people in washington trying to figure out wth “pliny the liberator” is

"hello mortal, would you like some interest rates?"

If Bitcoin can’t survive. it should die.

The scary part about Anthorpic's Fable nerf is not that it refuses to answer biology or cryptography. It's that it foreshadows what's coming. A world where a couple companies decide what you can and cannot do. They're building a new ruling class and you're not in it...

The dumbest capital allocators in the world are in crypto. So naturally they are selling near the crypto bottom so they can buy the most over valued IPO in human history.

holy fucking shit ahahhahaha

“So basically it’s coin clipping but there is no need for physical coins or physical dollars, so it’s infinite. The coins are also private so nobody will know.”

oh no, more people got jobs than expected

btw this isn’t the first time a bug like this was discovered in zcash. last time it was disclosed after being a year in the wild and everyone lost faith and zcash went to zero for 7 years, until they found a new generation of buyers who doesn’t know the history (that’s you)

Longed $BTC Target 169k SL 69$ Take my Sl

USD remains most USED global currency. Gold becomes most RESERVED global asset. Behold the new global monetary system, where the "Store of Value" function is separated from the "Medium of Exchange" & "Unit of Account" functions...hiding in plain sight 👇

AI will become our interface to the world. It will sit higher in the stack than the OS. It will collapse current SaaS layers, chat, communications, apps, app creation, into a single new kind of interface that doesn't exist yet. It's got to be open. It's got to be a cypherpunk solution that makes privacy and security the number one priority. If a closed source solution wins this layer, it's a disaster for the world. Especially if it's built by a single company with a single closed source model. Why? Because what we share with AI will be more intimate than anything we've ever shared with a machine. It will be our friend, our sounding board, our advisor. It will know our business ideas before we've told anyone. Our medical issues. Our financial picture. We'll talk about the fight we had with our partner. About feeling lost or depressed. Our kids will talk to it about problems at school, about bullying, about heartbreak, things they won't tell us. It will know us more intimately than we know ourselves. Right now the world runs on a surveillance economy. We traded free stuff for apps that peer deeply into our lives. If we replicate that model in the AI era, it's not just surveillance economy 2.0. It's surveillance economy squared. Social scoring. Legal conversations you thought were privileged showing up in court. Random people making $2 bucks an hour on the backend from God knows where reading the most intimate details of your life. Every insecurity, every fear, every half-formed thought you whispered to your AI buddy at 2 AM, sitting in a database somewhere, searchable. This interface might eventually become an OS, like the OS in Her. But it will take a long time to reach down to that layer and it will require a fundamentally new kind of operating system design. You can't retrofit this onto Linux or Windows or Android or iOS. It's a new layer of the stack entirely. And whoever controls that layer controls our lives. We've got to make sure it's us. Not them.

The AI bubble math doesn't add up. Anthropic spends $3 to make $1 and that’s before you include any and all other costs like staff or electricity. Microsoft dumped $300B in capex, made ~$18B in AI revenue. OpenAI and Anthropic alone make up 43-54% of Microsoft, Google, Amazon and Oracle's entire revenue backlogs. Enterprises are burning through annual AI budgets in 4 months with zero measurable ROI. This is the most expensive science experiment in history, funded by your SaaS subscriptions.

Global Liquidity aggregates have rolled over, and the headline number understates the severity. Liquidity stress metrics are deteriorating across the board. MOVE is rapidly approaching levels that will start making Fed officials uncomfortable, and the DXY, which had been surprisingly contained, is now threatening to break above 100.50. A tripwire I have spoken about because it was old support (2023 to mid-2025) and has since been resistance with 5 tocuhes. A measured move out of the range places a target of 104.50. Without running any serious regression analysis, I would expect this to trigger a further minimum 10% decline in the SPX. Nothing good comes from a technical break in the DXY. See previous cycles for evidence. The issue is that there is no easy fix. Inflation is elevated. There is friction between the Fed & the Treasury. More govt stimulus is not a panacea. It's a cost-of-living subsidy, not easy money.

This is Wild. Deutsche Bank has developed an index that helps to predict the next TACO by Trump. It has proven effective in previous big Trump pivots. The "Pressure index" combines one-month change in approval ratings, one-year inflation expectations and performance of the S&P 500 & t-bill yields. The higher it goes, the greater the chances of 🌮

1. Mag7 depletes cash reserves to fund capex and begins reducing share buybacks and tapping debt markets 2. Private credit, one of the largest financiers of said capex, is facing historic drawdowns across their portfolios and will tighten belts, thus reducing supply of debt capital to fund capex *** we are here and moving to 3 *** 3. Long end yields start to move higher and creditors begin demanding higher cost of capital on top of already widening spreads for AI capex spenders. This will be the icing on the cake for the Mag7 / AI capex trade.

so... US can't actually do shit about Iran's nuclear program they bombed a school they replaced Khamenei by Khamenei Jr and TACO'ed as soon as oil went too high and Israel used the opportunity to start turning Lebanon into Gaza... tremendous work guys, keep it up 🤡🤡🤡

Absolutely incredible: The US 20Y Note Yield is now above 5.00%. At the current pace, we will have 7% mortgages and $4.00 gas prices this week. Talk about a turn of events.

If you expect oil to stay below $200/barrel for the next 5-8 years, you're ignoring 150 years of evidence 👇

Minesweeper but it's the Strait of Hormuz. sweepthestrait.com/