The Ledger
Every statement that passed quotation and attribution checks. Mix any filter with any other: certainty 1/5, debate potential 5/5, or both at once.
why aren't all 11 resolved? a statement only gets an assessment when the public record can support or contradict it. opinions and what-ifs never can, and 0 checkable ones are still open, waiting for their date. predictions held up or didn't; assertions are supported or contradicted. on every card: ▮▮▮▮▮ certainty · ▮▮▮▮▮ debate potential. speakers are clickable
Armstrong: AI agents will use crypto wallets over traditional bank cards
“An AI agent is going to have a hard time signing up for a credit card at a bank, and you have to show your ID, which, you know, only human beings currently can get this government-issued piece of paper. But an AI agent can spin up a self-custodial crypto walle…”
Armstrong: Stablecoin issuers operate on 100% reserves unlike fractional banks
“Banks do fractional reserve.
So they've lent out most of the money, and that's partly why they're so heavily regulated.
They're doing fractional reserve.
So in a stablecoin issuer is a hundred percent reserve.
The only risk they're taking is
At most a 93 day U…”
Armstrong: Government frontier tech licensing only helps incumbents and kills startups
“Whenever somebody says this is so scary, everybody should have to come in and get a license from the government. I'm like, well, the government does a lot of things very well, but the one thing they're not great at is like understanding the very frontier of te…”
Armstrong: The lack of bailouts in crypto is a feature, not a bug
“I actually think there's one nice thing about the crypto markets, which is there's not like a bailout coming, right? Like, you know, if something does take on too much risk and blow up, they suffer the losses. It's not the government that's going to come on th…”
Armstrong: Philanthropy is like startups where most initiatives fail
“I think I've seen a lot of friends engage in philanthropy and it's just like startups. A lot of it doesn't work, but the best ones do incredible things.”
Armstrong: Flat Purchasing Power Amid Widening Wealth Drives Social Unrest
“It's if when they're purchasing power or their wages are flat and then someone's getting much, much wealthier, that's what creates like the biggest social unrest, I think.”
Armstrong: Taking away economic rights takes away all rights
“And if you can take away someone's economic rights you can take away all their rights really, because if you can, if you don't have enough money to have transportation or food or housing, You'll, you know, you can't really express your other rights.”
Armstrong: Crypto adoption mirrors the internet's path before broadband and HTTPS
“To make a new financial system, you had, you needed a few things, like you needed scalability of the blockchains to get the cost down and the speed, speed down. You needed regulatory clarity, and then we needed privacy of the transactions. It's actually almost…”
Armstrong: Real estate is the original Bitcoin due to provable scarcity
“In some ways, like real estate is the original Bitcoin because it's like proved provably scarce.”
Armstrong: Most people should be index investors, not active traders
“I think most people should probably not be traders. They should be investors. You know, and dollar cost average, own the index fund, diversify the portfolio, have some, you know, have some in Bitcoin, some in everything, all the different pieces, so.”
Armstrong: Large startups in novel areas inevitably attract government scrutiny
“Well, it turns out if you're building in a new area the law is awfully oftentimes unclear. And if your company gets big enough, you will eventually intersect with government. Even if you have no interest in the government will eventually develop an interest in…”