Cash flow is king again.
Wall Street rewarded Microsoft and Oracle for showing that they could fund their enormous AI ambitions without endlessly tapping investors. Alphabet, by contrast, was punished for burning through cash, while Google Search's slower growth fanned fears that competition was hurting the business that bankrolls its AI expansion
Cashback was originally controversial as the yield didn't come from deposit funding. Activity-based rewards tied payouts to spending.
@sytaylor points out that many stablecoin-backed card programs already use this model instead of traditional yield.
From @stable_takes with @dwr
“Cash is centralized but private. Bitcoin, decentralized, public. Zcash, decentralized, private.”
@balajis, @tyler, @cameron and @mert on The @Zcash Moment, at TOKEN2049 Singapore.
Full session:
Cash is king — but only if you know what it means.
New on Gate Learn: a practical guide to liquidity in volatile markets.
• Cash vs. cash flow
• How much reserve is enough?
• Stablecoins ≠ cash
• Liquidity when trading crypto
Details: