Tether Nets $5B Profits This Year, Says Its US Debt Holdings Surpassed Germany's - These stablecoins are making a lot of money, and they are investing heavily in crypto mining and AI companies. They are also becoming the biggest holders of US treasuries, at the same level as nation states. I’m not an expert in all this but that seems like a very very strong position to be in. www.coindesk.com #
2024/08/01 #
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The US government needs Bitcoin with Luke Gromen & Preston Pysh (What Bitcoin Did Podcast) - I wasn’t able to follow everything in this episode, it rapidly gets pretty complicated, but IMO there’s some very important information in there. It’s basically a macro discussion around how Bitcoin is intersecting with the old school financial system, how the interplay between stablecoins and treasuries is shaping up, and how this might affect and be affected by geo-politics. It gets very abstract in places, but they always bring the discussion back to grounded truths and examples. I think even if you don’t fully understand everything, seeing things through a Bitcoin lense gives you the ability to see where things are moving at least directionally. I’m wondering if there are stablecoins backed by chinese treasuries, that’s were the biggest productivity gains from recent years are currently. Somewhat sad to hear that it’s one of the last WBD episodes, it appears they are moving onto other ventures still to be announced. www.whatbitcoindid.com #
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RA.947 Lydo (Resident Advisor Podcast) - I listenned to this mix by vietnamese - america electronic music artist last night. It’s pretty great, hard techno, gets pretty dark, especially at the end, I could totally imagine listening to this in a club with an incredible sound system. Probably quite good music to code to also. ra.co #
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Michael Malice (Joe Rogan Podcast) - I think Malice was previously on Rogan, and I think I really enjoyed their conversation. They are very well balanced together, I feel like they bring out the best in each other. It’s a very conspiracy heavy episode, so if you’re into that, you’ll enjoy this episode. All sorts of topics including the Biden body double, deep fakes & cheap fakes, sceptical being the new norm, Elon and free speech, Harris wine mom, Google memory holing, Trump shooter weirdnesses, Silk Road Ross Ulbricht, Prince Charles’ sausage fingers, aristocrats being perverts, prince Andrew loosing ability to sweat, 1000 space monkeys writing the Art of the Deal, and a whole lot more. If you have a few hours to chill, worth listening to. podcastindex.org #
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New Post: Bitcoin strategic sovereign reserves markjgsmith.com #