💰 Eric Queathem notes at @MidnightNtwrk Summit 2025, that stablecoins offer corporate treasurers massive efficiency gains, potentially adding "tens of millions of dollars to the bottom line."
my main takeaway from @ethcc is that everyone is building their own slightly different infrastructure protocol, while the vast minority are actually building any apps to run on all of this infrastructure.
the sceptic in me realizes most of these people just want to get rich but i also recognize there are many genuinely necessary things being built, improvements being made, but it all just blurs together at some point
it’s easy to sell hopium to investors, literally you can make enough money to retire before launching *shit* so no wonder this is happening
it’s much harder to ship useful apps, plus when you ship an app you actually have to have real users and not airdrop farmers (running alongside their own bots like most every protocol is also doing)
it feels like living in some alternate universe sometimes where everyone is in this big circle jerk discussing hypothetical and theoretical situations that will happen magically but not so many are doing the actual work to ship apps anyone who is not completely autistic would want to use
this will make me unpopular in a lot of crypto circles where we’re all supposed to pump each others bags into oblivion and use our network as exit liquidity but fuck it i don’t really care
end of the day there are tons of genuinely great people in this space, some of my best friends i’ve had ever are here, and there’s nothing wrong with wanting to make a great loving doing it. i just wish there were more smart people applying themselves to the application layer, realizing we may make less money but fuck it who cares we’re still doing better than most people in this world
As the US drags, stumbles and fumbles its crypto regulations it’s arch rival waits in the wings…
The center of global financial markets flips every decade or so between London and NYC. London has been exceptionally good at US regulatory arbitrage, when the US flounders on a particular big issue.
The UK was the center of all FX trading post the US leaving the Gold Standard due to US currency restrictions. Things accelerated in the ‘80’s and ‘90’s as London captured the regulatory arbitrage opportunity of the giant Eurodollar markets and again with the derivative markets. London eclipsed NY in global importance and volumes.
In the 2000’s the US gained back its leadership role as EU post-crisis standards tightened and the UK left the EU.
Now we are faced with exactly the same opportunity in crypto. The US is fearful of losing control of the dollar system over time, and is scoring own goal after own goal and dragging its heels on attracting the $1trn +crypto industry.
Meanwhile, the UK has made it 100% that it wants to go all in to capture this opportunity, using its ace card of regulation arbitrage, in which it excels. The UK understands this. It also has closer alignment with the other much needed partners of HK, Singapore, UAE and offshore centers like Cayman, in order to make this globally successful. It will roll out its CBDC soon too.
The US probably has one year to sort it’s shit out, get rid of Gensler and set out good regulation but that seems a near zero chance.
If the US don’t sort their shit out, you will hear the giant sucking sound of London attracting every major crypto firm and accelerating the space globally without the US having as large a say and left floundering.
All the crypto industry needs is a home with good regulation, that speaks English, has a global infrastructure and optimal rule of law and is easily livable. That may well be the UK.
The downside is you get sideways rain for 11 months of the year…
The UK has not finalized it’s regs yet but they know the opportunity.
Went into Leeds this evening for dinner and had planned to get @TPExpressTrains home… however everything is cancelled and the only option is a bus. This is almost unbelievably unacceptable service from a company that seems to deliver atrocious service anyway. Sort it out.
It's ready! 🚀🚀🚀🚀🚀
Introducing Ellie - your email assistant! 💌
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A credit card that is also a self custodial wallet? Yes, yes indeed.
Pay on any visa terminal with funds on @gnosischain. 🤯
And it gets better - if the merchant accepts stables, it bypasses Visa altogether. GAME... CHANGED 💪.
#DevconVI
✨BETA LAUNCH ✨
We are very excited to announce that Payouts BETA is live on @0xPolygon with the support of @PolygonStudios! 🟢
Here’s a short thread on what this means: 🧵 👇