was an honour to pitch in front his majesty the King of Bhutan, @cz_binance , @BarrySilbert , @ellazhang516 who’s been extremely supportive throughout our time in Bhutan - and many more amazing people who made it to Thimphu and contributed to an amazing event. Unforgettable!
everyone's focused on AI as the key driver for personalisation - and that's not wrong - but think real personalisation starts with people you trust, especially in finance
I ran nearly out of fund in Bhutan, but luckily got @nxos_io
I send USDT on BNBChain to fund my local bank account. The fund is nearly INSTANTLY deposited, rather than waiting for 3-5 days.
So now I rest for a while in a cafe...
7/
Eurodollars equalised trade beyond New York and London, into Hong Kong, Singapore, and the UAE. The first real rails of an interconnected world.
Stablecoins take those rails to anyone with a phone.
Full argument: https://t.co/GLysgYDEIH
In the 1970s it wasn't the oil trade that made the dollar dominant.
It was the Eurodollar that made oil traders choose the dollar.
A short thread on the system that built dollar dominance, its two flaws, and what inherits it.
6/
Stablecoins fix both by construction.
The USDT you hold is the same USDT anyone on the planet holds, verifiably backed 1-1.
And it settles directly between counterparties, at any hour, with screening once at each end instead of five times along a chain.
A price with knowable biases is still a price.
Before this market existed, a trader watching tankers stall behind Hormuz on a Saturday could do nothing until Sunday evening. Now that risk trades at any hour.
Full analysis, with the data: https://t.co/ISroNNMLba
1/ CME oil futures stop printing at 5pm NY on Friday and reopen 6pm Sunday.
For 49 hours every week, oil has no official price.
This spring, six weekends of the Iran war broke inside that window. But on-chain markets kept trading.
We pulled 39 million fills to see what happens when the only oil price in the world is set by a perp.
8/
What the crowd got right: the Brent-WTI spread widened from ~$1 to $9.43 going into the ultimatum weekend.
That's the exact fingerprint a Gulf supply shock should leave: seaborne barrels repricing against landlocked ones.
Wrong magnitude. Right structure.