Bob Dewey

Most people think the future is collapsing.
I study how progress actually happens.

[Bob Dewey @macroleverageTP]

Gold is repricing trust.

Below is the updated debt-to-gold ratio.
For 100+ years it climbed almost in one direction as fiat replaced discipline.

As @LynAldenContact has shown, gold couldn’t keep up with the telegraph — money had to move faster than metal.
As @saifedean explains, WWI accelerated the break from sound money and ushered in the debt-laden fiat century.

The ratio just turned — but not because debt fell.

[Bob Dewey @macroleverageTP]

Always tough to know the extremes, and we may not be there yet…

But the narrative about why there are no catalysts for a Bitcoin price rise is almost as complete as its opposite last year at the peak.

Back then, there appeared to be no catalysts for a decline.

[Nate Geraci @NateGeraci]

Classic Netflix vs Blockbuster moment IMO…

Head of largest bank in US telling you how afraid they are of crypto.

They have huge opportunity to embrace it, evolve, innovate, & win.

But they’re choosing to fight it instead.

[Bob Dewey @macroleverageTP]

@dgt10011 @AdrianUberto @kevinyb @anjan_vinod Congratulations Jeff!

[Bob Dewey @macroleverageTP]

“Real” problems in this sense are defined as any that are economically valuable to solve. Sometimes they are big like what Amazon has solved and others are tiny, like what influencers “solve”, or vendors of small items that sell enough to make a living so they don’t have to work as employees.

[Bob Dewey @macroleverageTP]

@DavidSacks Are We Running Out of Problems to Solve?
https://t.co/UMy7bmg1J1

[Bob Dewey @macroleverageTP]

@DavidSacks Advances in technology allow humans to solve more problems faster. And the more problems that are solved, the more problems there are that can be solved.

You need humans to know which problems need to be solved.

[Bob Dewey @macroleverageTP]

@ericyakes It’s one thing for some to think cutting rates because of AI deflation is the right move, but it’s the 10 year bond’s reaction to cuts that will determine its wisdom.

[Bob Dewey @macroleverageTP]

Very interesting- must read.

[Jeff Park @dgt10011]

why i am so bullish on crypto, in "defense of the ideological"-

i recently watched the video of the first public appearance for jensen and elon together, which was at GTC 2015 more than ten years ago. by this time, jensen had already made his iconoclastic bet on parallel graphics processing for over twenty years, and on CUDA since 2006. musk had his hassabis moment in 2012. yet openAI was not yet founded (would be ~9 months later), and GDX-1 would be announced at GTC the following year too

this is that narrow window where a revolution is visible to some but not others, in which both of these geniuses had early inklings of recognizing AIs pervasive potential, but the broad public was not yet made aware. it would take another 10 years for it reach mainstream applications of course

i broadly think of the crypto industry being the same place today. just as there were brilliant minds who understood the revolution that would come from the GPU paradigm, there was simply no large scale consumer demand that required its objective superiority for decades to come. instead, it was picked up by hobbyists (ie gamers) who enjoyed a sense of self-determination by pushing the boundaries of their passion, tinkering, sharing, and researching. in a rather strange way, gamers subsidized AI's development, just like early defi subsidized the institutional tokenization development.

during the GTC 2015 interview, elon tells jensen something interesting: the 0-10 mph autonomous driving is very easy to solve because the car can be stopped. the 50+ mph zone is also easy to solve because there are rules of engagements at that speed that dont have as many randomness. the hardest part to solve is actually the 10-50mph, what i call the "the middle game" where a car in an urban setting with bikes, children, cones, manholes, create all kinds of need for precision and speed that sensors today need to develop further. it's fundamentally solvable, but this is the most challenging portion of fulfilling the dreams of autonomous driving

this is where crypto is today. the 0-10mph was easy because people can understand why permissionless money is useful from a practical sense to start developing. the 50mph+ will also be really easy because by that point, onchain capital markets is going to be so obvious that you could never go back with all the benefits of self custody, capital efficiency, money velocity/rest optimizations. but its the 10-50 thats hard, where money in a pre-internet financial infrastructure is hitting AML/KYC, offshore capital conduits, discretionary bank risk models, lagging reporting regimes create all kinds of need of need for precision and speed that institutional infrastructure today needs to develop further. its fundamentally solvable, but this is the most challenging portion of fulfilling the dreams of onchain capital markets

i love bitcoin. but contrary to some opinion, i believe its possible to love crypto too, because bitcoin is a monetary experiment enabled by the evolution of technology, while most of crypto is the inverse: a technology experiment enabled by the evolution of money. they are fundamentally solving different problems, though rooted in one ideal: to make its access as much of a public good as possible

this is why crypto is going to be such an important force for the future during this "narrow window" for those can can see it. and while most early pioneers got into the game because of the ideology behind decentralization, it's time to admit that the winning ideology is technological financialization: it is hyperfinancialization with elements of decentralization that exports sovereign finance as a public good, decentralizes agentic rails for humanity as a public good, promote self-determination as a public good.

this is worth fighting for, and im excited to recommit my focus to these ideals that began my crypto journey. this "middle game" period will be remembered as the most critical juncture for the industry and for anyone who is doubting the industry at this time, i hope reading this helps you reanchor your beliefs for what you are actually fighting for, and more importantly, know that you can play a meaningful part in the revolution too

the future belongs to those who recognized it was always ideological

[Bob Dewey @macroleverageTP]

The full hypothesis here: https://t.co/XLhtTx3Y0W

[Bob Dewey @macroleverageTP]

Everyone focuses on the jobs AI may destroy.

Fewer are asking what entirely new layers of economically valuable work AI may suddenly make possible.

[Nature & Animals🌴 @naturelife_ok]

Whoever dubbed this is great! 🐶😂

[Bob Dewey @macroleverageTP]

@LawrenceLepard How astonishing. Probably more a sign of the respect Congress gets for responding to the electorate.

[Bob Dewey @macroleverageTP]

Appreciate the repost, Jeff.

Really enjoyed this conversation. I think these themes around monetary systems, political power, and market structure are becoming increasingly important.

[Bob Dewey @macroleverageTP]

Modern finance still treats central banks as politically independent institutions.

@dgt10011 argues that assumption is breaking down.

As geopolitical competition intensifies, he believes the Fed and Treasury will increasingly operate together as instruments of national strategy rather than separate powers.

[Bob Dewey @macroleverageTP]

See the full interview: https://t.co/YGpKxqAKiV

[Bob Dewey @macroleverageTP]

Article here: https://t.co/4B7KsuwVLI

[Bob Dewey @macroleverageTP]

Researchers reversed Alzheimer's symptoms in mice using engineered nanoparticles that both clear toxic protein and repair the blood-brain barrier. Translation to humans is years away.

The cadence of mid-stage longevity breakthroughs often does not get the attention it warrants.

[Massimo @Rainmaker1973]

The physics of this unparking

[Bob Dewey @macroleverageTP]

Europe regulated private payments innovation into stagnation, watched Visa, Mastercard, PayPal, Stripe, and others emerge elsewhere, and now claims the digital Euro will increase innovation.

How is a government-controlled CBDC going to spark financial innovation that will beat global leaders?

"Anyone, anyone?"
h/t Ferris Beuller's Day Off

[Bob Dewey @macroleverageTP]

@EricBalchunas The Satoshi Nakamoto of passive investing... but not anonymous.