crypto

teddit

helping build farcaster | surfing @ venice, ca | eating @ gjusta / gjelina | “lucky me, lucky mud”

> culture is stupid but the technology is great.

Stablecoins are an interesting one to double click on.

We have decentralized stablecoins like DAI that never got any significant adoption. The centralized ones are whats booming rn. The decentralized ones are much worse wrt capital efficiency.

This gives us a sign as to what the market cares about. It cares more about capital efficiency than decentralization 🤔

Am I wrong? 

We shouldn’t lie to ourselves and count stable coins as validation for crypto

Working on building zkTLS infra/products. A ruthless empiricist and meme connoisseur.

/opacity
/eulerlagrange

eh, yes and no. USDC's substrate is Ethereum