My very reductionist hot take: This is when BTC truly becomes global digital gold. Higher tariffs (or even the threat of them) lead to increased isolationism and self-reliance for all countries. This means countries which used to rely heavily on US now have to invest in their own economies. Each of these governments must now increase deficit spending to fund these initiatives. Money printing across the globe in order to fuel it. And what does the avg person buy when their local currency is inflating?
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A user asked some great questions about @baselinemarkets and wanted to take the time to answer publicly. I think Baseline is one of the coolest systems being built in crypto, but I don't think many understand wtf we're doing. So I'll start with a bit of context. The concept of IL is a bit incomplete on its own. You have to look at it as "inventory risk", how much risk are you taking on for holding this position vs holding spot. Further, it is a very profit-seeking human way of looking at LPing. In context of the BMM, is not only a market maker, it is also the issuer and originator of the asset. It is *completely fine* holding the token forever, therefore, 0 inventory risk. Its a smart contract, with its sole job to ensure the health of the market, via providing liquidity in the pool, lending, and supporting price. so to answer the questions:
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Having so much fun with claude code. I'm finally building things I never had the time to do, in literally hours. Made a little game thats been stuck in my head for years. Im absolutely dumbfounded how good this tool is. Feels like a whole new world has opened up.
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