Led Prod @Visa Crypto. Open source wallets, digital id at Linux @OpenWalletFdn. Building new networked tribe of tinkerers. Practical dreamer, NFA/Trust Yourself
there is an extraordinary change going on in the financial system
crypto is new, holistic, and integrated for everyone in the world to interact with unlike the existing system which is fragmented and exclusionary
The first recorded millionaire in the U.S. was John Jacob Aster around 1800 (fur, opium)
The first recorded billionaire in the U.S. was John D. Rockefeller in 1916 (oil)
The first recorded trillionaire in the U.S. will be in the next couple decades (ai, crypto)
"Powerful writing should take one side and stick to it tenaciously, ignoring the other even though it may have merit. Objective writing is impotent."
-Dee Hock
@ryanberckmans one thing missing is standardization of the account structure. 4337, EOA, and native AA breaks unified account structure and therefore composability
Trustworthy stablecoins (USDT, USDC, etc) across defi are earning 20-30% right now on trustworthy platforms (Compound, etc), where they're being lent out with overcollateralized loans.
How can rates get this high without enticing large financial players to convert bank fiat into stables and earn that yield? Gotta be one of the best risk-adjusted trades in the world right now... am I missing something?
investors, managers, and founders often miss the most important ingredient to success...insight
insight is the critical skill that 99% of people lack, yet is required for success - and it doesn't exist on a spectrum
you either have it or you don't
we've never seen economic change happen as quickly as it has the last decade. the old system is crumbling, giving way to a rebirth of money and a new age of financial freedom
In the 50's a check took 2 weeks to move through the banking system, called float
money float has dissipated since, yet remains
removing float by using blockchains will compress time & events by allowing money to be sent/received in milliseconds
the impact will be profound
something digital in nature should not see a decrease in value but a premium due to an increase in utility (distribution, shareability, divisibility, liquidity, etc)
all i want to do is move money across all my accounts instant and free
today it's impossible but soon users will just be clicking buttons across their fav fintech/social apps and txs will get sent out to blockchains without them having to know or care
@alexandre_lores they will need to tap into their creative nature and start exercising the right brain
the value of analytical work will fall, while the value of creative work will increase exponentially