@stacy_muur lol why would UGC and KOLs be blamed if campaign didn’t work out
And another fun fact: the less money blogger gets, the more it has to “deliver” and more responsibility arise
You’re right, I researched that I while ago and at that time it was 21 active ones
Now they are expanded
Anyway, the number is not so big, yet the architecture proves to be reliable and decentralization is being achieved due to participation of completely separate independent entities
@KyleSamani@juliandicarlo@DancingEddie_ That’s true that they are limited with validators, but only 5 out of 21 validators are located in “the same physical building”
it’s basically how offshore scam forex brokers made money on retail in the past 20 years
pure casino where 95% of people get liquidated (this is where revenue comes from), and the rest 5% who win struggle to withdraw funds
tho since it’s fully on-chain, it would be interesting to see where it actually goes
good dilemma if users will simply soak all the LP assets or there will be some equilibrium point where enough players loose to keep the system running
or maybe they play with tough ADL rules
anyway so excited to see where it lands
@Octop3s I guess it’s one of the simplest and yet insightful reviews I’ve seen so far regarding crypto neobanks
Btw analytics sucks so bad, I can agree
Most of them don’t even support transaction statement exports lol
Just got back from @EthCC in Cannes.
Not gonna talk about tech. This thread is about the real sentiment on the ground - what builders, VCs, and market makers are actually saying right now.
It's not pretty. But you need to hear it. 🧵
@defyneric just to add:
ELEVATIONS CREDIT UNION
SUNRATE SOLUTIONS LIMITED
SUTTON BANK
AUSTIN CAPITAL BANK, SSB
have a couple of more, but will keep them private i guess
I don’t think people truly understand what’s about to happen with 𝕏 Money.
This is Elon going back to his roots - back to https://t.co/xPHLRiKvNk - and building what he always wanted in the first place: one place that runs your entire financial life.
When he rebranded Twitter to 𝕏 in 2023, he said straight up that we’re adding the ability to conduct your entire financial world. He even said you may not even need a traditional bank account.
Most people brushed that off. And now it’s becoming real.
𝕏 Money has already been live in closed beta internally within the company. A limited external beta is expected soon, and they’ve already secured money transmitter licenses in over 40 states plus DC. 𝕏 Payments is registered with FinCEN. Visa is officially partnered. You’ll be able to fund your wallet instantly, send peer-to-peer payments, move money to your bank, and eventually use a debit card.
And I think this is just the beginning.
This will probably start as a simple wallet where you can send money as easily as sending a DM. With this technology, you can pay creators, pay subscriptions, pay whatever bills, shop inside the app, get paid inside the app, and much more.
Then, there will be high-yield savings, you can invest, you can get loans, have money market accounts, maybe even treasury access, cool smart cashtags that let you see live stock prices in your timeline and execute trades seamlessly, crypto integration, potentially full asset management… the list goes on and on… Elon literally said this is meant to be the central source of ALL monetary transactions.
Bro… think about that for a sec.
Your 𝕏 profile becomes your financial identity.
Everyone you follow is already there. Everyone you interact with is already there. That social graph becomes your distribution engine. Like, you won’t need a separate banking app, no need for a separate investing app, no need for a separate payment app… this all lives where you already spend your time. Right here on 𝕏.
Look at WeChat in China, which Elon always alluded to. Payments, messaging, shopping, investing - all integrated in one app. It handles $ trillions in volume and became deeply embedded in everyone’s daily life. Now 𝕏 is building the Western version of that, but with a more global reach, and xAI’s AI layered on top of all this.
Before you call me crazy, you have to understand how big this opportunity is.
Digital payments globally are measured in the tens of $ trillions of dollars annually. Even just capturing a small slice of that across hundreds of millions, and eventually a billion, users can change everything. 𝕏 already has the audience. That lowers customer acquisition costs significantly. Add fintech revenue on top of ads, plus float, plus lending, plus investing tools, and we’re talking about a completely different valuation profile.
Now, $44B for this company looks like the bargain of the decade… this was one of the main reasons I invested in 𝕏.
And if they execute the way they’ve executed at Tesla and SpaceX, this could truly fundamentally redefine how people handle $ .
Most people today still see 𝕏 as just a social media app. I see it as the foundation of a financial system layered on top of a global network. Ultimately becoming the “everything” app.
And this I believe is a once-in-a-generation opportunity.
Elon is calling this a game-changer.
I believe him.