Lyn Alden, Discover and Read the Best of Twitter Threads by @LynAldenContact

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Proof-of-Stake is legacy tech. It's what corporations and banks have run on for centuries. It's outdated and oligopolistic. And yet, still useful for centralized systems.Proof-of-Work is the new innovation, especially

Broad money growth generally occurs in one of two ways: either banks lend and create deposits (and thus increase the money multiplier, M2/MB) or when bank lending seizes up, governments

In April and May, there will be various easy comps from low base effects that will make some year-over-year numbers look quite high.Official CPI for example is likely to hit

Here’s a new thread on the dollar, swap lines, and the treasury market. With lots of charts.AKA “Why the global dollar shortage is not insurmountable.” There is $250+ trillion of

Quick thread on central bank liquidity swaps and global dollar liquidity. Since the GFC, there have been three periods of major swap line usage; 2008, 2012, and 2020, shown in

A lot of people ask me about bitcoin.I wrote one article on bitcoin back in 2017 with a neutral outlook, and the bitcoin price has been volatile but largely sideways

The dollar bull vs dollar bear debate often focuses on the $12 trillion or more in dollar-denominated debt that exists outside of the United States. However... (thread) The other side

So, when foreigners are short dollars, they can sell their U.S. assets to get dollars. As a specific example, foreigners liquidate their Treasury holdings that they hold at the Fed