NEW: 🇺🇸 JPMorgan CEO Jamie Dimon warns stablecoins could become a "huge problem" and he’s not happy with the Clarity Act!
When asked about Coinbase CEO Brian Armstrong representing the industry, Dimon said, "He's full of sh!t." 😳
Does CLARITY get signed in 2026!? 🤔 💭
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Great overview of the Canton ecosystem. We are seeing growing demand from institutional clients for privacy preserving stablecoin payments and are excited to start enabling many of these flows on Canton.
PERIANNE BORING: "We saw the U.S. Navy share in a congressional testimony that they are using the power of Bitcoin, the encryption power of Bitcoin, to protect military data. This really validates and puts a stamp of approval of Bitcoin not just to being used in the financial system, but as critical technology."
"It's open source... it's going to make a range of services cheaper for everyday people and Americans and safer because it's protected with military level encryption."
"Scientists and physicists... are projecting Bitcoin to hit $1 million within 8 years."
"We have so much demand coming into the space and supply is fixed. So only one thing can happened in that equation, and it is still early to get in."
Come work in crypto.
We have lots of hard, worthwhile work to do. And it’s work that is more valuable, rather than less, alongside the progression of AI.
Think the space is all noise and no signal? Come build signal.
It's only a matter of time before @Gemini has more machines as customers than humans. Machines can’t open up a bank account but they can easily plug into protocols and use crypto to become rational economic actors. Humans may have built crypto, but crypto is not so much money for humans as it is money for machines.
We are excited to launch our new developer platform as well as our Model Context Protocol (MCP) API, designed specifically for AI agents. Onward!
American is paying $2,100 per month for health insurance, her daughter almost drowns and has to use Life Flight
- The bill is $70,000
- Insurance first denies paying
- After the denial, Life Flight reaches out to the insurance company
- The insurance company agrees to pay $10,000
- Her new bill is now $60,000
Life Flight tells her on the phone, “I just want you to know that if you were self pay we would only be charging you $20,000 right now”
It cost her $40,000 dollars MORE because she had insurance
This is a scam
I was at an event last night with many people I have known from the 2017-2019 era of crypto. I observed the following:
1. very, very few of them still held any positions from that time frame.
2. Even people who held mainly Bitcoin sold in 2022 and have become much more conservative with their approach
3. The general feeling was that Bitcoin at 84,000 was "disappointing" and "risky"
4. Everybody seems to be catching on to the AI story quickly.
5. A LOT of people interested in Bittensor,
In general, nobody seemed to really understand the power curve / long term adoption thesis of Bitcoin as a store of value. And, despite being generally bullish on AI, very few people seemed to share Ben and my belief on the timeline all this was happening in.
Which tells me that we are very early. Bitcoin is going much higher. AI will produce super-intelligence much faster than people expect.
And now back to building on both of these fronts.