Episodios

  • Episode #185 – ABS Ratings = Milkshake NGU

    Episode #185 – ABS Ratings = Milkshake NGU
    Feb 26 2026
    Episode #185 | Published February 26, 2026 A lender took a pool of bitcoin-collateralized loans, packaged the pool into an asset-backed security, sold roughly $188 million of bonds, and cleared investment-grade treatment on senior notes. That is not just a headline event. It is a structural transition where Bitcoin collateral gets translated into bond language: […]
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    36 m
  • Episode #184 – On the Same Page

    Episode #184 – On the Same Page
    Feb 19 2026
    Two independent research teams arrive at the same conclusion: Bitcoin blocks are quantized time. How K=IC2 reframes the bitcoin thesis through the physics of information, constraint quality, and the Cf/Cp ratio.
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  • Episode #183 – Capital in the 22nd Century

    Episode #183 – Capital in the 22nd Century
    Jan 23 2026
    A response to the paper Capital in the 22nd Century. The paper argues AI will create permanent techno-feudalism. Its starting assumptions are profoundly wrong. Wealth is not a stock of stuff. It is the set of problems we know how to solve.
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    Menos de 1 minuto
  • Episode #182 – Kabuki Theatre

    Episode #182 – Kabuki Theatre
    Dec 5 2025
    The financial system is Kabuki Theater. AI content floods the internet while nobody can tell real from fake. Bitcoin bridges physical cost to digital information. The reverse repo, declining loan rates, and why early adopters still have a massive advantage.
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  • Episode #181 – Fermi’s Folly

    Episode #181 – Fermi’s Folly
    Nov 11 2025
    38 m
  • Episode #180 – Gradients Are Everywhere

    Episode #180 – Gradients Are Everywhere
    Nov 3 2025
    This episode explains how monetary gradients drive capital from trust-heavy systems toward verification-heavy systems, reinforcing the long-term bitcoin thesis.
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    34 m
  • Episode #179 – Pizza Dough

    Episode #179 – Pizza Dough
    Oct 29 2025
    46 m
  • Episode #178 – What Constrains the Constraints

    Episode #178 – What Constrains the Constraints
    Oct 24 2025
    26 m