Djalma

Building local infra for onchain fx

[Djalma @0xCassinelli]

When we say Ethereum is cypherpunk, we mean:

Ethereum is unstoppable access to resources.

Be they your financial resources, tools to build wealth, or global monetary reach.

Ethereum is the gateway to your assets, and there is no gatekeeper.

[Djalma @0xCassinelli]

@deltadotnetwork @MylesOneil Love to see it!

[Djalma @0xCassinelli]

@CoinDesk Thats not really the story. The central bank of Brazil banned eFX, meaning massified cross border payments. This will mainly affect the B2B scene for companies that move large volumes under a high number of transactions.

The rest is allowed by the central bank.

[Djalma @0xCassinelli]

@Defi_Warhol @ether_fi Hey @Defi_Warhol, where are you getting this data from?

[Djalma @0xCassinelli]

@cleanwithmike Clean

[Djalma @0xCassinelli]

@CyprxResearch Not sure that's how it happens...
Sure, if the merchant accepts stables that is indeed the flow. But nearly 0 merchants take stable payments.

The crypto card settlement flow today looks very similar to a normal card, but with the added step of liquidating your stables.

[Djalma @0xCassinelli]

@AlsieLC Don't think its a hot take.

USD stablecoins won't have native on/off ramps and will take longer to be fully compliant.

Privatized local solutions will move faster and be more efficient.

Plus Fx onchain is taking off, which means PMF for non-usd stables is around the corner.

[Djalma @0xCassinelli]

@Dagnum_PI Where's the dislike button?

[Djalma @0xCassinelli]

@cryptomanran @brian_armstrong Finally a good take.

Supporting the clarity act without yield is just a shot on the foot.

It reduces the product to something pointless and mistreats the final users.

[Djalma @0xCassinelli]

@eglyman Ramp is on a generational run.
One of the few teams that gives me fomo.

[Djalma @0xCassinelli]

@0xNonceSense Slop reposting.

Clarity act is not dead, and it is in coinbase's most selfish desires to see it through.

[Djalma @0xCassinelli]

@santiagoroel Its more clear to me everyday...
Sticking to absolute ideals is what will make 95% of crypto natives be left behind when we enter the e consolidation / distribution phase of the market.

We have behemoth organizations entering our space and moving fast.

Build with purpose.

[Djalma @0xCassinelli]

@0xgingergirl Great entrepreneurs build the world around us. Can't say the same about great prediction market users.

[Djalma @0xCassinelli]

@markchadwickx crypto and valuatuon of crypto currencies are not the same thing.
these orgs are pro crypto as a tech, and yes they're buying. but that doesn't mean price go up.

[Djalma @0xCassinelli]

@lyronctk What I like about the markets being overreactive is that you get to buy stuff at discounts because of illogical bad press.

Yes, "yields" might not get passed on (as yields)
Yes, stablecoin issuers are still more efficient (and so are stablecoins)
Yes, we shouldn't be worried.

[Djalma @0xCassinelli]

@Jebus Don't agree with you.

Yes, we've become less experimental. But that is because we're maturing as an industry.

Less 1000Xs in mcap, more 1000Xs in adoption.

Eventually, once crypto cements itself and becomes fully self sufficient in a global scale, we can return to innovation.

[Djalma @0xCassinelli]

@NirMagenheim Doing the UI/UX right will be a game changer.

Make sure you focus on the user.

[Djalma @0xCassinelli]

@0xAmol @santiagoroel @hosseeb I don't disagree with you.

My perspective is more about the fact that in the long term they are undervalued, or at least a handful of them are.

If Ethereum, for example, manages to onboard fintechs, banks, asset managers, and entire countries, then yes... $260bn is nothing.

[Djalma @0xCassinelli]

@0xAmol @santiagoroel @hosseeb Indeed.
Still, I think the way for personal development is sticking to your beliefs.

Also, to your point Amol, Ethereum is the one chain seeking to grow the pie more than cutting a big slice.

Yes, I'm optimistic.
But I'm with Ethereum because we're allligned perspective wise.

[Djalma @0xCassinelli]

Also think that in great part we have sectors of the industry that have to mature before absolute innovation can come again.

For example, once stablecoins cover payments end to end instead of being liquidated at the last mile thst will open a massive corridor.

We're paving the way for the next batch of visionaries.

[Djalma @0xCassinelli]

@JacobTref Now here's a move by OpenAI I can get behind.

Finally - what a good expansion!