CryptoPainter_X

Ethos ranking has entered the top 100!

There is still a long way to go to reach the peak of Chinese language - Teacher Guhe at 19th place!

However, in this process of exploring ratings and mutual guarantees, I have actually gained a lot, getting to know a bunch of bloggers who truly create content. Whether it's investment research or simply earning, there is really good content;

This has given me a clear feeling that people born in the 90s are all in the secondary market, while those born in the 00s are all in Web3!

This is reminiscent of the 2021 bull market, where old players were all in BTC, while new players went to DeFi...

This gives me a strong sense of crisis; if those born in the 00s are playing in markets I'm not familiar with, then I must force myself to learn!

Yesterday, inexplicably, there was an increase of 58 Yaps. Previously, there had been many days without any increase. It is preliminarily determined that @KaitoAI's algorithm is still the same, targeting interactions rather than content;

I am increasingly feeling that what Kaito is doing is not the attention economy in the cryptocurrency or Web3 field, but rather an algorithm platform that can be extended to various fields;

I am actually quite looking forward to Kaito not only expanding its income from TGE projects but also continuing to extend to other fields. As long as they can find sponsors willing to pay, they can attract a large amount of attention, even if it is unrelated to cryptocurrency, and complete the business loop;

From this perspective, it seems a bit underwhelming for Kaito to only expand in the Web3 field!

Today I saw a bold claim, let me briefly summarize it:

Tether obtains US dollars and issues an equivalent amount of USDT, after which 80% of the main dollar reserves are used to purchase U.S. Treasury bonds...

In this process, USDT is created out of thin air, the US dollar has actual purchasing power, and has become an asset;

In other words, 1 dollar actually turns into 1 USDT and an equivalent U.S. Treasury bond;

Here comes the problem:

If USDT does not enter the circulation of the U.S. economy and only operates in the cryptocurrency market, then this mechanism has no issues...

But if USDT enters the circulation of the U.S. economy, and some Americans can easily use USDT for payments, then it is equivalent to Tether itself taking dollars out of the market and returning them to the market in the form of USDT;

At the same time, there is also 1 dollar being used to purchase Treasury bonds...

I wonder if you have noticed the problem?

This is equivalent to creating 2 dollars of currency with 1 dollar!!!

The same logic is similar to the financial operations of Alipay and Ant Financial back then, with cycles plus multiple leverages...

Due to the existence of dollar stablecoins, while 1 dollar creates 2 dollars of currency, the new 1 dollar may also partially turn back into a stablecoin, creating even more new liquidity...

This could lead to a stablecoin issuing company becoming a small central bank... or a mini Federal Reserve...

Thinking further becomes chilling; if Trump vigorously promotes the stablecoin strategy to allow the domestic economy to accept stablecoin liquidity, then with just a few simple steps, a large amount of dollars circulating internally in the U.S. can be converted into stablecoins, while also using these dollars to purchase Treasury bonds, completing the ultimate debt monetization!

In that case, stablecoins and dollars would become the new mainstream currency, circulating within the U.S. without causing inflation, and the dollars in the hands of the American people would indeed turn into Treasury bonds!

The U.S. would also become the first country to widely adopt stablecoins, which is in line with what Trump said about "ensuring blockchain innovation occurs in the U.S....

I wonder how everyone views this bold claim?

Is this an effective "debt monetization" plan?

Prediction about PolyMarket's forecast for BTC to reach the price level for the first time in May:

Currently, 74% of the bets expect it to first break 100k, and then gradually decrease around that position, showing a similar normal distribution;

Interestingly, if we distribute the probabilities evenly, the highest probability price given by the betting funds is almost slightly below a certain position of 100k.

As a trader in the cryptocurrency world, where do you usually live?

The ranking of villains in Ethos! SBF can only rank third...

In the cryptocurrency world, if reputation and morals are not considered, then this list is a model for the big players to learn from!