Fetch>It now available for public beta iPhone/iPad
Visit your first Autonomi site with it!
autonomi://ba9a8fcae5677af1876de8b37b1f728446754b6fe78307c2355be28cec94e764
https://t.co/cn8c7sno1u
Every major tech company is racing to build more data centres. Billions of dollars. Millions of square feet. Enough electricity to power small countries.
Meanwhile, there are billions of computers already in people's homes.
Excited to share two apps I have been working on
etch/it & fetch>it
Clients for the Autonomi network
Enormous effort has gone into making the network robust and now is the time to make using it more familiar & easier to use
I hope this achieves that
https://t.co/hddj9UKm9D
Eight days after launch, a community member has shipped the first independent app on Autonomi.
No API key. No app store approval. No platform cut. Just a developer, the network, and an idea.
https://t.co/2GGpW3MWz0 - Etch it once. Fetch it forever.
Props @joshclsn!
🚨JUST IN: The White House Council of Economic Advisers has released its study on stablecoin yield and its potential impact on deposit flight and bank lending — the same report I noted last month that Senate Banking lawmakers were pressing the White House to release.
The TLDR: Banning stablecoin yield would do little to boost bank lending, impose costs on consumers, and concerns around deposit flight are overstated.
The data: At baseline, eliminating yield increases lending by just 0.02% (~$2.1B) and results in a net welfare loss.
On deposit flight: The report finds those concerns are “quantitatively small,” noting most stablecoin reserves remain within the banking system, with only a limited share truly removed from lending activity.
“In short, a yield prohibition would do very little to protect bank lending, while forgoing the consumer benefits of competitive returns on stablecoin holdings,” the executive summary reads.
Link to the report below ⬇️
Scoop from me: Nvidia will spend a total of $26 billion over the next five years building the world's best open source models. America is back in the open source AI race! https://t.co/MaaFnOPt0N