MonetaryMath's profile picture. founder @Cobalt_Finance ⚡️ prev. global expansion @Zipline, @Uber
angel investor, writer http://satoshi.blog

Daniel Blay

@MonetaryMath

founder @Cobalt_Finance ⚡️ prev. global expansion @Zipline, @Uber angel investor, writer http://satoshi.blog

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Money will live on an open network. Bitcoin is still viewed mainly as a store-of-value asset akin to digital gold, but not yet as a global payments stack. This narrative is likely to shift over the coming 6 to 12 months. The lightning network and @lightspark from @davidmarcus

If you’re building anything stablecoin-related, and are considering your choices, this is the one video you want to watch over the weekend. Open vs. closed: choose wisely.



thoughts on @Zcash - blog post from Zcash dev, Sean Bowe, (@ebfull) illustrates that several elements of Zcash remain secure in a post-quantum world. Zcash's shielded pool architecture minimizes on-chain data exposure, and ZIP-212 removed the dependency on zk-snark soundness for…

MonetaryMath's tweet image. thoughts on @Zcash 
- blog post from Zcash dev, Sean Bowe, (@ebfull) illustrates that several elements of Zcash remain secure in a post-quantum world. Zcash's shielded pool architecture minimizes on-chain data exposure, and ZIP-212 removed the dependency on zk-snark soundness for…

Berkshire Hathaway is now sitting on $382B in cash/T-bills, after net selling $6.1B of stocks last quarter. Berkshire's cash position is now meaningfully larger than its public equity portfolio ($258B), and roughly 1/3rd of Berkshire's market cap. At the 2025 Berkshire Annual…

MonetaryMath's tweet image. Berkshire Hathaway is now sitting on $382B in cash/T-bills, after net selling $6.1B of stocks last quarter.

Berkshire's cash position is now meaningfully larger than its public equity portfolio ($258B), and roughly 1/3rd of Berkshire's market cap.

At the 2025 Berkshire Annual…

Daniel Blay reposted

When I first moved to NYC and began working in Finance, one of the earliest books I read was "A Random Walk Down Wall St." It's an ironic book for a stock-picker or cryptoasset-picker to read, but I think a lot of CT would benefit from reading it: amazon.com/Random-Walk-Do…


Recently, our team at Cobalt (cobalt.finance) reached some crucial milestones. - Our core product, a research call marketplace + proprietary database has 100+ senior executives and core developers actively contributing to the platform from @bitcoincoreorg, @ethereum,…


Daniel Blay reposted

Funny that the proverbial 'four-person unicorn' was achieved faster in crypto than AI.

Hyperliquid is generating more than $1.2B in net income, surpassing NASDAQ’s 2024 net income of $1.13B. Remarkably, it achieves this with a workforce 832 times smaller, while directing 98% of revenue to HYPE token buybacks.

asxn_r's tweet image. Hyperliquid is generating more than $1.2B in net income, surpassing NASDAQ’s 2024 net income of $1.13B. 

Remarkably, it achieves this with a workforce 832 times smaller, while directing 98% of revenue to HYPE token buybacks.


Beautiful chart. Log transformation of bitcoin expressed in gold (2015 - 2025) is ready for another breakout.

MonetaryMath's tweet image. Beautiful chart. Log transformation of bitcoin expressed in gold (2015 - 2025) is ready for another breakout.

probably nothing...

History unfolding, in one chart: The US Dollar to Gold ratio is falling off of a cliff.

KobeissiLetter's tweet image. History unfolding, in one chart:

The US Dollar to Gold ratio is falling off of a cliff.


Excerpt from my @bankrbot investment thesis published in January. The team has executed flawlessly on this vision over the last 8 months. - Terminal product live, and 1M+ messages sent - More complex trading functionality launched and scaling (e.g. perps, automated buys/sells,…

MonetaryMath's tweet image. Excerpt from my @bankrbot investment thesis published in January.

The team has executed flawlessly on this vision over the last 8 months.

- Terminal product live, and 1M+ messages sent
- More complex trading functionality launched and scaling (e.g. perps, automated buys/sells,…

We've started new currencies. Can we start new countries? @thenetworkstate

MonetaryMath's tweet image. We've started new currencies.
Can we start new countries?
@thenetworkstate

The biotech to crypto pipeline.

So far in 2025, 9 publicly listed biotech stocks have pivoted into Digital Asset Treasury (DAT) companies, typically sparking short-lived rallies in share prices. However, we think it's likely that a small set of these DATs will continue to trade at a significant premium to net…

Cobalt_Finance's tweet image. So far in 2025, 9 publicly listed biotech stocks have pivoted into Digital Asset Treasury (DAT) companies, typically sparking short-lived rallies in share prices.

However, we think it's likely that a small set of these DATs will continue to trade at a significant premium to net…


Great anecdote regarding @balajis from "A Cheeky Pint" interview with Coinbase CEO, @brian_armstrong and Stripe Co-Founder / President, John Collison. “Balaji is kind of unmanageable. He’s what some people might call a ‘free radical’ within an organization. He kind of bounces…

Brian Armstrong on what he learned about management from Balaji Srinivasan “Balaji is a brilliant guy. He’s probably one of the top couple smartest people I’ve ever met in my life,” Brian begins. “He was briefly the Chief Technology Officer of Coinbase. He came in through an…



Daniel Blay reposted

Starting in 2022, the decades-long correlation between gold and real rates decoupled. Gold prices have surged to $3,400 an ounce even as real interest rates climbed to 4%. This phenomenon does not square neatly with Keynesian economics. Gold is not yield bearing, so why would…

Cobalt_Finance's tweet image. Starting in 2022, the decades-long correlation between gold and real rates decoupled. Gold prices have surged to $3,400 an ounce even as real interest rates climbed to 4%.

This phenomenon does not square neatly with Keynesian economics. Gold is not yield bearing, so why would…

perhaps we'll get a wave of SVM layer 1 blockchains, similar to the EVM wave over the last few years.

Star Atlas studio ATMTA is launching its own SVM L1 blockchain, Zink blockworks.co/news/svm-layer…



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