The Father of Perpetual Swaps Is at It Again: He Wants to Turn AI Compute into a Trading Market $BTC $ETH
Arthur Hayes (BitMEX founder and inventor of perpetual swaps) has published a new piece, and this time he’s focused on AI compute. He’s proposed Flop Network, which would standardize GPU computing power into a derivative asset that can be bought, sold, reserved, and hedged. He’s even laid out plans for compute futures and perpetual swaps.
His thinking is very Arthur Hayes: AI compute is the oil of the new era. Whoever establishes the standards for pricing and financializing compute first will control pricing power in the next era. The article’s title is even more direct: “The Fed’s Triple-Kill Gambit: The More Powell Struggles, the Wilder the Crypto Bull Market Gets.” The core idea is the same as ever: the Fed prints money, and Bitcoin wins by default.
Whenever someone this influential publishes a piece, they’re paving the way for the direction they’ve bet on. Financializing compute sounds exciting, but it’s still a long way from concept to reality. Do you think AI compute can really become a tradable asset like BTC? Let’s discuss in the comments.
#ArthurHayes #AICompute
Arthur Hayes (BitMEX founder and inventor of perpetual swaps) has published a new piece, and this time he’s focused on AI compute. He’s proposed Flop Network, which would standardize GPU computing power into a derivative asset that can be bought, sold, reserved, and hedged. He’s even laid out plans for compute futures and perpetual swaps.
His thinking is very Arthur Hayes: AI compute is the oil of the new era. Whoever establishes the standards for pricing and financializing compute first will control pricing power in the next era. The article’s title is even more direct: “The Fed’s Triple-Kill Gambit: The More Powell Struggles, the Wilder the Crypto Bull Market Gets.” The core idea is the same as ever: the Fed prints money, and Bitcoin wins by default.
Whenever someone this influential publishes a piece, they’re paving the way for the direction they’ve bet on. Financializing compute sounds exciting, but it’s still a long way from concept to reality. Do you think AI compute can really become a tradable asset like BTC? Let’s discuss in the comments.
#ArthurHayes #AICompute