There is far more outrage from tech leaders over a wealth tax than masked ICE agents terrorizing communities and executing civilians in the streets.
Tells you what you need to know about the values of our industry.
@sircalebhammer@JSeyff The “Other” spend of 254 billion is bigger than transportation but the way it’s drawn out in this diagram doesn’t depict the correct picture.
Is there a better way to follow certain topics on X not on a curation basis but relevance and importance basis ?
The current crude method is to follow the experts but also be ready to get their other personal interests show up on your feed.
🚨 Why is everyone talking about stablecoins?
Is this another scam cycle or something new?
On thursday @jack's @blocks announced expansions to both Bitcoin and stablecoins (at least USDC) across all of it's point-of-sales.
That's big news, but it's not the only news stablecoins have been making this year.
This past summer (some have called it stablecoin summer), Congress passed the comprehensive so called 'Genius Bill' fully deputizing private dollar issuance (pay attention to that name).
That's a big deal. We got a stablecoin bill before we even got true regulatory clarity on how crypto payments work.
So what's going on? How did we get this bill? Have people started using stablecoins more than Bitcoin? Where are the pressures coming from?
Compressing history a bit, let's just talk about where we are. According to explorer.money/analytics, Tether alone has had $71 Billion dollars of volume over the last 24 hours.
Let that sink in. That's around $25.9 trillion in volume worldwide.
These are frankly, insane numbers. Tether has found incredibly pmf in other countries from everything from remittance to day-to-day payments.
But how did we get from successful grocery payments in Asia to a congressional bill in the US?
Tether is the most profitable company by headcount in world history. And has put that money to good use buying lobbyists and US debt.
Tether now owns more US debt than Saudi Arabia, Germany, South Korea, and many others.
x.com/paoloardoino/s…
Now this is where it gets wild. They've used this enormous influence to get the Genius Bill passed.
The so called Genius Bill is simple. It legalizes the issuance of USD crypto stablecoins as long as the stables are backed 1:1 by assets like US Treasury bills (T-Bills).
Purchasing T-Bills is like lending the Fed money (and they'll pay you back interest, this is what fundamentally underpins the US economy).
In other words, the Genius Bill creates a machination where the government makes money without selling to China and private companies push the US Dollar overseas (to places like China/Russia).
The more money the gov makes, the more powerful this new economic weapon. Genius.
Normally consumer behavior dictates new product functionality, but we have this weird new incentive being pushed from the other direction. The government is giving away free money to make even more money (stables can have a lot of interesting fee generation methods).
So now every major institution is scrambling to figure out if there's a way to make stablecoins fit into their infrastructure.
JPMorgan's CEO Jamie Dimon has switched gears and fully embraces stables.
An entire industry has sprouted in 2025, issuing loans to Bitcoin/Ethereum holders so they can maintain exposure to Bitcoin while taking advantage of the stable hype (many new stables are offering ludicrous rates).
Currently, there are hundreds, if not thousands of stable projects. If there was ever a time to get into the space it's right now.
While I'm not super happy to see crypto be co-opted by this mechanism, I can't lie it's very fun to watch the incentives play out. Right now it's like the "Free Banking Era"of the United states.
Everyone's issuing their own whacky stable, and it'll lead to a bit of chaos. Over time, we'll see projects consolidate and winners emerge.
Hopefully by then, we'll finally have the coveted same minute settlement in our native banking app.
This is a kick-the-can-down-the-road solution, and we've seen it before in Japan, and it was CRAZY.
In the 80s real estate prices in Tokyo were high, so they started offering 50-year mortgages to make things "more affordable..." if you stretch the loan, the monthly payment looks easier. But it's just extra leverage and we know what happens with leverage...
Prices went insane. At the peak, a single 0.44 square mile parcel in central Tokyo was valued more than all real estate in the entire state of California. The total land value of Japan exceeded that of the entire United States many-fold.
