Coinbase upgraded its X402 protocol to enable usage-based pricing for AI compute, replacing a flat fee model, and transferred protocol ownership to the nonprofit Linux Foundation.
Simon Dixon, having leveraged Bitcoin to retire early and sold his business to Coinbase, draws on his investment banking experience, which involved weaponizing debt and turning companies into "financial weapons of mass destruction," to analyze geopolitics.
Peter St Onge reports Wall Street banks are lobbying Congress to ban interest on stablecoins, which they see as an existential threat to fractional reserve banking. Stablecoins, backed 1:1 with treasuries, offer over 4% interest with zero fees, significantly outperforming traditional banks that are 7-10% backed and pay minimal interest.
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