Episode 252: How Decentralized Compute Markets Solve AI Bottlenecks with Greg Osuri of Akash Network @alextapscott @gregosuri @akashnet @CMCC_Global 0:00 Introduction 3:37 The state of compute: the biggest build-out in human history 4:27 Is AI demand slowing? Reading one lab’s soft quarter 8:27 Humans prompt once a minute, agents a thousand times 10:36 Will people pay for AI? Newspapers vs. the internet 15:14 “We let go any engineer that doesn’t use AI” 19:14 The subsidized party: a $200 plan worth $8,000 of compute 21:37 CoreWeave’s jitters and the leverage problem 23:25 Energy, permits, and the pushback stalling data centers 28:19 Training vs. inference, and the gigawatt problem 32:55 Why inference can run anywhere: Macs, offices, homes 36:37 Akash Home Node: putting your gaming PC to work 39:04 Akash today: nearly a trillion tokens a month 41:26 Making compute contracts tradable 47:00 Where to find Greg, and why homes are the future of AI

WATCH THE BANKS: This is JPMorgan's stock price tracked against its net interest income. The bank said that NII is set to expand by almost $10 billion next year to roughly $107 billion -- that's even as JPM, Citi and Wells combined just set a record quarter for NII. It's one reason you've seen the stock reverse its losses this morning even as trading fees and capital markets become somewhat more muted.

98% of US households aren't paying for AI yet More charts in State of Markets II: a16z.news/p/state-of-markets…

Everyone has a character arc getting to their first company. Mine runs through a warehouse attic in Saskatoon, where the guys coming off the mats had grown up a block over and become national champions. — @jeffcanadamson, Co-Founder & Chief Commercial Officer of @neofinancial

Episode 251: The Man in the Arena: Olympic Wrestler Turned Founder Jeff Adamson of Neo Financial on Why Canada Is Playing to Win @alextapscott @jeffcanadamson @neofinancial @CMCC_Global 0:00 Introduction 3:52 Wrestling in a Saskatoon attic, and seeing excellence up close 6:54 Why combat sports are a language 9:14 Individual sport, team company - and why being great in Canada isn't enough 13:09 Post-Olympics: "I literally Googled what a startup was" 16:12 The delivery decision that almost killed Skip 17:13 Going head-to-head with DoorDash and Uber Eats on no capital 19:50 Leaving Skip and why banking was the next problem 22:02 2008 as the best marketing coup the banks ever got 25:00 How friction lets fees creep up, unconsciously coordinated 27:13 The Costco effect: negotiating deposit rates on behalf of billions 28:24 Deposit flight, stablecoins, and what's coming for Canadian banks 30:49 Hot money, agentic finance, and bidding on your tap 34:47 Why fintech 1.0 wrappers broke when cheap money ended 37:29 Credit, home ownership, and underwriting with AI 39:18 Credit bureaus older than women's suffrage 43:36 Canada's moment, and building for a global stage 48:46 Joining a startup: ask if you'll learn, not if it'll work

Episode 250: Will Aave Eat Wall Street? with Luigi D'Onorio DeMeo of Aave Labs @alextapscott @luigidemeo @aave @CMCC_Global 0:00 Introduction 3:48 Leaving Avalanche and landing at Aave 7:17 From ETHLend to the largest lending protocol in crypto 11:16 $80B in deposits, no back office 12:12 How overcollateralized lending works and why people borrow 15:49 Why Celsius and BlockFi blew up and Aave didn't 18:46 What's being built on top of Aave 21:12 Life after CLARITY, and the cost of uncertainty 23:55 Does uncertainty advantage the risk-tolerant? 26:20 Why stablecoins cut at the heart of the bank model 29:29 Deposit insurance as a taxpayer subsidy 31:22 Fintech as digital wallpaper and why that's ending 33:34 Moving loans off balance sheets and onto Aave 37:23 The DTCC and the next killer app

F* the Lambo, get a Zamboni

Episode 249: Economic TruthMaxxing with Stefan Rust of Truflation @alextapscott @fiftyfly @truflation @CMCC_Global 0:00 Introduction 3:59 "Transitory" and the case for a better number 5:37 Real-time, verifiable, and written to a blockchain 6:52 Why nobody built this sooner — and the $130 trillion tied to CPI 9:47 41 days ahead of the government (70 during COVID) 13:45 Oil, the Iran war, and where we are in the cycle 15:33 Going live on FRED, and what the Fed actually watches 18:38 Trimmed mean, $15 eggs, and the 40% nobody reports 20:27 Inflation as a hidden tax 24:18 Building macro data for an agentic market 28:57 Revisions, edits, and the frozen index 29:55 Why Bitcoin and gold traded like risk assets 33:00 The Genius Act, stablecoins, and borrowing costs 39:06 Where to learn more

For decades, investors have used derivatives to hedge risk, manage exposure and express a view on the market. Now, eligible Canadians can access regulated crypto derivatives through @coinbase. A first for Canada! Trade crypto perps and dated futures (including BTC, ETH, and SOL), commodity futures, Index futures and more with up to 10x thru our CFTC-registered desk.

Episode 246: The Race to Build the Everything Exchange with Eric Richmond of Coinbase Canada @alextapscott @ericrichy @coinbase @CMCC_Global 0:00 Introduction 4:40 What "the everything exchange" actually means 5:56 From spot crypto to stablecoins and tokenized assets 7:41 Where the next hockey stick comes from 9:04 Why the 2016 thesis was a decade early 9:39 CryptoKitties, Toronto, and Switzerland 12:26 Canada goes from first-mover to behind the pack 13:30 The Stablecoin Act and the Genius Act catalyst 14:38 Market structure & the CLARITY Act 16:19 Custodying Bitcoin in Canada 18:00 Red tape, offshore builders, and what Canada should codify 19:33 Sovereign financial rails as national strategy 21:10 What it takes to become a registered dealer in Canada 22:36 How Canadians use Coinbase today: USDC, derivatives, tokenized equities 23:55 Why tokenized equities beat a brokerage account 26:27 24/7 markets, Hyperliquid, and trading oil on a weekend 28:07 DeFi inside a regulated platform, and CEX-to-DEX 30:41 Is Base a hedge or the evolution strategy? 33:08 AI agents, x402, and why the agent economy needs stablecoins 37:07 Where to follow Eric