Mike Barbosa

here to listen, mostly

[Naval @naval]

When software was expensive - thin, horizontal, best-of-breed software stacks extracted rents across every business.

Now that software is cheap - value moves to vertically integrated businesses that deliver opinionated end-to-end experiences.

[Mike Barbosa @MichaelpBarbosa]

@joinshift Shift

[Mike Barbosa @MichaelpBarbosa]

@pitdesi @NikMilanovic Do it…

[Mike Barbosa @MichaelpBarbosa]

@exk200 What’s the most common use case? This really matters

[Mike Barbosa @MichaelpBarbosa]

@alexsongis Ugh. Visa/MC = auth, not settlement. Stablecoin = settlement, not auth.

[Mike Barbosa @MichaelpBarbosa]

@scott_shannon @awxjack When suppliers are getting paid on terms, without a direct feed from the Buyers AP module, reconciliation is difficult

[Mike Barbosa @MichaelpBarbosa]

@scott_shannon @awxjack Valid point re: credit card uptake, but on the liquidity point - leaves AR & Treasury teams underwriting new customers, monitoring credit quality of existing ones, and managing a sizeable credit book to all customers paying on terms

[Mike Barbosa @MichaelpBarbosa]

@johnarnold What about a torn ACL… that is not healing itself due to lack of blood flow and the body’s inability to reconstruct ligaments… and considerably limits activity

[Brian ᴸ¹ 🔺 @brianman1]

Great conversations this morning at @avax quarterly OnFi Breakfast

@cryptoreine @wyatt_khos @BTC_Dave @MichaelpBarbosa

Fintech x Stablecoins x Float x B2B Payments

Dropping knowledge

[Mike Barbosa @MichaelpBarbosa]

😮‍💨💨

[Football Tweet ⚽ @Footballtweet]

This Arsenal-Corner Shop advert is absolutely genius marketing. 👏👏

[Mike Barbosa @MichaelpBarbosa]

@AriEiberman @Snapcrackle It’s an MCA man

[Mike Barbosa @MichaelpBarbosa]

@Snapcrackle Great read. Some important differences but analogous to what needs to exist for B2B in the US. Qq - is the issuing bank still owning the consumer default risk? Are they essentially turning the consumer installment loan into a consumer credit insurance product on their b/s?

[Mike Barbosa @MichaelpBarbosa]

Um, no. Stablecoin networks are settlement networks. Card networks are authorization networks. Would take the opposite position — AI Agents can not transact without card (auth) networks

[Trung Phan @TrungTPhan]

these 5 paragraphs wiped ~$100B in market cap across credit card stocks (Visa, Mastercard, American Express, Capital One)…okie dokie

[Mike Barbosa @MichaelpBarbosa]

Inciting fear this weekend

[fabian @fabianstelzer]

Documentary: non-technical founder discovers Claude Code

[Mike Barbosa @MichaelpBarbosa]

@AbudBakri Is there a peptide that will collapse extremely elevated cortisol levels? Likely the best supercharge for poor sleep

[Mike Barbosa @MichaelpBarbosa]

Cue every operator/VC framing the Brex story to talk their own book

[Mike Barbosa @MichaelpBarbosa]

@skupor @brexHQ Debt is not included in the use of funds. Highly confident it’s all asset backed / off-bs

[Shane Mac @ShaneMac]

Something I believe that most people I talk to don’t…

People trust computers more than companies and people.

Trust compounds faster on open protocols than on closed companies, and compounded trust becomes the most valuable asset on the internet.

Most people believe value accrues to:
•apps
•brands
•growth
•distribution
•hype cycles

The secret is that over long time horizons, value accrues to the thing people trust not to change against them.

Open protocols win not because they’re better products today, but because they are more believable tomorrow.

We can trust them. Value accumulates to what we trust.

[Mike Barbosa @MichaelpBarbosa]

@pauliepunt @sytaylor Distribution + Incentives*** rules everything around me

[Mike Barbosa @MichaelpBarbosa]

@oost_marcel @Visa It’s not really a hedge, it’s their tech that existed long before the advent of agentic commerce. Visa’s ability to authorize transactions is what enables Agents to execute c2b transactions in a trusted manner