Category: Chain of Thought
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Coinbase CEO fears Bitcoin replaces dollar if US debt grows as Elon Musk calls for firing of 215 Republicans
Coinbase CEO Brian Armstrong warns Bitcoin could replace the dollar as reserve currency if U.S. debt isn’t controlled. Elon Musk criticizes Republican spending, calling for their removal in next elections.
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Could Bitcoin Replace USD? Coinbase CEO Flags Risk as US Debt Hits $37 Trillion
Coinbase CEO Brian Armstrong warns Bitcoin could replace USD as reserve currency if US debt crisis continues, with national debt hitting $37 trillion amid fiscal instability concerns.
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Consensys CEO Joe Lubin envisions Ethereum anchoring global finance, surpassing Bitcoin
Consensys CEO Joe Lubin predicts Ethereum will surpass Bitcoin in value due to its utility and role in global finance. Consensys is engaging with sovereign funds and banks to build Ethereum infrastructure, signaling institutional adoption.
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DeFi must go back to its P2P roots to gain mass adoption
The article argues that DeFi must return to its P2P roots to achieve mass adoption by enabling permissionless interactions and restoring transparency as originally envisioned.
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Powell Confirms It—The Dollar Is Dying, Bitcoin Isn’t
Strike CEO Jack Mallers interprets Fed Chair Powell’s remarks as confirmation of the dollar’s decline and Bitcoin’s rise, citing the end of the Bretton Woods system and the need for a hard asset like Bitcoin.
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‘Gravy Train’ of US Spending Could Come to an End, Putting Lower Income Americans in Poverty: Senator Ron Johnson – The Daily Hodl
Senator Ron Johnson warns that excessive US spending may lead to social system collapse, risking welfare benefits and dollar’s reserve currency status due to hyperinflation.
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‘Nothing Stops This Train’ – Macro Guru Lyn Alden Warns Fed Has No Way To Slow Down Debt Growth in US Financial System – The Daily Hodl
Macro expert Lyn Alden warns the Fed can’t control US debt growth as high interest rates now increase deficits faster than they slow private credit, leaving no effective brakes.
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Nobel prize-winning economist says ‘stablecoins don’t serve any clearly useful function ’; Coinmetrics co-founder disagrees
Nobel Prize-winning economist Paul Krugman argues stablecoins lack utility and facilitate crime, comparing them to 19th-century wildcat banks. Coinmetrics co-founder disagrees with his assessment.
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Tim Draper: US Dollar Going Extinct—Bitcoin Set to Dominate Retail – Economics Bitcoin News
Venture capitalist Tim Draper predicts the U.S. dollar’s collapse, asserting Bitcoin will dominate retail transactions as fiat currency becomes obsolete.
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The machine economy has arrived and bots have wallets
The article explores the emerging machine economy where autonomous bots with wallets engage in commerce, earn income, and optimize services through blockchain and DeFi, transforming labor and value creation.
