Milk Road
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Lyn Alden: "The best product Coca-Cola ever sold was their bonds, not their Coke." Coca-Cola borrows at 2-3% while the money supply grows at 7%. They then use that cheap debt to buy scarcer assets. Governments do it. Corporations do it. Wealthy individuals do it. Everyone is shorting the currency... Except the people at the bottom. They can't access cheap debt and "are getting the full damage of the inflation" on their wages and savings. FT Lyn Alden Peter McCormack 🏴☠️🇬🇧🇮🇪.
Milk Road1,662,762 görüntüleme • 1 ay önce
Most critics think Ethereum is getting cannibalized by L2s. But the founders of Ethlabs believe Ethereum is quietly positioning itself to become the root of the global economy. Fast confirmation rules are set to slash transfer friction by 98%, L2s are onboarding tens of millions of real-world users, and L1 is cementing its position as the primary economic settlement hub. FT John Gillen - WartimeEthereum.eth ansgar.eth Barnabé Monnot | barnabé.eth Julian Tune in to know more ⏱ TIME POINTS ⏱ 01:42 - How Can Ethereum Become The Root Of The Global Economy? 05:44 - How Does Ethlabs Collaborate With Other Entities? 09:01 - Who Controls The Ethereum Improvement Proposal Process? 11:26 - Benefits & Tradeoffs Of Ethereum's New Org Structure 13:52 - The First Priorities And Target Upgrades For Ethlabs 16:15 - How Will Upgrades Like Faster Slot Times Reach The Market? 20:47 - Ethlabs Focus: Short-Term Upgrades vs Long-Term Goals 22:53 - Is There A Concrete Roadmap For Ethlabs? 27:00 - What Is The Strategy For Growing Ethereum User Adoption? 29:01 - Sponsor: Securitize 29:39 - Sponsor: Bitget 30:12 - What Are The Ecosystem Builders' Takes About Ethereum? 33:22 - Does Layer 2 Growth Accrue Value To Ethereum Or To L2s? 38:39 - The Updated Vision For L1 And L2 Alignment 41:45 - How Will Ethereum Balance ETH Asset Supply And Demand? 46:10 - What Do Collaborations With DATs Look Like? 50:06 - How Can Devs And Community Members Contribute To Ethlabs? 51:29 - How Is Ethlabs Navigating Crypto Twitter Dynamics?
Milk Road247,751 görüntüleme • 14 gün önce
Novogratz: the CLARITY Act passes, and it happens in August. "I think it's going to be a last-minute small little compromise" on ethics, modeled on the Laken Riley Act structure where state AGs can sue the DOJ but not the president directly. Senator Warner told him personally: "No matter if I never have to hear the word crypto again after this act is passed, I'll be happy." The people who've ground through this for years are desperate to close it out. FT Anthony Scaramucci Mike Novogratz All Things Markets SkyBridge.
Milk Road93,815 görüntüleme • 8 gün önce
Tom Lee on why institutional money HAS to buy $BMNR instead of $ETH directly. Large asset managers "can't buy ETH, the native token, because they would actually have to maintain a crypto wallet." But they can buy equities. Bitmine is in the Russell 1000 and trades on NYSE - "the only Ethereum large cap stock they could buy today." The equity investor universe is $240T. The native crypto investor universe is "a couple hundred billion." The numbers on where the big money flows is pretty clear. FT Thomas (Tom) Lee (not drummer) FundstratDirect.com Bitmine (NYSE-BMNR) $ETH.
Milk Road49,983 görüntüleme • 4 gün önce
Raoul Pal: Once you take consciousness as the substrate, they all converge on the same answer. "Everyone's been arguing about different things but mainly because they were all coming from different angles." The Hindu Vedas figured it out 5,000 years ago. Then science spent centuries breaking everything into silos (physics, biology, neuroscience, economics) each going deeper into their own piece. FT Raoul Pal Real Vision.
Milk Road47,961 görüntüleme • 5 gün önce
Lyn Alden: People keep asking "when will the debt matter?" Like there's some big day of reckoning coming. "Sovereign debt tends to work differently. It tends to be more of a process." "It has been mattering... since about 2018/2019." The US deficit is now bigger than ALL private bank lending combined. That's never happened outside a recession before. FT Lyn Alden Danny Knowles.
Milk Road299,407 görüntüleme • 1 ay önce
Lyn Alden: Private equity will buy your favorite businesses, gut them, lever them up, and flip them in 3-7 years... "People would say, I really liked my veterinarian clinic and then it just went to sh*t all of the sudden..." "Basically what happened was a private equity fund bought it." There's a better model: buy great businesses and use the cash flows to build a $BTC treasury. FT Walker⚡️ Lyn Alden THE Bitcoin Podcast.
Milk Road76,649 görüntüleme • 9 gün önce
Kevin Warsh's logic behind killing forward guidance: "Financial market prices are probably the most important source of information to guide central bankers." "But when all the financial markets are doing is reflecting back what we've said - then we're taking the most important source of information, and we're being blind to it."
Milk Road368,514 görüntüleme • 1 ay önce
Mike Novogratz: No one cares about anything outside the AI food chain right now. "Crypto is in that... we tried to make the crypto agentic link. It's actually a real link. It's not a theoretical link..." "But no one cares about crypto right now." "Markets need energy." "And then you've got Saylor selling a little bit. I don't know why he did that, it was a strange move..." "It was a tiny amount - but if the guy with laser eyes is selling $BTC, that's not good either." FT Anthony Scaramucci Mike Novogratz All Things Markets SkyBridge SALT.
