"not all fintechs will adopt stablecoins but every stablecoin-first company will have a shot at disrupting fintechs" h/t Simon Taylor

My room in Tokyo is overlooking a graveyard, reminding me that death is coming for us all and to focus on the important things (b2b saas)

Why @Stripe wants to be an internet bank? In the old model, Stripe is just a payment processor. When a US customer pays a Chinese seller, real dollars need to move out of the USD and ends up in a foreign bank account. The Chinese central bank can either dump or manage it.

"MSTR ends up acquiring too much BTC, becomes too large to fail, fails and gets bailed out by USA to create the BTC reserve" h/t Robert Leshner

USDC exports treasuries tokenized stock exports NASDAQ rest of the world has to catch up local fintechs can't export value without going onchain

tokenized stocks are currently IOUs and you still have to trust the issuer for redeeming and backing only with direct onchain issuance for stocks do we get true ownership rights or alternate every company themselves run a mint-burn type stock redemption

infra teams will fight to win asset issuers by selling what they are best at: eth - security sol - larger users+ better UX layerzero - interop rollups as service - own your stack solana chasing robinhoods ann yesterday with xstocks makes it clear that competition is fierce

if you can own assets pseudonymously and need ID only to redeem, it makes you a global citizen by default 2 paths from here: - either countries claw back and stop this regulatory arbitrage - we get to rethink taxation, incorporation etc. for this new world

crypto democraticizes "financial crime" that is usually only accessible to elites self custody :: swiss accounts tokenized stocks :: interactive brokers stables :: currency accounts logical next is allowing anyone to get citizenships or incorporate in tax havens onchain

small window for crypto teams to pivot and take a shot at becoming global fintech players h/t Simon Taylor

citizenship is just identity issuance on a nation's ledger definitely going to get disrupted lmao can't not be bullish on network states

the more time you spend in anything, you begin to romanticize it & try to change yourself to fit there and before you know it, you are playing games and trying to win validation personally found this occuring alot in career goals and lifestyle choices

if you are building for crypto-native users, here are the current options: - launch speculative products: launchpads, perps, etc. downside: shorter hype cycles and it's increasingly difficult to attract fresh users - run token incentives, points programs, or campaign-based

as an infra, you are offering either distribution (i.e. users, liquidity, attention) or a unique tech with distribution(eg solana), you are looking to launch a bunch of small apps, match them to users and get them PMF on the other hand, if you're product focussed (OPStack,

every solana DEX/trading app now has a launchpad! - jupiter - raydium - meteora - moonshot and pump has its own DEX(pumpswap)

play stupid games win stupid prizes

x.com/i/article/1983…

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surplus is the original sin