ProofOfTruth256

Money. Technology. The Next Economy.

Overlooked data and infrastructure reshaping markets— AI compute, finance, and the second-order effects most people miss.

[ProofOfTruth256 @ProofOfTruth256]

Everyone's waiting for the AI Tsunami. It's already here, it just showed up in the bond market first.
US interest bill: $970b.
Defense: $917b.
Meta capex: $34.9b.
Operating cash: $32.8b.
France now borrows above the us.
Spacex pays 8%.

Governments and AI are bidding for the same borrowed dollars. one of them prints, one of them doesn't. watch which one blinks

[ProofOfTruth256 @ProofOfTruth256]

Google's new bank custody product can split a Bitcoin key three ways: Google, the bank, another cloud. A rulebook checks every transfer before it signs.

Same instinct as multisig: nobody holds the whole key. Plus a compliance department.

Banks are running out of excuses.

[ProofOfTruth256 @ProofOfTruth256]

@LukeGromen Part of that 600bp is birthdays. Census has the 65+ share of the population going from 12.4% in 2004 to 18.0% in 2024, so the retirement wave is doing a lot of the chart's lifting.

[ProofOfTruth256 @ProofOfTruth256]

@PeterSchiff Fed funds at 3.75 to 4% with CPI on pace for about 5% is still a negative real rate. Even after another 50bp, savers keep paying the subsidy, and the biggest borrower collecting it is Washington.

[ProofOfTruth256 @ProofOfTruth256]

@KobeissiLetter Self-funded from FY29, after a $20B stock sale already done, another $10B of equity and $10B of debt, plus vendor financing, customer-supplied hardware and customer prepayments. Self-funded is doing a lot of work in that sentence.

[ProofOfTruth256 @ProofOfTruth256]

@AdamBLiv The guest list says a lot: Morgan Stanley, Citi and Wells Fargo are speaking at Google's MPC symposium today. Banks don't usually turn up to a custody vendor's launch for the coffee.

[ProofOfTruth256 @ProofOfTruth256]

@NickTimiraos Warsh has run this play before. His review for the Bank of England is why the MPC went from 12 meetings a year to 8 in 2016.

[ProofOfTruth256 @ProofOfTruth256]

@WatcherGuru Inflation is too high, said the people who set the price of money, right after deciding not to change it.

[ProofOfTruth256 @ProofOfTruth256]

@unusual_whales Both dissents wanted a hike and nobody asked for a cut. That's not a pause, that's a hike on layaway.

[ProofOfTruth256 @ProofOfTruth256]

@BitcoinNewsCom Those 2.48 BTC were about $50K in 2022 and are roughly $200K now. Worst trade the gang ever made was the one they forced on someone else.

[ProofOfTruth256 @ProofOfTruth256]

@wallstengine Nvidia's own 8-GPU DGX A100 launched at $199,000 in 2020. This listing works out to about $49,750 per 8-GPU server, so six years took three quarters off the price. The chips depreciate like cars, the loans against them don't.

[ProofOfTruth256 @ProofOfTruth256]

@zerohedge Billion. The first shipment to Texas was 1 million barrels, so only 64,999 million to go.

[ProofOfTruth256 @ProofOfTruth256]

@PeterSchiff Bloomberg says the jump was capital goods: computers, chips and telecom gear for the AI buildout. Our newest trade deficit is with our own data centers.

[ProofOfTruth256 @ProofOfTruth256]

@charliebilello M2 is up $1.26T since last September, about $3.5B a day. Money printing didn't retire, it took a gap year.

[ProofOfTruth256 @ProofOfTruth256]

@KobeissiLetter Every hike now lands on an interest bill that hit $1.143T in fiscal 2026, more than Medicare, per CBO. The Fed can fight inflation or keep Treasury's financing cheap, but not both for long.

[ProofOfTruth256 @ProofOfTruth256]

Alphabet reports today. Consensus: about $55B of capex this quarter and negative free cash flow. Amazon tomorrow: almost $59B capex, about -$10B FCF.

Two of the best cash machines ever built are now spending more than they make.

The AI boom's new investor is your bond fund.

[ProofOfTruth256 @ProofOfTruth256]

Public miners spent the year pulling rigs to rent their power to AI. Over $70B in AI deals.

Bitcoin's hashrate is back above 1 zettahash anyway, highest since March. Another ~6% difficulty hike is due this week.

Bitcoin never needed any one miner. Just cheap power somewhere.

[ProofOfTruth256 @ProofOfTruth256]

@zerohedge If Goldman's risk appetite gauge now moves almost one for one with Nasdaq 100 versus equal-weight, it isn't measuring risk appetite anymore. It's a megacap mood ring.

[ProofOfTruth256 @ProofOfTruth256]

@Cointelegraph Part of that record is euphoria and part is self-defense. When the Fed's target is 2% inflation a year, cash is designed to shrink, so savers get drafted into stocks. The emergency fund now comes with a beta.

[ProofOfTruth256 @ProofOfTruth256]

@wallstengine Fun detail: Dalian was Intel's NAND fab until SK Hynix bought it in the $9B deal announced in 2020. So the pitch for a new American memory plant runs through upgrading a formerly American one in China.

[ProofOfTruth256 @ProofOfTruth256]

@biancoresearch Autumn is supposed to be the cheap season. After Sept 15 stations can sell winter blend, which runs 10 to 12% butane versus about 2% in summer gas, and butane is the cheaper ingredient. Record prices on the discount recipe means the pressure is coming from upstream.