Then the bubble burst, and it was BRUTAL. Prices in Tokyo fell 60 to 80%. Tokyo real estate today is still > 50 percent cheaper than it was in 1989. Many buyers from that era never recovered their equity. Banks spent years holding bad loans, and the broader economy stagnated.
Longer mortgages did not make housing affordable. They made prices higher, slowed down equity accumulation, and left households more exposed when prices fell. The crash was deeper and the recovery was longer because everyone had borrowed too much.
For most people in the US, the house is the retirement plan. At retirement ~75% of the median Americans net worth is their primary residence. The 30 year mortgage aligns with people's lives - it pays down fast enough that they own their home by the time they stop working.
A 50 year mortgage changes that. Equity builds slowly. Leverage stays high. People remain exposed for longer. I like that we are thinking outside the box but this doesn't solve affordability, it hollows out the main wealth-building mechanism for the majority of the population and will have other bad implications IMO
The only solution is to build more! We need supply-side solutions not induced demand, c'mon.
@MarioNawfal@elonmusk@grok how does the lithium iron phosphate batteries manufactured by Tesla compare to the lithium batteries quantumscape plans to scale and mass produce
91 Followers 3K FollowingCrypto is Macro Now newsletter on S-bst-ck || former MD of Research at CoinDesk, Head of Market Insights at Genesis Trading || never investment advice!
715 Followers 6K Following🐂🆚🐻 Who will prevail in the volatile world of crypto? Join us on https://t.co/GTXxwb9dVC as we witness the epic battle between bulls and bears for market dominance!
206 Followers 4K FollowingI like skiing, the adrenaline rush when sliding makes me very excited, I like traveling, I am single, and I like making friends
34 Followers 740 FollowingTarafbet canlı casino son bahis adresine erişim sağlamak için anasayfada bulunan butona tıklayarak giriş sağlayabilirsiniz. Tarafbet Twitter da!
28 Followers 773 FollowingMariobet canlı casino son bahis adresine erişim sağlamak için anasayfada bulunan butona tıklayarak giriş sağlayabilirsiniz. Mariobet Twitter da!
25 Followers 752 FollowingPortobet canlı casino son bahis adresine erişim sağlamak için anasayfada bulunan butona tıklayarak giriş sağlayabilirsiniz. Portobet Twitter da!
29 Followers 739 FollowingSekabet canlı casino son bahis adresine erişim sağlamak için anasayfada bulunan butona tıklayarak giriş sağlayabilirsiniz. Sekabet Twitter da!
38 Followers 791 FollowingSekabet canlı casino son bahis adresine erişim sağlamak için anasayfada bulunan butona tıklayarak giriş sağlayabilirsiniz.
https://t.co/s24fj7adj6
1K Followers 79 FollowingA nerd who hails from Hong Kong, grew up in Canada, and has transplanted to Seattle. Loves all things engineering, knitting, yoga, and shelter animals
22K Followers 175 FollowingOur students love school, learn 2X fast, and learn life skills.
See all of our locations in AZ, CA, FL, NC, NY, TX, VA: https://t.co/xcT4pIJ7HH
31K Followers 160 FollowingAI infrastructure that developers love 💚
Run inference, sandboxes, batch processing, training, and many other things on Modal
2K Followers 90 FollowingMarathon is a venture capital firm that invests in founders who are obsessed with defining their categories. @gokulr @mbgilroy @alexgorgoni @ChaseAPackard
127K Followers 847 FollowingFounder and CEO @HaunVentures. Alum @Coinbase Board, @a16z, @TheJusticeDept, @Stanford, @USSupremeCourt w/Justice Kennedy. Teach from time to time @StanfordGSB.
163K Followers 5 FollowingMakers of Devin, the first AI software engineer. We are an applied AI lab building end-to-end software agents. Join us: https://t.co/4Ss9hvpjRG
59K Followers 3K FollowingFellow @jinsadc. Truth waits for eyes unclouded by longing.
Author of the best-selling Substack: TAM
Here I stand. I can't do otherwise. God help me.