cryptobanking
It's like regular finance but much worse.
RWAs, cryptobanking, stablecoins, financial plumbing on open and transparent rails
@monteluna
People should not be celebrating this nonsense, and usually TV shows of an industry that highlight it's ridiculousness in a comedic or tragedy sense means the public knows it's in a decline since the same public knows it's pathetic.
Seinfeld. (1990s lower middle class city living)
Ally McBeal. (2000s M&A law)
Silicone Valley. (2010s startups)
Many more cases. Many more to be soon. Crypto TV show coming soon.
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@monteluna
"I think that's what this metals move is about. They're looking for sovereign reserve collateral."
https://www.youtube.com/watch?v=2zlZLPJLc0M
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@monteluna
I'm genuinely shocked that people don't understand monetary plumbing and actually believe the European union has any power here.
The reason for this is 20% of the imports and exports of EU countries are denominated in US dollars. Some of this is trade between EU countries.
Theres this running theory that the EU can dump US bonds and spike interest rates, but the problem is that would destroy that 20% since a lot of it is financed.
The global US monetary system is designed to be a hydra and creep into every global economic participant. Killing it is way harder than you think, and if you try you will just destroy your own economy since it depends on external suppliers for goods. Unless your country can make everything it needs and wants internally, you can't just exit the dollar.
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@monteluna
U.S. Dollar Stablecoins have the opportunity to do a really funny thing here...
https://x.com/tedpillows/status/2010769342032499005?s=46
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@monteluna
You either die a relevant money system or live long enough to manipulate your interest rates.
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@monteluna
"When a coordination layer becomes universal, it stops being just plumbing. It becomes leverage. Denial becomes a geopolitical instrument."
https://hackernoon.com/when-defi-turns-reputation-into-middleware
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@monteluna
Levine is right here. This is kind of goofy.
At the simplest level, me and you can agree to a fun contract:
- If I sell my house above $X price for $Y, I will give you $Y-X.
- For the right to do this, you have to pay me a monthly premium.
On paper this sounds great because I am generally unlocking my equity in the home, and you get exposure to the home. This actually would be a great product!
Except:
What if I had a puppy party right before closing and let them poop all over the living room floor, guaranteeing the price stays below $X?
The Problem:
Options make sense for liquid, fungible things, and especially when neither the buyer or the seller of the option has a low effect on determining the price. This is fundamentally a "Principal Agent" issue.
https://www.bloomberg.com/opinion/newsletters/2026-01-06/predict-your-house-price?cmpid=BBD010626_MONEYSTUFF&utm_medium=email&utm_source=newsletter&utm_term=260106&utm_campaign=moneystuff
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@monteluna
I always wonder what backroom data she saw where Lord Yellen didn't do this.
Did she think it would rapidly increase bond rates? Hindsight is 20/20 so if she did it the government would have raised trillions, but I question if I just don't understand the market mechanics for why this wasn't a priority even though people were writing opeds in FT saying this should've been a priority.
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@monteluna
@pinged and the gang talking about ADLs and how perpetual markets get caught underwater.
https://www.youtube.com/watch?v=FCizHksGCC8
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@monteluna
The US is in prime position to solidify it's dominance of global trade, simply because we're willing to play the game.
London on the other hand has had 500 years of being a financial center of the globe. They have everything to lose, so their best strategy is prevent the game from being played.
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