Weekly Roundup 05/19/23 (Texas PoR bill, the Hinman test revisited, what's up with Worldcoin?) (EP.426)
On The Brink with Castle Island
The Risk Free Rate
I think we need to give up on the idea of trying to fairly issue a new coin to the whole of the world's population. People with more resources will try and install themselves as privileged issuers, so it holds for any distribution method. Circle has now reduced their exposure to treasuries. This is going to markets are going to be in turmoil here. I mean, Bitcoin will certainly sell off as a risk asset if there's no deal struck here.
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