Around 2pm yesterday afternoon, Caixin published this article and then deleted it within seconds...

In an AMA on Reddit, Dalio was asked about his views on the value of Bitcoin. He responded: - "Bitcoin is now an alternative currency with a limited supply. Therefore, all else being equal, if the dollar money supply increases and/or demand decreases, cryptocurrencies are likely to become attractive alternatives. - At the same time, Bitcoin also presents significant disadvantages during periods of volatility—for example, the potential for government surveillance and even control, and the possibility that its programming code can be cracked by new technologies. - For this reason, it is unlikely to become a reserve currency. - Gold, on the other hand, is a third-largest reserve asset that governments and individuals hold when they feel threatened. While it also has its flaws, it has a longer and more established track record. - Based on these considerations, I hold a small amount of Bitcoin and a larger amount of gold. However, the key is to allocate to alternative currencies that effectively store wealth, as most fiat currencies (especially those with high debt) are not effective stores of value and will continue to depreciate relative to hard currencies."

😉

Uh... Binance went up and down a bit. Dolomite... Isn't the most striking feature of this so-called next-generation money market trading platform that its co-founder, Corey Caplan, is a key advisor to the Trump family's World Liberty Financial? I don't understand.

"AI" and "stablecoin" were the two most frequently used terms by Stripe at this year's Stripe Tour Asia. By the way, the entire Stripe team refused to answer questions or disclose any information regarding Tempo, the legendary stablecoin chain. However, they were forthcoming about the enormous potential of stablecoins in the development of the "internet economy." Stripe summarized the key advantages of stablecoins for the payment industry audience: - Fast - Economical - Open - Programmable

In the interview, Uma also mentioned that ETH validators currently earn approximately $4-5 billion in ETH issuance revenue annually. If 10% of this revenue were allocated to zk proofs in the future, zk provers would generate approximately $400 million in revenue annually. Uma also mentioned numerous future use cases for zk proofs (zk identity verification and various privacy-related proof requirements), demonstrating the significant market demand.

At the Stripe office, I saw their book corner, filled with books from their publishing team and print editions of "Works in Progress" magazine. I couldn't put them down. (For a moment, I really wanted to go back to making magazines.) The guy who invited me said, "Take whatever you like." I was about to explode! Holy crap! Why didn't you tell me about this earlier? I would have come with my suitcase! One of the reasons I love Stripe so much is that they have such a great culture. For a tech company, they have a publishing team, and their publications are high-quality and interesting (for example, their recent book about AI, "The Scaling Era," by Dwarkesh).

I posted the photo to my WeChat Moments, and immediately Lu Yao @levi0214 commented: "Patrick Collison, one of the founders of Stripe, loves books. He has an incredibly long book list on his blog, and he's read a lot of interesting books based on it." Sure enough, there are friends who know what they're talking about. Another friend of mine, a very talented designer from his time in the media industry over a decade ago (every time I pointed at his computer screen while reviewing a layout, he'd roll his eyes. I know what he was thinking: Don't let your taste guide my work with this?") also immediately commented: "Stripe's publications, including their official website, are incredibly well designed. Every aspect of the design is top-notch. Bring me a copy of their magazine, and I'll treat you to a meal." A founder's taste is truly a priceless asset.

By the way, the true leader in the prediction market is undoubtedly @Domahhhh. Many of his insights are concise and profound, and worth careful consideration. Also, @j0hnwang has been very active in this field and has many fascinating insights. 👏

A job posting confirmed that payments giant Stripe is collaborating with Paradigm (Matt Huang is a Stripe board member) to develop a high-performance blockchain called "Tempo." Following this, Fortune magazine, citing sources familiar with the matter, revealed further information: - Tempo is positioned as a high-performance, payments-focused blockchain; - It is a Layer 1 public blockchain (not built on other protocols); - It is EVM-compatible; - Applicants for marketing positions must possess "marketing experience targeting Fortune 500 audiences" (clearly not targeting native crypto users).