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GM everyone. This is 2036, the newsletter that brings you the best of Web 3 and crypto in 3min/day.
Today is Favorite Friday, where we share with you some of the resources we most enjoyed this week.
So if you're looking for some sweet content to dig into this weekend, this is your list...
š¤ Our Top Picks
Stories to read if youāve only got 1 minute
š ļø Our Favorite Resources
What we most enjoyed this week
Yesterday, we wrote about Balaji Srinivasan's latest warning to the world.
Balaji is the former CTO of Coinbase and a general partner at a16z. His colleagues call him āEinstein if he had the Internet.ā
The last time Balaji gave a warning was in January 2020, before anyone knew what COVID was:
He was right.
His latest warning is, without a doubt, the most important thing youāll read this week.
If it wasn't abundantly clear to you already, we are in the middle of a systemic banking crisis the likes of which we have never experienced in this country.
Despite this glaringly obvious fact Jamie Dimon, Joe Biden, Janet Yellen and Jerome Powell have all had the gall to "reassure" the American people that the banking system is stable.
Jerome Powell uttered the phrase, "the banking system is sound and resilient" literally two hours before PacWest announced that they were looking to get acquired by another bank.
If you want a quick overview of whatās happening in the banking system right now, check out this article.
Itās short, punchy, and to the point - just the way we like it.
Balajiās bold claims are making heads turn.
Tim Ferriss and Kevin Rose (an NFT OG and serial entrepreneur) talk about it in their latest pod that came out this week.
If youāre not familiar with the whole saga, I highly recommend you check out this short extract from the podcast episode.
Balaji is the second-most famous Indian entrepreneur on tech Twitter.
Naval Ravikant is the first.
Heās famous for a Tweetstorm titled āHow to Get Rich (Without Getting Lucky)ā and his 3-hour podcast on the topic.
But Naval was also early to Clubhouse, and in this episode, he explores how to invest in crypto, how to get rich slowly, how to prioritize your time, etc.
A Naval classic. Itās 100% worth it, so if you have some time this weekend, you wonāt regret checking it out.
And now that weāre on the topic of podcast episodes, my wife and I watched AN ENTIRE podcast episode together this week (which is RARE) on all things sugar and mental health.. it was fascinating. You can check it out here.
š¦ A couple of Tweets we found interesting
The best of the bird
BTC = Money
ETH = Money + Code
NFT = Money + Code + Cultureā Jordan Lyall (@JordanLyall)
4:04 PM ā¢ May 3, 2023
The Fed Since 2021:
First, they said ārates wonāt rise until 2024.ā
Then, rates hit a 16-year high this month.
Second, they said āinflation is transitory.ā
Then, inflation hit a 40-year high near 10%.
Third, they said ādisinflation began.ā
Then, inflation increased and hasā¦ twitter.com/i/web/status/1ā¦
ā The Kobeissi Letter (@KobeissiLetter)
6:01 PM ā¢ May 4, 2023
Market cap of publicly-traded regional banks in January: $475 billion
May: $100 billion
That's a 78% loss in just 4 months.
Regional banks about to go extinct
ā Genevieve Roch-Decter, CFA (@GRDecter)
5:35 PM ā¢ May 4, 2023
When Bitcoin Ordinals popped up months ago, I thought they were a "fad." Here today, gone tomorrow.
I was wrong.
Not only do I believe they are here to stay, I imagine they'll be a multi-billion dollar industry in a few years.
Here is my winning strategy for BTC Ordinals.
ā¤¹š§µā Minh (@MINHxDYNASTY)
10:31 PM ā¢ May 3, 2023
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