Joseph Dallago جيدي

The spiritual descendent of Cosimo de' Medici. Co-founder and CEO of @Rain

[Joseph Dallago جيدي @_jayd3e]

In 2021, we saw unprecedented growth in the crypto industry across MENA. At @rainfinancial, we did our part in providing high quality access to crypto for 200k approved customers. We have so many achievements from last year to be proud of.

[Joseph Dallago جيدي @_jayd3e]

I'm a big fan of KP and the work they are doing in the world. Big congratulations to the team 👏 and proud to be in the portfolio

https://t.co/x06KTQYDID

[Kleiner Perkins @kleinerperkins]

For more than 50 years, Kleiner Perkins has partnered with founders at moments of inflection. AI is reshaping every industry from the ground up, faster than anything we've seen before. This is the moment to build.

Today, we're proud to announce KP22, our twenty-second venture fund: $1 billion to back early-stage companies, alongside $2.5 billion in growth funds to back high-inflection, category-defining businesses.

A moment like this is where the most enduring companies take root. Deep founder relationships and hands-on support matter more than ever, and we believe in lean investment and portfolio operating teams that work on founder time to deliver exactly that.

We're so grateful to the founders and LPs who have trusted us over the years. We couldn't be more excited to partner with the next generation of history-making companies.

Read more: https://t.co/R7XmcTxOzv

[Kleiner Perkins @kleinerperkins]

For more than 50 years, Kleiner Perkins has partnered with founders at moments of inflection. AI is reshaping every industry from the ground up, faster than anything we've seen before. This is the moment to build.

Today, we're proud to announce KP22, our twenty-second venture fund: $1 billion to back early-stage companies, alongside $2.5 billion in growth funds to back high-inflection, category-defining businesses.

A moment like this is where the most enduring companies take root. Deep founder relationships and hands-on support matter more than ever, and we believe in lean investment and portfolio operating teams that work on founder time to deliver exactly that.

We're so grateful to the founders and LPs who have trusted us over the years. We couldn't be more excited to partner with the next generation of history-making companies.

Read more: https://t.co/R7XmcTxOzv

[Joseph Dallago جيدي @_jayd3e]

@Blockstream I have been seeing a lot of issues while accessing https://t.co/2TKVrGGjUo over the last few days. Is this project still maintained? Really loved how performant and minimalistic it was/is.

[Joseph Dallago جيدي @_jayd3e]

@hexablob I find Go to be a lot more straightforward and more practical. I haven't used Rust though extensively, so I can't compare them.

[Joseph Dallago جيدي @_jayd3e]

On our team, you can code in any programming language you want. As long as it's Go.

[Joseph Dallago جيدي @_jayd3e]

Really proud to be a part of the KP portfolio, under the leadership of @mamoonha, @ilyaf, and team. This is a massive raise, and I can only imagine these funds will bring about ripples of positive change that will be felt globally. Congratulations @kleinerperkins 👏🏼

https://t.co/RoHdYE7nnr

[Mamoon Hamid @mamoonha]

Today @kleinerperkins is announcing KP21 an $825M fund to back early stage companies and KP Select III, a $1.2 billion fund to back high inflection investments.

There hasn't been a better time to start a company and the AI wave may be the biggest yet - bigger than the Internet, Mobile and Cloud combined.

Let's all Rise with the AI!

[Mamoon Hamid @mamoonha]

Today @kleinerperkins is announcing KP21 an $825M fund to back early stage companies and KP Select III, a $1.2 billion fund to back high inflection investments.

There hasn't been a better time to start a company and the AI wave may be the biggest yet - bigger than the Internet, Mobile and Cloud combined.

Let's all Rise with the AI!

[Joseph Dallago جيدي @_jayd3e]

@nic_carter @KarateCombat @consensus2024 @krakenfx @CryptosR_Us When is the match between you and @Leishman ?

[Joseph Dallago جيدي @_jayd3e]

We wanted to take some time today to clarify a security incident that we haven't been able to fully comment on yet, due to an ongoing investigation.

At the time of the incident, we acted swiftly, we protected our customers, and we upheld our commitment to keep customer funds 1:1 with reserves. We have since taken extreme measures to further secure our platform against bad actors.