Milk Road394,365 görüntüleme • 1 ay önce
Lyn Alden: The market keeps relying on outdated inflation patterns. Everyone learned from the 70s that "the solution to inflation is always higher rates." But that was an era when money creation came from bank lending. "When you're in fiscal dominance... every time they raise interest rates, they actually blow out the fiscal deficit even more." The Fed is fighting the wrong fire with the wrong tool. FT David Lin Lyn Alden ego death capital.
Milk Road292,871 görüntüleme • 1 ay önce
Lyn Alden: Money supply in the developed world has historically grown around 7% per year. The average salary raise = Maybe 2-3%. Over a decade, you're getting a smaller and smaller share of the total money supply just by showing up to work. "People kind of look around and say, 'why does it seem like everything's more expensive? I'm still earning money, but it just doesn't feel like it goes as far.'" "And a lot of times they're right." FT Lyn Alden Peter McCormack 🏴☠️🇬🇧🇮🇪.
Milk Road200,359 görüntüleme • 1 ay önce
Raoul Pal: The best performing brokerage accounts at every firm are the ones belonging to dead people. "It's because they don't sell." "Unfucking your future is compounding. F*cking up your future is trying to trade." Very few traders actually make compounding returns. Buying and holding in the right secular trend beats almost everything - and you don't even need to be smart to do it. FT Raoul Pal Real Vision.
Milk Road245,498 görüntüleme • 1 ay önce
Mike Novogratz: The US has $40T of debt and there's only one way out. "The only way we deal with that debt is to inflate it away. Period. End of story." Run 4% inflation while convincing markets you're targeting 2%. Do that for 10 years and you've erased 30% of real debt. The danger is that people could lose confidence, and 4% becomes 14% or 40% - wiping out debt AND wealth simultaneously. FT Anthony Scaramucci Mike Novogratz All Things Markets SkyBridge.
Milk Road306,031 görüntüleme • 1 ay önce
Lyn Alden: The entire modern money system is only 55 years old (most people alive today were born before it existed). "It's kind of like this been this grand experiment that the whole world has done." Before the 1970s, money was backed by gold. Now it's just a list of ones and zeros managed by people who can't balance a budget. The question was always whether politicians could run a ledger responsibly. "The answer so far is that in almost every country imbalances slowly grow." FT Lyn Alden Peter McCormack 🏴☠️🇬🇧🇮🇪.
Milk Road195,120 görüntüleme • 1 ay önce
Lyn Alden: Bitcoin's 4-year cycle had its best run, and now AI is eating its lunch. "For a long time, Bitcoin was the fastest horse really that you could invest in." But the rise of AI companies gave investors a 10x alternative. Capital that used to chase $BTC is now chasing semiconductors. Bitcoin's unique edge - self-custody, borderless, unseizable - doesn't disappear. But from a pure price performance standpoint, "AI is kind of sucking a lot of the attention out of it." When AI goes sideways, Bitcoin may re-attract that capital. FT Lyn Alden GoldRepublic.
Milk Road221,436 görüntüleme • 1 ay önce
BMNR is sitting on $600M cash and generating over $250M a year in staking rewards. Tom Lee: "Money is becoming software and when you make it composable, there is a transformation of the economy - and that's really where Ethereum's going to shine." With 80% of $ETH staked, investments in Mr. Beast and Eightco, and new Ethereum Foundation spin-offs getting funded soon, Tom Lee says the bull case is intact even if the price is brutal right now. FT Anthony Scaramucci Thomas (Tom) Lee (not drummer) FundstratDirect.com All Things Markets SkyBridge.
Milk Road187,013 görüntüleme • 1 ay önce
John Gillen: The guy who called Micron at $60 before anyone understood the AI memory bottleneck is now laser-focused on $BTC and $ETH. Jordy Visser (former head of macro at Morgan Stanley) rode Micron from under $100 to $1,200. Now he's saying "a year from now, Bitcoin is going to be the crowded trade. Ethereum is going to be the crowded trade." Retail is usually last to figure this out. And when they do, they're one of the strongest drivers of the bull run. FT John Gillen - WartimeEthereum.eth LG DOUCET Securitize.
Milk Road99,309 görüntüleme • 21 gün önce
Mert: $NEAR is still massively undervalued. "If you look at crypto as a whole, it is one of the only things that stands out to me for how undervalued it is compared to the things above it." NEAR did what Ethereum originally promised with sharding and actually built it. FT MR SHIFT 🦁 mert Helius.
Milk Road63,503 görüntüleme • 13 gün önce
David Hoffman: "The decision to sell my $ETH came from seeing a difficulty in the Ethereum network being market competitive." ETH went from 90%+ smart contract dominance to 60%, and that gap is the difference between "ETH is money" and "ETH is just another L1 asset." What's missing is a killer instinct at the top (the EF). FT John Gillen - WartimeEthereum.eth David Hoffman Camila Russo The Defiant.
Milk Road288,833 görüntüleme • 2 ay önce
Lyn Alden: Social security, pensions, Medicare... "it's basically a Ponzi scheme at the end of the day." They were all built on the assumption that every generation would be bigger than the last. Fertility rates collapsed. Now a shrinking group of young workers has to support a massive aging population. The politicians who designed it are long gone. And now the bill falls on people who had no say in any of it. FT Lyn Alden Peter McCormack 🏴☠️🇬🇧🇮🇪.
Milk Road151,481 görüntüleme • 1 ay önce