Byron Gilliam

Byron Gilliam

Byron Gilliam writes The Breakdown newsletter, in which he tries to explain crypto markets to traditional investors and traditional markets to crypto investors (while trying to explain both to himself). Before joining Blockworks, Byron spent 25 years trading international equities for banks and brokers in Frankfurt, London, Paris and New York. He holds a bachelor's degree in History from Binghamton University. Contact Byron at [email protected].
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GPUs are starting to go dark even as data-center spending doubles — is a bubble on the horizon?

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Jeff Yass bets that prediction markets could stop wars, Paul Atkins’ announcement on “tokens,” and more

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If financial nihilism has driven you into memecoins, zero-day options, and sports betting, consider financial optimism instead

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Could blockchain rails finally realize Ted Nelson’s non-linear, pro-creator “docuverse”?

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A recent mistrial illustrates how juries need more background information when it comes to judging complex systems like Ethereum

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To learn how to navigate the physical world, robots need visual data

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Advice from Neal Stephenson, Kyle Broflovski, and Crypto Mom on building in crypto

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When crypto meets the courtroom, everyone speaks in food metaphors — and nobody leaves full

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Sometimes you need to know what actual humans think, and not just simulated humans

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How financial markets actively shape the reality they’re meant to measure

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If AI is a bubble, let’s hope it gets even bigger

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Don’t judge your decisions by their results

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Powell is ending “run-off” to keep reserves “ample” — a far cry from colonial America, where fiscal responsibility was public spectacle

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María Corina Machado’s Nobel Peace Prize should change the way the world sees bitcoin

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Owning the rails doesn’t help if no one wants a ride

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Vitalik wants one story, DATs want five, and investors just want to know which ball to catch

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Insiders have the best information — markets should be willing to pay for it

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A main character of the dotcom boom is suddenly a main character of the AI one

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In bonds, stablecoins and billionaires, a reminder of what makes crypto special

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If the president breaks the Fed, he’ll own the budget problems