At Rain, we believe protecting customer funds is our single biggest responsibility. We will continue to uphold that responsibility.

https://t.co/0tGKvgGFri

[Rain @rain]

Clarification regarding the news circulating about Rain.
https://t.co/kTjZYF9IXy

[Joseph Dallago جيدي @_jayd3e]

Bruce, you can’t possibly be serious. You can’t say that “MENA is the most important region today for #Bitcoin adoption” and not know about @r@rain. Let me refresh your memory:

* Worked for 2.5 years to help the CBB release the first license of its kind in the region: https://t.co/VPf7GJ6t76
* Raised $110 MM from Coinbase, Paradigm, and Kleiner Perkins: https://t.co/bkEHRkNKsA
* Recently, we entered our full domestic launch phase with this license: https://t.co/2OG1x0IR0b after 5 years of collaboration with the ADGM. We are the first retail brokerage to allow direct bank deposits to all of UAE.

We are also a much beloved exchange in Saudi, and we hope to have the opportunity to acquire a license there one day as well.

This is just a few of our accomplishments, but we have been the largest regional exchange in the Gulf for some time. We have also asked to be a part of Satoshi Roundtable on more than one occasion.

[Joseph Dallago جيدي @_jayd3e]

The world is a mess right now. I have to believe that proper accounting would at least help things. Giving anyone the right to create money inevitably leads down one path…

[Joseph Dallago جيدي @_jayd3e]

I have been cynical about supporting the idea of a metaverse, despite having read the original novel(Snowcrash) long ago and being active on the internet. That being said, hearing Zuck say that the human experience is a "physical experience" is reassuring that this tech is being designed thoughtfully https://t.co/O7xIVrXn12

[Lex Fridman @lexfridman]

Here's my conversation with Mark Zuckerberg, his 3rd time on the podcast, but this time we talked in the Metaverse as photorealistic avatars. This was one of the most incredible experiences of my life. It really felt like we were talking in-person, but we were miles apart 🤯 It's hard to put into words how awesome this was for someone like me who values the intimacy of in-person conversation. It gave me a glimpse of an exciting future with many new possibilities and fascinating questions about the nature of reality and human connection ❤

Timestamps:
0:00 - Introduction
0:52 - Metaverse
15:27 - Quest 3
30:16 - Nature of reality
34:54 - AI in the Metaverse
51:51 - Large language models
57:49 - Future of humanity

[Joseph Dallago جيدي @_jayd3e]

Good to see @intangiblecoins constantly upping his rap game 🔥 https://t.co/r63tS4H4QS

[Alex Thorn @intangiblecoins]

🎵 catch me at the park doin’ hashes after dark 🎵

[Joseph Dallago جيدي @_jayd3e]

Since I am trying to usher in a new era of global, decentralized accounting protocols, maybe I should brand myself as a New Age Accounting Advocate

[Joseph Dallago جيدي @_jayd3e]

@Cannedwharf That's great to hear. Thank you for the feedback 🙏🏼

[Joseph Dallago جيدي @_jayd3e]

@Cannedwharf Great question, it is definitely something we are looking at for the very near term future. I'm assuming you are talking mostly about staking? Which coin(s) would you like to stake?

[Joseph Dallago جيدي @_jayd3e]

@thomasschulzz Inspirational

[Joseph Dallago جيدي @_jayd3e]

@bpmilne To answer your question a little more directly.

> has anyone built this?

Has anyone built a crypto wallet for businesses? Absolutely.

Has anyone built one to serve the customers you have in mind? Very likely not.

[Joseph Dallago جيدي @_jayd3e]

Good question. I haven't seen one that is widely adopted. The thing is is that payments is so simple with crypto that you can technically run your business from any conventional wallet. All additional features are abstractions on the wallet.

In that light, I have seen people create both payroll and POS systems. I actually just heard about this company: https://t.co/TUpasTNMJ0 doing a POS system. I have heard of others as well.

Coinbase Custody is in essence an institutional crypto bank account for a business.

Long story short, the ability to merely store money and facilitate transactions is no longer a selling point for a crypto company, it's the rich feature-set on top that you are tailoring to a specific group of customers. Everyone has financial needs, the question is how are you interacting with your finances and how will this new product facilitate that better than predecessors.