₿izFeed - DeFi focused Crypto, Business and Finance news

Ki Young Ju (Twitter)[🤔➡️🔗🧵⚠️]

To be clear, I'm not a fan of Communism. It seems like what @elonmusk and @neuralink are doing is accelerating this kind of future for better or worse.
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₿izFeed#⃣: #datachart

Ki Young Ju (Twitter)[🤔➡️🔗🧵⚠️]

Information Technology Is Accelerating Totalitarianism

The internet, where we can easily access and share thoughts, is a very recent development in human history. As ideas spread in real-time, we've witnessed the emergence of a powerful force known as collective intelligence. This has fueled social conflict and evolved into a mechanism that monitors and censors individual thought. In a society where right and wrong are defined by the interests of the collective, personal freedom to think is inevitably compromised. This leads me to wonder: could advanced information technology, in the future, pave the way for totalitarianism as a form of progress?

Consider a world where brain chips enable our thoughts to be transmitted directly to others via the internet. At first, there might be fierce debates about the dangers of censorship. But eventually, like today’s internet, this technology could evolve into a system where thoughts are shared more openly and transparently. Over time, monitoring individual ideas would become more intense, and people would begin to censor each other’s thoughts. In such a world, no one would dare to think of anything that conflicts with the collective’s interests. This could result in a panopticon society where not just actions, but even thoughts, are under constant surveillance.

As brain chip technology advances, society could split into two groups: those who adopt the chip and those who refuse. Which group would hold more power? It seems inevitable that those with the chip—connected to a vast brain network—would become dominant. With more minds linked together, computational power would grow exponentially, turning these individuals into a sort of super-intelligence. Over time, they could form a new species, capable of outsmarting and subjugating the old.

Humanity has always evolved through cooperation, and if the sharing and merging of thoughts continues, it seems inevitable that a singular consciousness will emerge. Such a society would have no space for individual freedom, resembling an ant colony where every action serves the collective. The idea that the future of human civilization could lead to such a totalitarian system, devoid of personal liberty, is both alarming and unsettling.

Is it irrational to fear this possible future?
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₿izFeed#⃣: #datachart

QCP Capital Broadcast (🔗Telegram)

QCP Weekend Summary - 28 Sep 24

This week, the market saw a significant rally in risk assets, primarily driven by the PBoC's stimulus aimed at revitalizing the Chinese economy. This came on the back of the Fed's announcement of a 50bps rate cut, which has set a positive tone for global markets.

In Japan, political developments has also shifted market sentiment. Ishiba, a vocal critic of the BoJ's ultra-loose monetary policies, is poised to become the new PM. This shifted market expectations away from BoJ's low interest rate stance, adding another layer of complexity to the financial landscape.

The Core PCE index, the Fed's preferred inflation gauge, reported a softer-than-expected increase of 2.6% YoY (forecasted 2.7% YoY). This has increased the market's anticipation of a potential 50bps cut at the next FOMC meeting, with probabilities now at 53% for 50bps versus 47% for 25bps. Following this data, the DOW closed at a record high, climbing 137.89 points.

As we head into next week, the key focus will be on upcoming labour market indicators, including JOLTs, ADP, U.S unemployment rate. Strong performance in these metrics could bolster the case for a 50bps cut in November, further propelling risk assets.

On the crypto front, BTC ETF saw substantial inflows throughout the week, closing Friday with $494.4m inflows. Despite lacklustre flows into ETH ETF as of late, we saw ETH ETF picking up and closing Friday with $58.7m inflows. BTC has reclaimed the 66k mark, while ETH is traded around 2.7k. Implied volatility for ETH remains elevated (by 8%) compared to BTC, while ETH/BTC remains steady above the 0.04 mark.

Trade Idea

While the stars are aligned for risk assets to rally heading into Q4, we fancy topside structures that give high payouts as we remain bullish heading into the next quarter.

Election Ticket

Expiry: 8 Nov 24
Sell 1x BTC 64k Put
Buy 18x BTC 70k/72k/74k Call Fly
Cost: Zero
Max Return: 488.8% p.a. or $36,000 USD per BTC if spot expires AT 72k
Downside: At expiry, if spot is below 64,000, you buy BTC at 64,000