Four years of quiet research, dogfooding with our funds, & perfecting, perfecting, perfecting. A handful of you knew & helped with feedback along the way. Meant more than you’ll ever know. I’d be lying (& a moron) if I said I’m not scared sh*tless shipping into such chaos. But alas, ships aren’t built to stay in ports & so we either wait the storm out or sail straight through. Deeply, deeply proud to bring yall what we think is the single-best multisig experience out 👇👇👇

Sunset skies afire tonight in #NYC on the eve of the Nor'easter. #NewYork #NewYorkCity #sunset

That’s most of history

Meta VR Glasses Coming Spring 2027.

Don’t lose your multisigs folks :) We’ve figured out a way to measure how “safe” an m-of-n is.

We just finished recording with @alexandersblume, CEO of @two_prime. Discussing Bitcoin lending, the current yield landscape, and the firm's recent on-chain vault launch. A few takeaways: 1. The Bitcoin hurdle rate Blume's view is the natural CAGR of the asset is the "risk-free" rate. While qualified custody can make that position slightly negative. - “the risk-free rate is something like negative 40, 50 bips.” 2. Lending out Bitcoin Direct lending out of BTC can see roughly 1–5%, depending on duration, terms, and collateralization. Who are users of this type of lending? — “Large hedge funds use it as collateral to trade. Prime brokers use it as a way to facilitate client activities." 3. Vaults as cheaper capital-formation Blume says a properly built fund can cost $150k–$250k to set up, while a vault can be much less. That lowers the operating cost and opens the product to investors below a $10m SMA. — “a vault is less than that, maybe it's 25 to 50k.” 4. The visible yield menu has tradeoffs Incentive farming is hard to scale. Borrowing dollars against BTC, then chasing onchain yield, adds risk layers. Covered calls can be crowded and poorly paid when volatility is low. — “With current IV, you could not pick a worse time to find a covered call selling strategy.” 5. Our Trust model is deliberately hybrid Pareto curates. ICE provides custody. Monthly NAV reporting and loan approval sit alongside Two Prime's underwriting and track record. “Onchain” does not mean every part is transparent or permissionless. — “I want to be directly in DeFi as little as possible as a starting point.” 6. The billion dollar ambition The ambition is institutional-scale Bitcoin credit. — “I'm in this to make a multi-billion-dollar vault.” The full interview will go out to the BitcoinYield mailing list first on Monday. Public release two days later. Join the list: bitcoinyield.com/#newsletter

never doom, there’s nothing more noble than the pursuit of the Great Questions

Calling all shitcoin miners mining bitcoin (XBT). YOUR REWARDS WILL BE FROZEN FOR AT LEAST 45 DAYS. The goal of the softfork is to get you to fuck off. IF YOU STILL STICK AROUND WE WILL EXTEND IT TO FROZEN FOR 365 DAYS Do us all a favour, and shut the door on your way out

Wasted Russian national at @PubKey excitedly telling me he & his clanker figured out the great unifying theory. I love NYC.

Some free alpha here: study FROST. It may or may not become more relevant in the coming days.

Crimp-maxxing & wall-mogging (hard v4, flashed, feeling the intermediate -> advanced plateau hit)

my most problematic vocal stim

When the time is ready papo…we’re here for yall to Cofund 🫡

How it feels to reach into a previous life & apply Monte-Carlo simulations to multisig quroum loss.

🚨 TODAY: The SEC issued an order granting temporary, conditional exemptive relief to Tokenized Securities Venues from the definition of “exchange” in the Exchange Act to trade tokenized NMS stock using innovative permissioned automated market makers and liquidity pools.

You can say what you want about Iran but they're definitely pretty unique in their communication: never seen a country threaten another with a math equation before 😅 For those who didn't get it: there is a famous monetary policy formula used by the Fed called the "Taylor rule" that says a central bank's policy rate (i) should equal the neutral real rate (r*) plus target inflation (π*), plus 1.5 times the inflation gap and 0.5 times the output gap (the "i = r* + π* + 1.5(π−π*) + 0.5(y−y*)" part of Ghalibaf's formula). Ghalibaf adds α(SOH−SOH*) and β(BEM−BEM*): SOH referring to the Strait Of Hormuz and BEM to Bab El-Mandeb. Both have positive coefficient, meaning the more those chokepoints are choked, the higher the rate the Fed would have to set to fight the resulting inflation. In a nutshell this is Ghalibaf trolling the Fed, telling them that Iran is - in a very real way - setting American monetary policy.

She’s grinning from ear to ear because she passed her FBI entrance exam.

JARVIS, play Homecoming by Kanye West. Are you really a local if you don’t go for a dip in [XXX] with your spare 30 mins?

Lmao you f*cking retards really thought the fat pedophile brazenly grifting billions in shitcoins would have zero consequences 😭

Hot take: Trump coin, World Liberty, USD1, and Melania coin are why CLARITY failed. An unprecedented $1.3 billion pocketed. More than all past U.S. presidents made during their terms combined.

regulators psyopping you into thinking you need their permission to roll some die & do a wee’ bit of multiplication