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Hey!
We’re taking a break from livestreaming this week but in the meantime you can catch up on last week’s stream through the clip below, where we consider our place in the permanent underclass.
escaping the permanent underclass with @pridesai
Warmest Regards,
The Boys
Writer: Deana
Editor: Miranda
Say GOODBYE to seed phrases with Bitkey, a Bitcoin wallet.
Use code BOYSCLUB20 for a discount on your Bitkey.
Western Union “Embraces Crypto.” I’m having mixed feelings about the news that Western Union is embracing crypto, specifically stablecoins, on Solana. On one hand, their networked distribution is a positive for the industry, helping to solve a huge, intrinsic ‘last mile’ problem around on and off-ramps for local currencies around the globe. However, I sure as shit didn’t get into crypto to prop up incumbents with extractive business models that corner vulnerable populations.
western union spent decades charging 10-30% fees on remittances to exploit migrant workers
now they're pivoting to stablecoins because they finally saw the writing on the wall
if you get involved in helping them build I hope it’s to burn them to the fucking ground
Now, their CEO says they want to give those same customers “more choice and control in how they manage and move their money.”
Tim Robinson "You Sure About That" Meme Template #timrobinson
Yes sir there is more choice and control now. Also much (healthy) competition in the stablecoin game. So we can only hope that this means 1) fees are pushed down to a bargain basement price and/or 2) those same customers choose literally anyone else. Western Union made billions on the backs of people who didn’t have a choice. Stablecoins upend that broken model, with players like Zar, Eco and Onboard actively working to build something new. May the invisible hand of the market do its thing.
Prediction Markets. You can cancel that VPN subscription, as Polymarket is set to launch in the US “within weeks,” with a focus on sports. Presumably football. I’m still unclear on the “corporate polycule” that is Kalshi x NHL x Polymarket after both were named “the Official Prediction Market of the NHL.” Messy! Separately, Donald Trump’s social media platform Truth Social is teaming up with Crypto.com to launch a new prediction market to “democratize information.” Everyone’s at it.
Quick Hits.
Grimes’ new song is about “omnicidal unaligned artificial intelligence” and it’s dark as hell!!
Sorry but I have to strongly urge you to read the viral Good Squad report. Its author will be on our livestream to discuss on 11/11, mark your calendars.
As a palate cleanser, enjoy the new Rosalía ft. Björk and Yves Tumor.
everyone on poshmark & etsy suddenly accepting my heinous lowball offers……..
Play that fucking music white boy
today in group therapy i said i want to start advocating for myself and the guy behind me went “type shit”
something to consider
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