Stablecoins aren't some weird new invention. They're banking rebuilt from zero — the same first-principles experiment Scotland ran 300 years ago, now on neutral, transparent, internet-native rails.
📚 Adrian's rec to internalize all this: A History of Scottish Banking by S.G. Checkland — out of print, but Steakhouse is bringing it back.
Full convo in the latest episode. 🥩
🧵 Why does Adrian from Steakhouse keep bringing up 17th-century Scottish banking when talking about stablecoins? Because it's the same principles, 300 years apart.
A thread 🥩
@adcv_@SteakhouseFi
Regulation isn't a magic shield
Today we've got the GENIUS Act and MiCA, and clear rules are good. But Adrian's reminder cuts both ways: heavily regulated Switzerland still lost one of its two systemically important banks. Regulation isn't a vaccine against failure — sound design is.
"stablecoins are banking in its purest form."
Adrian goes back to Scottish banking history and makes connections to todays infrastructure.
catch the full ep 🥩
Eko33 (@Eko3316) walks through a single Specular Cortex output, highlighting the balance between cohesion and variation across the collection.
From his conversation with @SteveMiller on Color Commentary.
Talked to Adrian from Steakhouse Financial on why stablecoins & DeFi actually matter — and what you can do with them.
HERE ARE THE INSIGHTS
@adcv_@SteakhouseFi
Thread 👇
The old DeFi was a "Sahara desert" of fake emissions yield — that's ending. Adrian's building Grove to fix the deepest dislocation: T-bills are "liquid" at T+1/T+2 in TradFi, but DeFi means same block. Grove Basin gives tokenized money market funds instant on-chain liquidity, collapsing the TradFi/DeFi rate gap.