AlanaDLevin

Should stablecoin reserves be tokenized?

1/ State of the perps market

Understanding (the) hype

The #1 question that matters when buying a token: what belief does buying this asset allow me to express about the future?

One of the most striking insights from Coinbase's State of Crypto summit today came from @brian_armstrong's fireside: how is it that Coinbase is such a startup factory? There are more paths to a yes than a no

Twice a year, Coinbase holds an internal pitch competition, where anyone can suggest an initiative for Coinbase to pursue. Every internal leader has a budget for these venture-like bets; all it takes is ONE yes to get an initiative greenlit

When making venture bets, there are often far more paths to a "no" than a "yes" - it's often easier to imagine how something can go wrong than how it can go really right. Coinbase inverted this model and my guess is that it's a big part of the reason why Coinbase is such an impressive founder factory

Fun thought experiment: can you think of people who were bearish Circle at $5B but bullish at $15B?

暗号通貨に興味があり、フルタイムで飛び込みたいですか？私たちのポートフォリオ企業は幅広く採用しています

- @blockaid_
- @turnkeyhq
- @phantom
- ステルスステーブルコイン会社
- @dopplerprotocol
- @truemarketsco
その他多数

次の仕事を探している場合は、DMしてください

より多くの暗号企業が上場することは、大規模な買収者のセットを業界で拡大する可能性が高いため、大きな勝利となるでしょう

Circle IPOing probably got them a higher valuation than if they had launched a token

Circle going public is a big win for the industry! Congratulations to everyone who has worked at and contributed to the company's success in reaching this milestone

Circle going public is a big win for the industry! Congratulations to everyone who works at, has worked at, or contributed to the company's success along the way

これは正確ですか？ヨーロッパにおけるステーブルコインの採用を促進しているものは何ですか？

Has anyone seen cool stuff with token extensions?

Feels like it was overhyped and under-delivered

Theme in the next 6mo will be a bifurcation of payment chains vs market chains

Who's in town for Stablecon?

私が比較的高い自信を持って信じるトレンド:

- ウォレットの数は指数関数的に増加する
- 新しいトークンの数は指数関数的に増加する
- より多くの市場が24時間365日の取引に移行する
- より多くの市場がグローバルアクセスを促進する方法を見つける
- 人間性の証明は重要性を増し続ける
- ビットコインだけでなく、デジタル資産への機関投資家の関心が高まるのを見るだろう

The TAM for digital assets today is the largest it’s ever been, and the smallest it’ll ever be

It's genuinely incredible that one of the most important data center companies started off as a bitcoin miner

ステーブルコインの支払いに関する大きな未解決の質問の一つは、KYC / コンプライアンスが行われるレイヤーです。

それは次のどれですか？
- 発行時
- 取引開始時
- ウォレットレイヤー
- チェーンレベル
- その他

これについて考えているなら、DMはオープンです - より多くを学ぼうとしています！

I'm skeptical of the dozens of "new payment rails for agents" startups emerging BUT I'm rooting for the stablecoin-based ones regardless b/c I would like to see micropayments enabled at scale

At first glance, Coinbase acquiring Circle doesn't make sense - Coinbase already receives the majority of interest revenue and is the dominant USDC distributor

So, what would be the reasons Coinbase could be interested in an acquisition?

1) Their distributor deal may be nearing renegotiation and they're set to receive less revenue. Coinbase could issue their own stablecoin, but USDC may have brand stickiness with consumers + network effects in DeFi

2) There's unrealized upside in components of the Circle's nascent payment network and Coinbase thinks they could somehow supercharge it

3) Maybe Coinbase sees a way to build stronger distribution partnerships. If Coinbase owns the full stablecoin stack, they might be willing to sacrifice some of their own interest revenue in order to give other exchanges good deals and grow overall USDC supply

4) It might be offensive defense - acquire Circle so another competitor doesn't