@austincampbell Stablecoins do introduce some strengths at the settlement layer. They’re generally fast and cheap, especially between payments systems
So while stables can improve the “value transfer” steps in payments, we still need to solve for the “payment-related data” exchange flows too
Many are wondering "what Google saw" that caused them to revise their post-quantum cryptography transition deadline to 2029 last week. It was this:
https://t.co/dQtmTK9pdz
@austincampbell Yes! The average person doesn’t need (or care) to understand HOW the system works, so long as it DOES work
People do care about speed, fees, 24/7, yield, etc. - incumbents that survive will enable seamless access to crypto before losing customers (users won’t know it’s crypto)
@nic_carter - Teaching their kids to use LLM / learning from how their kids end up using it
- Meeting friends to play music and go sailing
- Connecting people / making unsolicited intros
- Creating - lots of writing, art, video editing, photography (with and without AI)
@nic_carter Yeah.. but based on the video (around 1:04) it looks like you have to approve unlimited USDC allowance to the Stripe contract. HUGE security issue
Visa proposed a more elegant approacha while back (but depends on account abstraction in mainnet)
https://t.co/nswBeuAaWU
Announcing "The State of Drainers," a new series analyzing the activity of crypto drainer threats.
Vol. 1 is an in-depth look at recent campaigns from groups like Inferno Drainer (and more), examining latest user luring strategies, phishing kits, and infrastructure concealment.
@nic_carter If stablecoins are fully/over-collateralized, they look more like the ETF race
If they end up as tokenized deposits and under-collateralized, then we may end up in a world of NIM. Banks/issuers will need to reward customers for the risks on the deposits
if you or someone you know is involved with treasurycos please get in touch because it would be really bad for you and for crypto if we set a new record for biggest hack in 2026
Zohran Mamdani:
I listened to the Odd Lots interview.
Observations:
1) He confuses Supply and Demand
Why is housing expensive?
Zohran: Because of billionaires.
Demand: Because NYC is the most desirable city in the world.
2) Why is it easy to find fast food but not fresh produce?
Zohran: Market failure.
Demand: Because people don’t cook anymore.
*Consumers want fast food*.
And McDonalds found a way to deliver a meal at $5.
Capitalism solved the $100 laptop for every child, not government.
3) ‘We don’t want Billionaires’
Billionaires that create wealth have done so by creating enormous value for others.
We are all better off for the existence of Elon Musk, Bill Gates, Jeff Bezos and others.
Good policy is a world that seeks to create as many Founders as possible to have as many chances for people to create as much wealth as possible to make everyone better off.
4) He replaces private solutions with a political process - *at every turn*.
Instead of condemning hate speech, he says he will increase funding 800% for hate speech education.
Leadership matters. You cannot outsource morality to a committee.
Instead of focusing on the causes of inflation, his answer is to get the government into the razor thin margin business of groceries.
Instead of attracting supply and development and capital, his answer is to tax and spend it because his ‘business plan’ is better.
5) The problem with a ‘political process’ is now you are creating committees and takings from one group (not in power) to another (temporarily in power).
The people on those committees are unelected and prone to corruption or ideological decision making (‘We know better for you’).
Parents are pulling kids out of school because committees make decisions now.
Political processes rest on implied coercion.
Private processes are voluntary and consensual.
Focus on incentives, appropriate regulation where needed, a level playing field, and a culture of accountability not blaming others.
6) Zohran is what you get when you have Federal Student loans subsidize education.
He graduated with a 4 year degree in African Studies. (That should be an elective, not a four year degree).
I learn philosophy, AI, and pursue hobbies like aging and longevity or history on my own time and dime.
I don’t have the right to impose by ‘right’ as an obligation that others must pay for.
The Founding Fathers understood that ‘rights’ are compossible and do not impose constraints on others.
Live and let live.
Make capitalism great again.
America's Founders signed for freedom.
Today’s founders build on that promise.
They light the darkness for all of us.
At @LumidaWealth, we’re built for founders.
Helping them grow, protect, and expand what they’ve built.
Today, and every day, we celebrate them.
New Yorkers, please come out against Mamdani. Early voting starts tomorrow. He's a literal socialist that will turn NYC into SF and it will take a decade to undo the damage. Socialism is evil and unamerican. It has no place here.
@PeteCooling@jonwu_ Along these lines, I also recommend
- Schedule time to think - I like “phone-free walks” for 30+ min
- Ask those around you what big problems/ideas keep them up at night
- Share content that made you think and plan in-person group discussion
No no, grandmom, that’s the Polygon on MATIC. You want to use the Polygon on ETH.
What’s that? Ohh no no, it *used* to be called MATIC but actually that’s Polygon. See the little Polygon logo next to the big polygon logo?
Yeah, just a few dollars.
It’s not going through? Oh I see your ETH is on Base. What’s Base? That’s like the Coinbase crypto. See the little Coinbase logo?
Yes, it’s different.
Mhm.
But don’t worry there’s a bridge right in the app.
No no, not the Coinbase App, the Coinbase *Wallet* app. Not that one. That’s your Apple Wallet.
Few more dollars, yeah.
There you go. Should be a couple minutes.
Piece of cake, right?
A woman in Gaza tells reporters that all the sons of Hamas leaders drive around in SUVs and live great lives while the children of Gaza live in poverty and unemployment https://t.co/Op9UaoEvWH
Hamas crypto funding, the WSJ, and the Warren Letter | Medium
We've had 90 submissions to my WSJ fact-checking bounty. 30 have been paid out. Based on all the evidence so far, here's what we know:
https://t.co/ttl6D36C38