#web3 has the greatest potential to transform access to financial solutions that the world has ever seen. Here’s why, from an emerging markets perspective. A thread 1/10 Thread inspiration from https://t.co/T6QLFhwFyx with @balajis@shaileshlakhani @_jdkanani @KyleSamani others
Only about 5% of Indians had internet connections in 2009, but more than 50% do today.
So, while India wasn't really online for web2, it will be a force in web3.
Doing a session with Sequoia India, Polygon, CoinSwitch, Mohash, and more on this topic tonight.
1/ There are no other constitutional rights in substance without freedom to transact
Being meaning to write this for 6 months, but the Canadian response to the trucker protests is illustrating this so vividly, that today is the day.
We’re talking India CBDC. among us, we’ll have people who’re bank boomers, DeFi founders, people who’ve been at Fintech unicorns, iSpirt, Niti Aayog. https://t.co/2rifACz99M
Stablecoins. Captables. Emerging Market Debt [in our case]. All can be crypto-native. And legal. Crypto just allows access to global pools of people and capital in a friction-less way.
I wrote up a detailed piece on how we can combine web2 and web3 tools to automate the mess of angel investing.
The key concept is a mirrortable, which is to a cap table what a stablecoin is to a fiat currency.
https://t.co/szVYsHPsG1
In 10 years, *internet* *money* worth $3T got created. Neither Google nor Goldman Sachs made much on this. Amazing report from @MessariCrypto https://t.co/MFFhGlKBaB