David Tse
@dntse
Professor at Stanford University ( Co-founder of Babylon protocol, Information theorist.
176 Following 9K Followers
Bitcoin is a $1.5 trillion asset. It’s also a piece of software with well-defined rules.
That makes it a very useful playground for autonomous research: economically consequential, yet precise enough for AI to work on.
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Roughly 10% of gold is collateralized. Our estimate is approximately 3% of Bitcoin is.
That gap is one way to think about how much room Bitcoin still has to become productive.
That means all else equal, Bitcoin has another 3x more financialization on tap.
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