélenchon dans la jeunesse trahit une réalité simple :
la jeunesse est totalement dans la merde, et personne ne lui propose des perspectives d’avenir. (À part Mélenchon qui en gros propose de sortir le chéquier alimenté par « les riches »)
On a déjà abondamment parlé du fait que nous vivons en gerontocratie et que donc tous les meilleurs postes et le meilleur immobilier ne se transmet désormais plus que de septuagénaires à quinquagénaires.
Que le système de retraite boursouflé se traduit par des cotisations exagérément élevées qui ne se traduiront jamais par une retraite de même niveau pour les jeunes.
Que le niveau moyen d’imposition fait qu’il est désormais impossible de devenir riche par son travail, et que donc les inégalités d’héritages deviennent des inégalités perpétuelles de statut social, comme au 19e siècle.
Mais le plus flippant qui échappe à la plupart des politiques parce qu’ils sont loins du sujet, c’est la grande peur de l’IA.
Aux États-Unis, l'emploi des 22-25 ans dans les métiers exposés à l’IA est déjà environ 19 % sous sa trajectoire.
L’impact de l’IA, ce sont des entreprises qui vont de moins en moins embaucher, avec des insiders - donc des vieux - protégés en priorité.
Que va faire cette jeunesse sur-éduquée et inemployable ?
La jeunesse attend que quelqu’un leur explique à quoi pourrait ressembler une vie désirable et juste en France dans les décennies qui viennent.
Quelles règles du jeu il faudrait suivre.
Parce que clairement le vieux deal de faire des études pour avoir un bon job, économiser pour acheter un appart, et gravir les échelons au mérite, ça n’existe plus.
Et absolument personne aujourd’hui sur la scène politique n’est à la hauteur.
Louis Tellier | Blockstories retweeted
LOL. CME announced at 5pm Friday that it’s dropping plans for 24/7 oil trading over concerns about… staffing. Thought nobody would notice.
Extreme post, but this is the road that we are taking. Definitely.
I'm French 🇫🇷.
I was born in Paris.
I spent 25 years there.
But now: I don't even want to know what happens in that hellhole 💀⚰️.
Not “troubled.” Not “declining.” Not “going through a difficult period.”
No. A HELLHOLE.
A country where everything is dirty, expensive, hostile, bureaucratic and permanently dysfunctional.
You pay absurd taxes for public services that increasingly behave as if providing a service were an unreasonable personal request.
Paris is noise, aggression, filth, traffic, strikes, scaffolding, sirens, queues, broken infrastructure and the constant sensation that every basic task has been deliberately redesigned to waste your time.
Nothing works without friction.
Nothing happens without paperwork.
Nothing can be fixed without a committee, a consultation, a union dispute, three administrative layers and somebody explaining why expecting normality is politically problematic.
The state takes more, delivers less, and compensates for the difference with lectures.
Every few weeks something burns, something stops running, somebody blocks something, somebody smashes something.
France is sinking into barbarity.
I spent 25 years there.
That's enough.
Louis Tellier | Blockstories retweeted
Parce qu’on ne fait pas de Bitcoin mining.
⚡️ Avec 520 heures de prix négatifs sur les marchés, la France produit trop d'électricité. Mais alors, pourquoi nos factures ne baissent-elles pas ? 📉🤔
👉 Les explications de @NicolasDOZE dans "Doze et l'éco"
Louis Tellier | Blockstories retweeted
Since the advent of Bitcoin in 2008, the crypto asset market has grown from a niche curiosity into a multi-trillion-dollar asset class to which investors actively seek exposure. Unfortunately, our rules and regulations have not kept pace.
To that end, today’s proposal would provide a clear regulatory framework for the custody of crypto assets, giving investment advisers and funds a compliant pathway where none existed before—and replacing the grey of uncertainty created by custody rules crafted for a bygone era.
In the future, your bank will have to ask you whether the money you deposit can be used as part of its fractional reserve system.
And some banks will actually start sharing the yield with you more fairly than they do today
Louis Tellier | Blockstories retweeted
Mein Sohn wollte unbedingt eine neue Konsole, 450 Euro, und hat mich gefragt, ob ich ihm das Geld vorstrecken kann, er würde es auch von seinem Taschengeld zurückzahlen.
Ich dachte mir, das ist eigentlich der perfekte Moment, dem Jungen mal beizubringen, wie die echte Welt funktioniert.
Also hab ich ihm einen Ratenkredit gemacht, 450 Euro, 24 Monate, 8,9 Prozent effektiv, keine Anzahlung, ganz sauber mit Vertrag, den er unterschrieben hat, und seine Mutter als Zeugin, die allerdings nur unterschrieben hat, damit endlich Ruhe ist.
Das sind 20,54 Euro im Monat, über die Laufzeit zahlt er 492,96 zurück, davon knapp 43 Euro nur Zinsen.
Bei 25 Euro Taschengeld bleiben ihm jetzt jeden Monat 4,46 Euro zum Leben, was ungefähr dem Verhältnis entspricht, das die meisten Erwachsenen mit ihrem Autokredit auch haben.
Jetzt kommt der Teil, den er nicht bedacht hat, denn irgendwann in der Laufzeit kommt garantiert ein neues Spiel raus, das er unbedingt haben muss, und dann hat er für die Konsole zwar bezahlt, aber keine 70 Euro übrig, um irgendwas drauf zu spielen.
Bei 4,46 im Monat spart er fast sechzehn Monate auf ein einziges Spiel, also ist er ziemlich genau am Ende der Kreditlaufzeit so weit, sich das erste Spiel für seine abbezahlte Konsole zu leisten.
Er meint, ich wäre der schlimmste Vater der Welt, und ich hab ihm dann gezeigt, dass die Sparkasse bei seiner Bonität 11,9 genommen hätte, da war er dann etwas ruhiger.
Sowas nennt man Finanzbildung. 🐴
Louis Tellier | Blockstories retweeted
Only on @CoWSwap — if you submit an order, 20+ solvers will compete and try to squeeze out the last penny for you by finding the wildest route to settle your trade.
We really are living more and more in a world without any bearings.
Now, Americans are becoming Europeans.
Crazy times.
Louis Tellier | Blockstories retweeted
Open source will win the market for strategic financial infrastructure. That is why we are open-sourcing the core of Prividium today. The German Central Bank 🇩🇪 is the first institution to deploy it independently in its own environment.
Sovereignty begins with the freedom to leave
Putting software in an institution’s own data center gives it physical custody, but that alone is not sovereignty. If the institution still depends on the vendor to maintain and evolve the system, it holds the hardware while the vendor controls the future. The real test is simple: can the institution keep operating after the relationship ends?
Making the code public makes the right to leave real. A contract can promise continuity; public code lets the institution secure it for itself. The institution can replace the vendor without replacing the system.
Institutions must control their own rules
A permissioning engine determines who can enter a financial system and what each participant can do. These are the institution’s policies expressed in software. When the vendor controls that software, the institution depends on the vendor to enforce and change its own rules.
Opening the Prividium permissioning engine places those rules under the institution’s control. It can inspect the logic, change it and run the complete core independently. Sovereignty now extends from the infrastructure to the policies that govern every participant inside it.
Open infrastructure will win
Open-weight AI is already winning deployments it loses on benchmarks. Some institutions prefer a model they can run and adapt to a more capable model available only through a supplier. Model rankings change every few months; the ability to operate independently survives the ranking.
A closed financial platform can grow only as far as institutions are willing to accept its owner as a permanent dependency. Open source removes that ceiling. Institutions can adopt the same infrastructure without tying their continued operation to the same company. Institutions that would never agree on a vendor can still converge on an open standard, bringing more of the financial system onto ZKsync.
Louis Tellier | Blockstories retweeted
My very first reaction to Ethena Pay was skepticism.
But after some research, I think it’s pretty smart and I really do wonder how this development impacts traditional banks and fintechs.
Louis Tellier | Blockstories retweeted
Building a tokenized securities venue is one thing. Connecting institutions to it is another.
As @tZERO Chairman and CEO @Alan_Konevsky told @block_stories:
If I’m a broker-dealer and I’m looking to get access to a tokenized public equities platform, I’m going to need someone to help me custody these shares on behalf of my customers and be a gateway to the platform.
That’s where tZERO’s regulated infrastructure comes in as we all work to determine what it will take to connect broker-dealers, digital transfer agents and other institutions to tokenized public markets.
Read the full story: blockstories.io/b/nyse-selec…
Louis Tellier | Blockstories retweeted
Local men with no coding experience using Codex + Raspberry Pis (RPI LN) to turn their home batteries into automated energy traders, buying power when it’s cheap and selling it back to the grid when prices spike.
Louis Tellier | Blockstories retweeted
ICE cannot tokenize markets alone because while it controls the exchange, matching engine, & some rules, progress still depends on coordination with depositories, issuers, brokers, & cash providers…
DTC has begun tokenizing shares that already trade on NYSE, but cash settlement has not yet moved fully onchain.
Thanks for the feature, @block_stories !
