BTC194: Tether's Backing and Pear w/ Paolo Ardoino and Mathias Buus (Bitcoin Podcast)

We Study Billionaires - The Investor’s Podcast Network

Stig Brodersen

Education, Investing, Business

4.6 • 3.6K Ratings

🗓️ 7 August 2024

⏱️ 57 minutes

🔗️ Recording | iTunes | RSS

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Summary

In this episode, we start by delving into Tether's Q2 2024 attestation, highlighting their remarkable financial achievements and commitment to creating a stable and resilient stablecoin. Following this, we dive into the Pear initiative's zero-cost, peer-to-peer infrastructure, discuss Keet's open-source capabilities, and examine the impact of eliminating server dependency with insights from Paolo Ardoino and Mathias Buus. IN THIS EPISODE YOU’LL LEARN: 00:00 - Intro 03:07 - Tether's Q2 2024 financial highlights, including $1.3 billion in net operating profit and $5.33 billion in excess reserves. 04:46 - The strategic positioning of Tether in the U.S. Treasuries market and its impact on financial stability. 08:47 - Tether's commitment to supporting users in emerging markets and developing countries with their stablecoin reserves. 23:17 - What the Pear initiative aims to achieve with zero-cost, peer-to-peer infrastructure. 26:43 - The potential and functionality of Keet, an open-source platform. 29:15 - How tunneling technology, similar to SSH, enhances secure peer-to-peer access. 31:06 - Details about the peer viewer app offering remote desktop services without servers. 34:25 - Paolo's mission to eliminate server dependency and the launch of a VC fund for companies building on the Pear protocol. 37:30 - The open-source aspects of Keet and how it handles code auditability. Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences. BOOKS AND RESOURCES Check out the Keet video conferencing Holepunch technology. Check out the decentralized Pears initiative. Paolo Ardoino's X Account. Check out all the books mentioned and discussed in our podcast episodes here. Enjoy ad-free episodes when you subscribe to our Premium Feed. NEW TO THE SHOW? Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, Kyle, and the other community members. Follow our official social media accounts: X (Twitter) | LinkedIn | | Instagram | Facebook | TikTok. Check out our Bitcoin Fundamentals Starter Packs. Browse through all our episodes (complete with transcripts) here. Try our tool for picking stock winners and managing our portfolios: TIP Finance Tool. Enjoy exclusive perks from our favorite Apps and Services. Stay up-to-date on financial markets and investing strategies through our daily newsletter, We Study Markets. Learn how to better start, manage, and grow your business with the best business podcasts. Support our free podcast by supporting our sponsors: River Toyota Range Rover Fidelity Fundrise Sound Advisory AT&T The Bitcoin Way SimpleMining BAM Capital American Express Onramp Public USPS Shopify HELP US OUT! Help us reach new listeners by leaving us a rating and review on Apple Podcasts! It takes less than 30 seconds, and really helps our show grow, which allows us to bring on even better guests for you all! Thank you – we really appreciate it! Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm

Transcript

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0:00.0	You're listening to TIP.
0:03.0	Hey everyone, welcome to this Wednesday's release of the Bitcoin Fundamentals Podcast.
0:07.0	This episode is brought to you by River, the place that I personally go to securely invest in Bitcoin with confidence and with zero fees.
0:15.3	On today's show I have two guests from one of the most interesting and controversial companies
0:19.8	on the planet and that is Tether.
0:22.4	The guests are Apollo,
0:23.3	Arduino and Mathias Boos. Okay, so listen to these numbers. As of the
0:28.0	30th of June 2024, they have 1.3 billion net operating profit.
0:34.4	5.3 billion in excess reserves
0:37.4	with more than 97.5 billion in US treasuries,
0:41.9	which is a 7 billion increase just from the previous quarter.
0:46.2	So listen to this.
0:47.8	This is a higher exposure to Treasuries than the country of Germany, the United Arab Emirates, and Australia.
0:55.0	And then on top of all that, they hold 80,000 Bitcoin with their retained earnings.
1:00.0	So whether you like this company or not, one thing's for sure, you absolutely have to be paying attention to this company.
1:05.6	Because based on the earnings and based on the idea that all these short duration treasuries that they own have substantial yield 5% or you know somewhere in that range and this is
1:15.6	especially important to understand and you hear this interview with Apollo how they're
1:20.4	hell-bent on retaining most of these profits in Bitcoin itself.
1:25.0	Not only that, but the company's leadership is now taking many of these profits
1:29.0	and they're investing heavily into this technology called Whole Punch technology.
1:34.0	And this is a way to communicate in a decentralized way without servers in the middle,
1:38.0	and we get into that whole conversation as well.
	...

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