Legacy wires: pay $35 and wait 3 days to send $100.
Sui: send $100 instantly for $0 gas.
Watch @EmanAbio skip the wire fee and send $100 $USDC to Nigeria; instant and free.
This is money moving like messages.
Nothing is free, especially computation power, if enough users move stable coins on Sui, this will be reverted in a heartbeat.
This is just a marketing campaign.
1/ When this photo was taken in 2021, @danyadlin and I had just sold Curv to @PayPal, and Michael was taking @FireblocksHQ through a phase of hypergrowth.
While the tech implementation differed, both our companies were fundamentally solving for the biggest issue in crypto at that time - security, scalability, and a much more efficient operational workflow that would enable the seamless movement of crypto & digital assets to happen 24/7.
The biggest constraint in Web3 isn’t TPS or the ability to scale…
It’s UX.
The moment using blockchain feels as effortless as using a normal app, the whole industry will expand ‘overnight’.
The infra is good, the experience isn’t just yet.
Most blockchains, unfortunately, still work like this:
One machine doing all the work, replicated thousands of times.
Great (overkill) for security, terrible for scale.
These days, you can't even tell if the video you’re watching or the news you’re listening to is made by a human. The future of the internet will need a trust layer. Blockchain will be that layer, providing proof on what’s real, who made it, and where it comes from.
Billions have gone into developing infra since 2017, but where’s the leap?
L2s created fragmented liquidity. Appchains are expensive to maintain.
The opportunity is obvious: build the infra that delivers performance WITHOUT the tradeoffs.