Adam Hotson

When Labour came to power July 2024 it inherited a recent OBR forecast of a £77bn deficit for 2025/26. Part of a sensible, steady downward trend in borrowing after the binge borrowing during the pandemic and the energy crisis caused by the Ukraine war. Reeves blew up that downward trend and went on yet another borrowing binge, which is why the deficit ended up £132bn in 25/26, despite a massive increase in taxes. I see no grounds for ‘warm words’ whatsoever. Her reckless fiscal policies are why we have the highest borrowing costs in the G7.

@Cointelegraph That's because the banks know if we delay then CLARITY ACT DIES because it runs out of time. NO MORE DELAYS! Get the bill to mark up in APRIL!

The more ChatGPT now agrees with me the more I’m conscious that it’s designed to always agree with you and build on your narrative vs actually giving sound advice. I’m starting to dislike the app because of this honestly. Kinda loses a lot of its value when you realize this.

Stablecoin yield has dominated media coverage of the CLARITY Act. It matters, but it's not the only issue. The biggest challenge is ensuring non-custodial software developers aren't misclassified as money transmitters. That's non-negotiable for DeFi, and it's still unsettled.

With stablecoins, the banks aren't worried about deposit flight. They're worried about profit flight. These numbers are embarrassing.

It is so hilariously obvious that the optimal arrangement for airlines is to offer a free checked bag and charge for overhead bin space

🚨 $2.8 TRILLION ASSET MANAGER JUST CHOSE ETHEREUM Amundi (Europe’s largest asset manager) has launched a $100M tokenized fund on Ethereum. 🔹 $2.8T AUM 🔹 $100M deployed 🔹 24/7 on-chain transfers 🔹 Institutional treasury + collateral This is how capital starts moving. Funds → tokenized Settlement → on-chain Markets → 24/7 Ethereum is where it’s happening. $ETH $BMNR

the site hit today extracts 20% of the world’s LNG i have been arguing with people here for the past few days who have assured me Iran no longer had the capability to launch highly destructive attacks on critical energy infrastructure like this anymore due to the observation that they hadn’t fired as many missiles in recent days, a bunch of their leaders had been killed, and defenses were up at these facilities with all due respect, all of you beating the war drums are abjectly retarded and are sleep-walking us into an extreme global depression culminating World War 3 due to extreme resource scarcity WAKE THE FUCK UP

It still bugs my mind that people so easily flip-flop on narratives simply because they look weak for a moment... Take ultrasound money. This obviously started as a meme to make fun of the "sound money/hard money" narrative that Bitcoiners loved so much. The introduction of EIP-1559 and the move to PoS led to ETH becoming deflationary over longer periods... So what should we call an asset like ETH, that has lower inflation than Bitcoin and even goes as far as being deflationary at times? Tada... "ultrasound" (🦇🔊) money was born. But the main takeaway about it should have been this: Ethereum has a better monetary policy than Bitcoin. This policy is called "Minimum Viable Issuance." This means ETH issuance is based on staker participation and ensures ongoing incentives for securing the network indefinitely. Bitcoin doesn't have this. When all 21M Bitcoins are mined, Bitcoin will need new incentives or its security will both crater and be based on goodwill. The cool thing about Ethereum's monetary policy is that any activity that comes on top of Ethereum simply existing takes away from the inflation rate... and can even make it go deflationary at times. So a high-throughput, high-demand ETH is likely a deflationary ETH. With a roadmap to scale Ethereum ~200–500x, at least a sustainably super low inflation ETH will eventually become a reality in the future. It's not an if, it's a when. And what is easily dismissed by critics is this: through the worst of all times for Ethereum L1 activity, with everything moving towards L2s, ETH still has had lower inflation than Bitcoin. If BTC is sound money, ETH is ultrasound money. That's why my 🦇🔊 stays on.

we’re now in a hot war with resource implications for everyone in the world which this President promised he’d never start, and ridiculed others for years by saying that they’d start it with ground troops now heading that way with extremely weak political justification in the wake of the biggest scandal since Watergate and you’re worried my tweets may be read as too outlandish even as we’ve seen this insane chain of events actually play out in front of your eyes perhaps it’s you who needs to get a grip

Users do not use blockchains. They use products. The EF is not building a product. They are building a blockchain. A platform. That allows anyone to permissionlessly build whatever the fuck they want. I know it's confusing bc there are a lot of shallow, single-purpose blockchains out there. Shallow, single-purpose blockchains are products. The EF is not building a product.

BTC is digital gold. Fine, store it. But ETH powers the LARGEST onchain infrastructure w/ real utility, leading in Stablecoins, RWAs, DeFi, NFTs, DAOs, AI, developers, innovation & it’s fast and cheap. Yet ETH trades like none of this matters. One of the biggest mispricings !!!

@brian_armstrong Say Ethereum.

@AltcoinDaily Ethereum will* be the backbone of the decentralized internet

Truly fucking typical of a country as broken as the UK that the major talking points of the war with Iran seem to be “we need to push harder for Net Zero” and “we need to tax expats.”

most don’t even want to give this tech access to your passwords in OpenClaw so yah, we probably are not at the kill / no kill decision-making point yet at some point though, it will may better than having a human in the loop as for domestic mass surveillance, nah, fuck that shit completely

JPM MMF: Ethereum Fidelity MMF: Ethereum Blackrock MMF: Ethereum Amundi MMF: Ethereum Today, BNP Paribas MMF: deployed on Ethereum Notice a pattern? Ethereum is the best place to do business.

It’s not crypto, it’s Ethereum