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@TFTC21@TFTC21

Google just achieved 99.99% fidelity in quantum error correction, a critical breakthrough that brings large-scale quantum computing closer to reality. Using "magic state cultivation" on its Willow processor, researchers hit a "40-fold reduction in errors," directly addressing a bottleneck where up to 95% of a quantum computer's capacity was devoted to producing the specialized states needed for computation. Google's Willow processor has 105 qubits. Even the most optimistic estimates say breaking bitcoin's elliptic-curve cryptography would require around 500,000. Scaling qubits while maintaining error correction is an entirely different engineering problem than what was demonstrated today. blog.google/innovation-and…

@TFTC21@TFTC21

Singapore public company BitFuFu added 15 bitcoin to their treasury, bringing total holdings to 1,388 BTC worth $114.2 million.

@TFTC21@TFTC21

The Bitcoin Policy Institute tested 13 frontier AI models from OpenAI, Anthropic, Google, xAI, DeepSeek, and others on which money they'd choose for different financial tasks. Bitcoin was selected in 70.8% of responses about saving for the future. Stablecoins were chosen 73.5% of the time for everyday payments. Fiat led only in unit of account (setting prices). As AI agents start handling real financial tasks, they're already converging on bitcoin for savings.

@TFTC21@TFTC21

🔴 LIVE: BofA broke the law for 7 years, paid $1.2B, nobody charged. The Samourai devs got prison. | Rabbit Hole Recap w/ @MartyBent & @tpacchia x.com/i/broadcasts/1…

@TFTC21@TFTC21

Coin Center's Peter Van Valkenburgh: "Our mission was never simply to get the government to say yes to crypto." "Will the law tolerate software that nobody controls, communications that nobody intermediates, computer programs you run yourself, transactions that no one has the unilateral authority to reverse? Those are the hard questions."

@TFTC21@TFTC21

37-year-old woman had a heart attack and spent 2 days in the ER. Cigna sent her a letter saying the service was "not medically necessary." Her bill: $110,000. "They don't think that saving my life was medically necessary."

@TFTC21@TFTC21

Tether is backing AIsa, a platform where AI agents can autonomously access and pay for data, APIs, and computing resources. Tether CEO Ardoino: "As AI agents take on more work, people need a way to give them access to services while keeping control over what they spend." tether.io/news/tether-in…

@TFTC21@TFTC21

GameStop CEO Ryan Cohen: "The pace at which the technology is developing, and how much smarter the machines are than humans, it really puts us in a position where we have very little utility."

@TFTC21@TFTC21

"The inflow of intellectual property into this country is unlike anything the world's ever seen." 5 of 6 on stage at the White House were born outside the US. Jensen calls this America's superpower.

@TFTC21@TFTC21

"We solved Navier-Stokes. We'll look back and say that was the worst intelligence we're ever going to have, solving a millennium problem." Jensen says the cost of intelligence will fall like Moore's Law, with a massive vacuum of opportunity waiting to be filled.

@TFTC21@TFTC21

Lawyer Preston Byrne (@prestonjbyrne) is going to war with the Australian government over cross-border censorship of US website Gab. Australia threatened Gab with jail time for publishing a gag order related to a censorship hearing. When Byrne pushed back, Australia called his conduct "disgraceful." His response: he sent the gag order to Congress. "The Australian government threatened me, an American lawyer, with jail time for disclosing the existence of this document. I sent it to Congress. So... come get me, I guess?" He says this is just one example of a much bigger problem: "The UK, EU, Australia, the Russian Federation... everyone offshore wants a piece of the First Amendment. This is one of hundreds of unconstitutional orders, from all over the planet, that have been transmitted into the United States in the last 18 months."

@TFTC21@TFTC21

SEC just approved binary options tied to public company KPIs on Cboe, including Coinbase, Robinhood, and Marathon. Traders can take yes/no positions on metrics like Coinbase trading volume, Marathon's BTC production, and Robinhood's revenue. SEC Chair Atkins called it "a new spirit of harmonization, innovation, and investor choice." h/t @EleanorTerrett

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The Commoner

Truth for the Commoner, every weekday. Money, machines, and the people trying to control both.

Independent writing by Marty Bent at TFTC since 2017. Money, markets, AI, energy and privacy, delivered free to your inbox.

Free, every weekday. Unsubscribe anytime using the link in each newsletter. By subscribing you agree to our Terms and acknowledge our Privacy Policy. Read recent issues.