Read_925 – Stone Ridge 2025 Investor Letter
January 6, 2026
“Today’s the day.”
~ Mel Fisher
Why does a reinsurance company’s annual letter get me this fired up? Ross Stevens weaves together treasure
“Today’s the day.”
~ Mel Fisher
Why does a reinsurance company’s annual letter get me this fired up? Ross Stevens weaves together treasure
In this episode, I’m joined by Simple Steve, Bitcoin Mechanic, and Jeff Swann for a year-end roundtable that starts with the Samourai Wallet case, spirals
What if prosecuting innovative Bitcoin developers like Rodriguez and Burroughs signals the death of American entrepreneurship?
In this episode, I read Beautyon’s “American Bitcoin
I sit down with Ben Kaufman to catch up and take stock of where Bitcoin actually is right now. We dig into the four-year cycle,
Merry Christmas! Working with the amazing crew at Braiins, we are happy to share the full audiobook of Bitcoin: The Ultimate Collateral free for all.
“We have entered a space where we literally own nothing.”
~ Guy
What happens when 25 years of digital identity vanishes overnight because
In this Chat episode with JC, we dive straight into the wild world of AI tooling, vibe coding, Bitcoin protocol design, and the new CAT
“The broad point is that only the strong survive was correct. We are entering the endgame of crypto having any reason to exist.
My
In this Chat, I speak with Matt from PPQ.ai about the broken world of AI subscriptions, the power of micropayments, and why Lightning-enabled pay-per-use may
“If you think they’ll have restraint, I think you’re making a grave error.”
Can your wallet, your node, or even your hardware become “unlicensed
“What role do intermediaries—such as merchants, distributors, and traders—play in the market? Far from being mere profiteers, these intermediaries play an essential role in the
What if the future of Bitcoin is decided in the mempool? I sit down with Simple Steve, Bitcoin Mechanic and Jeff Swann for a chaotic,
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