The future won’t wait for you.

@TFTC21

Figma CEO Dylan Field says AI slop is creating a trust problem at work. "I'm already hearing from so many like, 'I got another deck made by AI today. And I don't even know if the person who made it, like, do they even know what's in their deck?' ... I think we're gonna see some bifurcation here around trust, and one way to get trust is to do something with your hands." x.com/theallinpod/st…

@TFTC21

The SEC will continue accepting comments on its Reg Crypto proposal past today's deadline. x.com/eleanorterrett…

@TFTC21

Fidelity Digital Assets says perpetual preferred stock has become the newest demand catalyst for bitcoin, with companies accumulating 135,979 BTC through preferred stock issuance as of Oct. 5. That total now accounts for more than 0.5% of bitcoin's total supply. Fidelity: "Even modest adoption within the vast fixed income market could materially reshape bitcoin's supply-demand dynamics, positioning these instruments as a potentially powerful new driver of long-term value."

@TFTC21

"I think that the setup is as good as it's ever been." @MartyBent and @parkeralewis on Bitcoin's crisis of confidence.

@TFTC21

Private keys from 8 intermediate certificate authority certs issued by eMudhra have been compromised. x.com/astuyve/status…

@TFTC21

"Silvergate was the only bank in America that could have withstood a full bank run without needing a bailout." @parkeralewis on what really happened to Silvergate.

@TFTC21

.@jackmallers: "We built a system where working hard and saving no longer guarantees financial stability, where inequality becomes structural."

@TFTC21

Block joined the Open Secure AI Alliance, a 120+ member group hosted by the Linux Foundation that develops open source AI security tools. x.com/blocks/status/…

@TFTC21

YouTube just banned @SimplyBitcoin. They say they strictly follow community guidelines and believe it's a mistake. x.com/simplybitcoin/…

@TFTC21

One email. Every weekday. Bitcoin, macro, AI, and freedom tech. No fluff. Sign up for The Commoner: tftc.io/commoner

@TFTC21

The AI buildout has a bitcoin mining problem. GPUs are sitting in warehouses waiting for power. GPU-collateralized debt is piling up. Credit markets are flinching. CoreWeave has $14.2B in loan facilities backed by chips and customer contracts. IREN just took $2.4B from Blue Owl to buy Nvidia GPUs. Sound familiar? In 2022, bitcoin miners bought machines on credit, watched collateral values collapse 85%, and the lenders came calling. Core Scientific went bankrupt. Stronghold handed back 26,200 miners to wipe out debt. The key difference: an ASIC is a physical option on bitcoin's price. A GPU's value is tied to compute demand, which is still rising. But Dario Amodei said it himself. If growth comes in at 5x instead of 10x, "there's no hedge on earth that could stop me from going bankrupt." Amazon is spending $220B this year and expects to stay free cash flow negative for years. Some of its Nvidia racks went straight to warehouses because the data centers didn't have power to turn them on. The question isn't whether AI is real. It's which players took on too much risk and put the cart before the horse. Bitcoin's difficulty adjustment flushes out the overleveraged every two weeks. AI has no such mechanism.

@TFTC21

"You never walked into a grocery store anywhere in America or anywhere in the world and something popped up that allows you to pay with your U.S. Treasury or your stock or your bond?" @parkeralewis on paying in bitcoin.

@TFTC21

Figma CEO Dylan Field says AI slop is creating a trust problem at work. "I'm already hearing from so many like, 'I got another deck made by AI today. And I don't even know if the person who made it, like, do they even know what's in their deck?' ... I think we're gonna see some bifurcation here around trust, and one way to get trust is to do something with your hands." x.com/theallinpod/st…

@TFTC21

The SEC will continue accepting comments on its Reg Crypto proposal past today's deadline. x.com/eleanorterrett…

@TFTC21

Fidelity Digital Assets says perpetual preferred stock has become the newest demand catalyst for bitcoin, with companies accumulating 135,979 BTC through preferred stock issuance as of Oct. 5. That total now accounts for more than 0.5% of bitcoin's total supply. Fidelity: "Even modest adoption within the vast fixed income market could materially reshape bitcoin's supply-demand dynamics, positioning these instruments as a potentially powerful new driver of long-term value."

@TFTC21

"I think that the setup is as good as it's ever been." @MartyBent and @parkeralewis on Bitcoin's crisis of confidence.

@TFTC21

Private keys from 8 intermediate certificate authority certs issued by eMudhra have been compromised. x.com/astuyve/status…

@TFTC21

"Silvergate was the only bank in America that could have withstood a full bank run without needing a bailout." @parkeralewis on what really happened to Silvergate.

@TFTC21

.@jackmallers: "We built a system where working hard and saving no longer guarantees financial stability, where inequality becomes structural."

@TFTC21

Block joined the Open Secure AI Alliance, a 120+ member group hosted by the Linux Foundation that develops open source AI security tools. x.com/blocks/status/…

@TFTC21

YouTube just banned @SimplyBitcoin. They say they strictly follow community guidelines and believe it's a mistake. x.com/simplybitcoin/…

@TFTC21

One email. Every weekday. Bitcoin, macro, AI, and freedom tech. No fluff. Sign up for The Commoner: tftc.io/commoner

@TFTC21

The AI buildout has a bitcoin mining problem. GPUs are sitting in warehouses waiting for power. GPU-collateralized debt is piling up. Credit markets are flinching. CoreWeave has $14.2B in loan facilities backed by chips and customer contracts. IREN just took $2.4B from Blue Owl to buy Nvidia GPUs. Sound familiar? In 2022, bitcoin miners bought machines on credit, watched collateral values collapse 85%, and the lenders came calling. Core Scientific went bankrupt. Stronghold handed back 26,200 miners to wipe out debt. The key difference: an ASIC is a physical option on bitcoin's price. A GPU's value is tied to compute demand, which is still rising. But Dario Amodei said it himself. If growth comes in at 5x instead of 10x, "there's no hedge on earth that could stop me from going bankrupt." Amazon is spending $220B this year and expects to stay free cash flow negative for years. Some of its Nvidia racks went straight to warehouses because the data centers didn't have power to turn them on. The question isn't whether AI is real. It's which players took on too much risk and put the cart before the horse. Bitcoin's difficulty adjustment flushes out the overleveraged every two weeks. AI has no such mechanism.

@TFTC21

"You never walked into a grocery store anywhere in America or anywhere in the world and something popped up that allows you to pay with your U.S. Treasury or your stock or your bond?" @parkeralewis on paying in bitcoin.