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CoinDesk Podcast Network - BITCOIN SEASON 2: Why tokens don’t work (except for Bitcoin)

Gwart discusses the death of the fat protocol thesis, why DAOs became dysfunctional, and crypto's shift from public goods delusion to revenue-focused businesses. Plus thoughts on Bitcoin maximalism and Solana's pragmatic approach.


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Gwart joins us to talk about the collapse of crypto's "public goods" era and why the revenue meta is taking over. We dive deep into the fat protocol thesis, why DAOs failed, the difference between Bitcoin and crypto, and how builders are finally focusing on sustainable businesses instead of token hacking.


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**NOTES:**

• Pump.fun crossed hundreds of millions in revenue

• Fat protocol thesis originated 2016-2017

• iPhone example: $1,000 vs theoretical $10,000

• Uniswap has fee switch but hasn't turned it on

• Thread guy has 5% Bitcoin portfolio allocation

• Bitcoin could 10x in next five years


Timestamps:

00:00 Start

01:59 Bitcoin vs Crypto

06:08 What does Gwart "believe" in?

08:33 Revenue Meta & Fat Protocol Thesis

13:36 Interpreting the Fat Protocol Thesis

19:25 Analogies to Linux, etc

27:18 Is the DAO dead?

31:27 Devs

37:35 Creators of the Revenue delusion

40:46 Are stonks the new tokens?

45:01 Solana maxi

50:22 Real World Assets ;P

53:10 Minting new BTC maxis


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Big Technology Podcast - Trade War Scorecard: What’s Changing, Who’s Winning, What’s Next — With Ryan Petersen

Ryan Petersen is the CEO of Flexport. Petersen joins Big Technology to discuss how the latest round of tariffs and trade-war maneuvers are rewiring supply chains worldwide. Tune in to hear him unpack everything from 145 % “Liberation Day” duties and $5 K containers to the death of the de minimis loophole and what it means for Amazon, Temu, and Shein. We also cover the Panama Canal drought, AI that robocalls 400 K truckers, warehouse-robot reality checks, and why customs fraud just became the DOJ’s No. 2 white-collar priority. Hit play for a rapid-fire scorecard on what’s changing, who’s winning, and what’s next in global trade. --- Enjoying Big Technology Podcast? Please rate us five stars ⭐⭐⭐⭐⭐ in your podcast app of choice. Want a discount for Big Technology on Substack + Discord? Here’s 25% off for the first year: https://www.bigtechnology.com/subscribe?coupon=0843016b Questions? Feedback? Write to: bigtechnologypodcast@gmail.com

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Marketplace All-in-One - Public infrastructure investments and Texas’ deadly flooding

More than 100 people are dead and 170 are still missing in Texas, where, on July Fourth, the Guadalupe River in Kerrville rose more than 30 feet in five hours. Staff shortages at the National Weather Service may have made it harder to coordinate a response, and Texas lawmakers are now reconsidering a bill to improve local governments’ emergency communications infrastructure. Also: the economics of rebuilding wildfire-burnt homes with fire-resistant steel framing.

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Marketplace All-in-One - British farmers warn trade deals could threaten livelihoods

From the BBC World Service: England's biggest agricultural show has started, but away from the sheep shearing competitions and livestock judging, farmers are talking about international trade — and they’re adamant about not giving ground in any future negotiations. Plus, the U.K. government is capping tax relief on farmland passed down through generations. And, we hear from a Scottish sheep farmer with more than 400,000 followers on YouTube about how merchandise tie-ins are supporting his business.

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Reset with Sasha-Ann Simons - The Story Of Chicago’s July 1995 Heat Wave

This week marks 30 years since a blistering, oppressive heat wave boiled the Midwest, hitting the Chicago area the hardest. Temperatures reached a height of 106 degrees, and the heat index soared to the 120s. The heat – combined with a number of overwhelmed city agencies and a buckling power grid – would contribute to the deaths of 739 people. Reset looks back at the summer of 1995 and digs into whether Chicago is ready today for similar heat waves with NYU sociologist Eric Klinenberg, author of the book “Heat Wave: A Social Autopsy of Disaster in Chicago.” For a full archive of Reset interviews, head over to wbez.org/reset.
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Audio Mises Wire - The Fallacy of “Measuring” Inflation

While we often speak of measurements of inflation (such as "inflation went up by three percent"), in reality, one cannot accurately measure it, given official measurements consist of arbitrary weighted averages. It is better to see inflation as qualitative, not quantitative.

Original article: https://mises.org/mises-wire/fallacy-measuring-inflation

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Up First from NPR - Texas Storm Toll, Trump’s Foreign Policy, Supreme Court Allows Federal Layoffs

Rescue and recovery efforts trudged on for a fifth day after devastating floods hit central Texas, President Trump hosted Israeli Prime Minister Netanyahu at the White House as they worked to make a Gaza deal, and the Supreme Court is allowing the Trump administration to move forward with plans to lay off hundreds of thousands of federal employees.

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Today's episode of Up First was edited by Alfredo Carbajal, Dana Farrington, Krishnadev Calamur, Janaya Williams and Alice Woelfle. It was produced by Ziad Buchh, Nia Dumas and Christopher Thomas. We get engineering support from Zo van Ginhoven. And our technical director is Carleigh Strange.

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Marketplace All-in-One - Are we “flying blind” into peak hurricane season?

The National Weather Service lost some 600 positions early in the second Trump administration, through early retirements and layoffs. Now the agency says it’s working to fill some “mission-critical” roles. Meanwhile, the Trump administration has also proposed cutting the greater NOAA budget by more than 25% next year.


A rising chorus of meteorologists and climate experts warn that efforts to shrink the federal workforce and downplay global warming could compromise accurate weather forecasts and climate monitoring.