Fold HQ
Joined September 2011
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At @SteaknShake, employees earn 21¢ in bitcoin for every hour worked, alongside their regular pay. @Fold_app's Bitcoin Bonus Program lets workers start accumulating an asset, one shift at a time.
I wrote about why that matters in a recent @WSJ piece: partners.wsj.com/the-nakamot…
WILL REEVES retweeted
JUST IN: New WSJ article on Steak ’n Shake employees earning Bitcoin:
"The workers serving those customers were still earning the same dollars whose purchasing power was slowly eroding."
"Now, these workers can accumulate an asset outside of the traditional monetary system through their employer without sacrificing their dollar paychecks."
"That’s what bitcoin’s promise should mean in practice. Not speculation for the wealthy, but an opportunity for ordinary Americans to build financial resilience, one paycheck at a time."
Source: @willreeves
Steak 'n Shake is giving hourly workers 21¢ in Bitcoin per hour. Inflation already ate ~20¢ of purchasing power for a $14/hr worker since March, but that Bitcoin is now worth ~26¢.
Bitcoin is quietly defending the purchasing power of American workers. partners.wsj.com/the-nakamot…
WILL REEVES retweeted
"That’s what bitcoin’s promise should mean in practice. Not speculation for the wealthy, but an opportunity for ordinary Americans to build financial resilience, one paycheck at a time."
-@willreeves
gettingbitcoin.org/articles/…
WILL REEVES retweeted
The 21 cent bitcoin raise. Fantastic piece by @willreeves. partners.wsj.com/the-nakamot…
At this rate he’ll hit 5% of a full bitcoin this time next year.
Accumulated $12.75 in $BTC in 1 day of using $FLD Credit Card for every day purchases
What in the world am I buying? @willreeves
WILL REEVES retweeted
What does joining Reserve look like?
Open Fold, review the available tiers, choose your target, and follow the steps in the app.
WILL REEVES retweeted
Introducing Fold Reserve.
Fund your Reserve inside Fold to unlock higher reward rates on eligible card purchases, bill pay, and no fee, no added spread bitcoin trading.
A new account to reward your entire life. Explore Reserve in the app.
👀
WE'RE LIVE!
Click below to watch.
xitter.cf/i/broadcasts/1mGPaZZdB…
WILL REEVES retweeted
I’ve been buying bitcoin every two weeks, hitting in-between smash buys, paying my mortgage, groceries & utilities for nearly 1.5 years…all with @fold_app
It’s earned me millions of free Sats along the way.
Wouldn’t have it any other way.
What is an artist? He’s a man who has antennae, who knows how to hook up to the currents which are in atmosphere, in the cosmos.
>sam altman: "we tried this because there were rumor on the internet"
>rumor: math professor close to solving navier-stokes
>the professor: using codex for a year
>openai: has all his logs
>checked every codex session tagged to N-S
>found the most promising one
>spun up 10,000 agents to finish the proof where he couldn't
>they got caught
>told the guy if you say anything you'll destroy your own career
>he ruins his career over this
>openai: "we did not see his work"
>also openai: "we cannot rule out that de-identified data from their usage helped improve our models"
they stole it lmao
Alan sets the record straight on Silvergate.
"Silvergate did not fail, and with its incredible team, could have continued serving its clients. In the face of political pressure from the Biden Administration, Silvergate chose to voluntarily wind down its operations."
silvergateceo.substack.com/p…
WILL REEVES retweeted
Adoption curves rhyme.
This is where the bitcoin sits at the same point in its history compared to the internet.
Your savings account pays 3.5%. After taxes, you keep ~2%. Inflation is 3.4%.
You’re losing money while being told you’re being smart.
