Rich Pugh

19 yr Asset Mngt sales vet, Ex @BitwiseInvest. Web2 ⏩ 3.0 leap. NFTs, art, tech, community, & 🏀 Here for the ride...🍌🦍🎟️ #Bitcoin #Eth🦇🔊

[Rich Pugh @Rpugh40]

Our 1A dude 🏀

[Eye4Impact @Eye4Impact_NBA]

We are witnessing one of the most legendary stories in NBA history.

Go prove 'em wrong one more time @jalenbrunson1

[Rich Pugh @Rpugh40]

Orange + Blue pilled in real-time 😂 🗽 Welcome to the emotional roller-conversion-coaster 🎢 🏀

[mike 🇮🇹 @itsthatboymike]

THIS IS SERIOUSLY KILLING ME 😭😭

(via rossitakes/tiktok)

[Rich Pugh @Rpugh40]

@lphaCentauriKid Ack - what is the title of the blue flowers on the right? 🤌🏼🎨

[Rich Pugh @Rpugh40]

Great product 🤝🏼 Great visuals 🤝🏼 Great story telling 🤝🏼 Great team 🚀

[Grove Finance @grovedotfinance]

RWAs are about to have their stablecoin moment.

Introducing Grove Basin: programmable credit infrastructure enabling eligible tokenholders instant stablecoin liquidity for approved exits from tokenized offchain assets.

Up to $1 bn in committed daily liquidity.

Tap in 🚰

[Rich Pugh @Rpugh40]

@itsolelehmann Cowork

[Rich Pugh @Rpugh40]

This is the way... 🔦🛣️ Defi allows us to buidl on the shoulders of those that came before us. No one starts at zero. The speed of progress is accelerating ⏩

[Franklin Bi @FranklinBi]

The @BlackRock BUIDL x @Uniswap integration matters because it defines the blueprint for how institutional capital will show up onchain.

For years the debate was binary ie permissioned chains vs. public chains, enterprise blockchain vs. open protocols etc.

The flawed assumption was that institutions would never touch the same infrastructure as anonymous DeFi traders.

That assumption died today.

What BlackRock actually chose:
- Whitelisted, KYC'd access via @Securitize
- Public #Ethereum settlement
- UniswapX RFQ, the same routing system built for DeFi
- Crypto-native market makers (@wintermute_t, @Flowdesk)
– Atomic onchain settlement through smart contracts that have processed $4T+ in volume

The important design pattern here is: semi-permissioned access on top of permissionless settlement.

Yes, institutions need compliance gates. But those gates sit at the application layer, not the infrastructure layer. The smart contracts underneath don't care who you are. The whitelist does.

"The infrastructure we're announcing will work equally with retail products." - @carlosdomingo

Worth reading that twice to understand:
1) Permissionless is a super-set of permissioned.
2) "Permissioned" itself is a configurable setting.

The second-order effect: if this architecture works for BUIDL, it works for everything else - Apollo, Hamilton Lane, KKR etc. The marginal cost of the next institution issuing on DeFi rails just dropped significantly b/c the blueprint now exists.

DeFi was built on the fringe. Stress-tested by degens, ignored by institutions, battle-hardened through $4T+ in cumulative volume.

As with many network-driven products, it evolves at the fringes of society, until it inevitably penetrates & dominates the center of capital markets.

[Rich Pugh @Rpugh40]

A story as old as time... ✋🏼😆⚔️🛟

[Solana @solana]

First they ignore you.
Then they laugh at you.
Then they fight you.
Then they help you buy it.

[Rich Pugh @Rpugh40]

We didn't NEED this buuut it's a "nice to have". Full ⭕, Mr. Dimon. One of us...

[Bitcoin Archive @BitcoinArchive]

🚨 JUST IN:

JPMorgan CEO Jamie Dimon admits he was WRONG about Bitcoin and crypto

"It's real."

"It will be used by all of us." 😲

[Rich Pugh @Rpugh40]

Epic 🐧

[Solana @solana]

Hello Wall St.

[Ethereum Foundation @ethereumfndn]

believe in somETHing

[Anthony Pompliano 🌪 @APompliano]

Bitcoin is the only technology I am aware of that can solve the universal problem of currency debasement shared by billions of people in our modern world.

Gold served that purpose for thousands of years, but it is impractical for people to access, store, and use a physical product in today's digital age.

Bitcoin is humanity's best bet to lift billions of people out from underneath the tyrannical overreach of central banks and governments.

No man should be able to silently steal the hard-earned economic value of another man.

This theft has literally pushed a large majority of the world into a dire financial position and created so much economic damage that it has become the most important financial story of the last 50 years.

Bitcoin is technology to empower anyone, regardless of their race, education, wealth, or geography, to peacefully resist the overreach.

It may still be controversial today, but I truly believe bitcoin will go down as the most important technology invention of our lifetime.

We owe so much to Satoshi Nakamoto.

[Balaji @balajis]

The blockchain is the basis for global economic union, because it provides uniform monetary policy, payment rails, smart contract enforcement, encrypted messaging, verifiable identity, and capital formation to anyone with an internet connection.

[Rich Pugh @Rpugh40]

@AskPerplexity Create a video of a giraffe with purple fluffy fur, purple glasses, & a long neck walking towards the camera in a sunlit grassy field under a bright blue sky saying softly & slowly "Olivia, I'm Josephine, the purple giraffe. Do you like it when I pick out bedtime books for you to read? " make it bright and 4k. Have her wait for a response with an excited face @AskPerplexity

[Rich Pugh @Rpugh40]

@AskPerplexity Create a video of a giraffe with purple fluffy fur, purple glasses, & a long neck walking towards the camera in a sunlit grassy field under a bright blue sky saying softly & slowly "Olivia, I'm Josephine, the purple giraffe. Do you like it when I pick out bedtime books for you to read? " make it bright and 4k. Have her wait for a response with an excited face

[zerohedge @zerohedge]

Bitcoin Becomes Safe Collateral: JPMorgan To Offer Loans Financed With Crypto Assets https://t.co/n37xmLamUX

[Joseph Lubin @ethereumJoseph]

The global economy is digitizing. Every institution, corporation, and country runs on fragmented, bespoke infrastructure. What the internet did for information, Ethereum is doing for value: A shared, open standard for programmable money.

🧵

[Raoul Pal @RaoulGMI]

Over time, due to aging demographics, governments need to borrow more money to support GDP growth to pay interest on the debt.

At over 100% of GDP in debt there isn't enough economic cash flow to fund the debt growth so it gets "printed" via Fed Net Liquidity and also forced, via regulation, onto the balance sheet of the banks.

That debases the currency and lowers the denominator, optically making scarce assets more valuable.

Crypto (Mainly Bitcoin) is the life raft as it not only offsets the annual 8% debasement but also gains value due to adoption effects.

These two charts remain the most important chart in all macro and the ones the least people understand.

It's all demographics. It always has been

[Rich Pugh @Rpugh40]

@benbybit @safe Silver lining...it only cost $1.04 to move $1.5 Billion! 😜 Wild

[Vetle Lunde @VetleLunde]

In the United States, Bitcoin ETF AUM has surpassed gold ETF AUM.

Gold, with a 20-year head start, has been flipped.