Presented without (much) comment
A collection of interesting blind spotty stuff from the week. Who owns U.S. debt? Aka: how QE killed the UST carry-trade for foreigners (and correspondent banking in the global south with it). The Blind Spot is a reader-supported publication. To receive new posts and support my work, consider becoming a free or paid subscriber. From […]
Cash Equivalence: The battle to dominate stablecoin custody and management
Hyperliquid is a crypto exchange that doesn’t want its customers to rely on leading stablecoins like Tether or Circle for trading on its platform. It would rather issue the coin itself. But managing coins is a complex business, requiring licenses, banking relationships, regulatory experts, and more. That’s why Hyperliquid is seeking to outsource the responsibility […]
The Weekly Peg: Everyone’s worrying about limits
Cash Equivalence is a pop-up news service operated by Blind Spot Publishing dedicated to coverage of stablecoins and CBDCs. Its content is also available independently at www.cashequivalence.com for £10 per month. Industry news: — WLFI is introducing the idea of stablecoin buybacks. — Paxos has launched PaypalUSD on the Stellar network. — Paxos launched its […]
The free speech community is tearing itself apart over Charlie Kirk
The fracture stems from a blind spot: a reluctance to recognize that certain limits on speech are legitimate, especially at war, and that whataboutism isn’t always equivalent.
In the Blind Spot: Mass formation psychosis is happening again
Don’t fall for a false dialectic. Don’t get played. Practice cognitive security and touch grass. Stay kind.
Cash Equivalence: Dollar stablecoin armies are mobilizing
Tell me you’re running a patriotic war bond campaign, without officially telling me you’re running a patriotic war bond campaign.
A Blind Spot revamp
This is a note to our free subscribers. As we’ve already highlighted to our paid subscribers we are undergoing a restructuring. There are two key changes. The first is that we will slowly be migrating our service to Substack. During the transition period we will continue to cross post on both sites, and the £5 […]
In the Blind Spot: Cartography journalism
The Blind Spot is relaunching with a streamlined structure and renewed focus on its core mission of providing contrarian, politically aware financial journalism through what it calls “journalistic cartography.” Moving away from overextension, it will now prioritize big-picture analysis and frameworks to help readers navigate the shifting world order. Central to its outlook is […]
In the Blind Spot: AI’s trillion-dollar Snow Crash problem
SNEAK PEEK — Why the limits to AGI may lie in our own psychology. — Bessent’s “Sovereign Wealth Fund” represents a reverse lend-lease arrangement focused on manufacturing. — The master builders are coming for the central banks. Hello everyone, Izzy here. Welcome to the great Blind Spot transition. Having spent much of the summer […]
Repost: The techbro movement that won’t let Britain decline
The below is a repost of a story featured in the Blind Spot’s paywalled newsletter in June for the purpose of generating a free to share link. CAMDEM, London — A low-frequency thrum pulses beneath the overlapping shouts of some two hundred mostly-male voices packed into a club in once-trendy Camden — a corner of London […]