Tell me what I am missing here?
If I convert $1 USD to USDT (Tether), I then have a fungible digital $1 USD in my wallet I can spend, while Tether invest that same $1USD into a US Treasury Bill. Now there are two $1 notes in existence doing different things!
No wonder they passed the Genius Act.
It's essentially rehypothecation-lite โ the same $1 USD is now performing two economic functions:
You, the user, have what feels like a liquid, spendable digital dollar in the form of USDT.
Tether, the issuer, has parked the real dollar into a yield-generating asset like a U.S. Treasury bill (or, in some cases, commercial paper or repo agreements).
@JeffBooth@LynAldenContact@GeorgeGammon@saylor@SimonDixonTwitt@LawrenceLepard@seanclarke911
#cryptocurrency #bitcoin #stablecoins #USTreasury
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Anthony Albanese just dumped millions in investment properties โ cashing out a portfolio worth around $5 million โ right before his own government rams through toxic new taxes on negative gearing and the capital gains discount. This isn't leadership; it's the rankest hypocrisy and textbook insider trading by a Prime Minister who built his wealth on the very property perks he's now torching for everyone else. While everyday Aussies get screwed with higher taxes and wrecked aspirations, Albo quietly pockets his gains and moves on. Pure, self-serving corruption from a man who lectures the rest of us about 'fairness. Vote Pauline Hanson One Nation.
JUST IN: BLOOMBERG JUST SAID LIVE SPACEX HAS BEEN QUIETLY BUYING FOR #BITCOIN FOR YEARS WITHOUT EVER SELLING
THEY OWN $1,300,000,000 WORTH OF BTC
"IT IS A STRATEGIC RESERVE"
THE 1st $1 TRILLION BTC COMPANY ๐ฅ
@SimonDixonTwitt Itโs always pump & dump on an IPO. Wall St get in it lists 3-4x and they cash out then the commoners buy in and ride it down so Wall St can pick it back up.
#Bitcoin fixes that
@d_1awrence Itโs been a Slingshot pull back for quite a few months and when it is fully stretched back, maybe July, it will be phenomenal. Iโm thinking $232,000.
Marc Andreessen just coined a term that perfectly describes what's actually happening to programmers right now and it's the opposite of what the doomers predicted (Save this).
He calls them AI vampires.
Andreessen's says that programmers using Codex, Claude Code and AI coding tools are not being replaced but they're working harder than ever, sleeping less than ever, with massive bags under their eyes and they are completely euphoric.
What's remarkable is that the phenomenon extends far beyond professional engineers.
Andreessen described an a16z partner who had never written a single line of code in his career, who built an entire AI powered work system for himself and when asked if he'd ever looked at the underlying code, the answer was simply "hell no."
The data behind the anecdote is extraordinary.
Andreessen says the leading-edge programmers at a16z portfolio companies are now 20x more productive than they were a year ago, the most dramatic increase in programmer productivity in the history of the industry.
The METR May 2026 AI usage survey found technical workers self reporting a 1.4โ2x change in work value from AI tools, with 75% of software engineers using AI for at least half their work.
The software engineer hiring rate is actually increasing up to 22.77% of new hires in 2025 from 19.32% in late 2023 and companies are now bidding more aggressively for senior engineers specifically because AI empowered engineers have a higher ROI than ever before.
The US economy added 115,000 jobs in April 2026 alone, beating the 62,000 consensus forecast precisely as AI adoption hit its highest level on record.
This is exactly what basic economics predicts and what almost no one who writes about AI and jobs bothers to say.
Classic marginal productivity theory says: when you increase the productivity of a worker, you don't diminish human work, you expand it.
The worker becomes more productive, gets paid more, does more, and more jobs are created in the process.
Andreessen's ATM analogy holds here because ATMs were supposed to eliminate bank tellers but instead, teller employment rose because lower operating costs let banks open more branches.
The no-code AI market has exploded from $4.3 billion in 2023 to $21.2 billion in 2026 not because programmers are being replaced, but because the universe of people who can now build software has expanded by orders of magnitude.
The blind spot, as Andreessen notes, is that productivity is now outrunning comprehension.
The a16z partner building AI systems he's never looked at the code for represents something genuinely new, software being summoned faster than it can be understood.
That's not necessarily dangerous but it does mean the verification, security, and governance layer of the AI development stack is more important now than it has ever been.
@MilkRoadAI I have had my IDE running while being at a social event and thought of something and made excuses to leave and rushed home to run the code!