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Lyron
2,937 posts
Lyron
@lyronctk
- > Crypto is for payments and defi > Crypto is for making markets Accurate when we were small. Now similar vibe to “internet is for communication” Crypto's already delivered a handful of differentiated user experiences. Many more to come WOOO
- Few have endured enough of the horrors of working capital financing to build a lasting product around it. @juliangay is one of these people. He began his career at Deutsche Bank, went on to start two companies, sold one to AppDirect, then has since spent the last three yearsCred is building on Seismic. It's backed by @alliance and led by @juliangay, a repeat founder who sold his last company to AppDirect. Julian's team leads the industry in credit analytics. Now, he's using his battle-tested stack to expand into a full private credit service.
- Privacy devs are the most long-term builders in the space Kept going through years when users wouldn't touch them, investors wouldn't back them, and regulators would chase them They deserve this moment
- Others acquiring companies. We're acquiring gongs Improvements in business outcomes are comparable
- The bear case for privacy is if crypto only amounts to a glorified SWIFT replacement In that world, only on-/off-ramps transact onchain. People wouldn't need privacy because they wouldn't have their own wallets But that's clearly not where we're headed. People WANT to have
- Most people thought privacy adoption was a decade away because everyday crypto was a decade away Turns out we just weren't bullish enough Big boys from the real world are here and every one of them is building around privacy
- The "stablecoins are just regulatory arbitrage" take is falling apart fast - Regulated institutions (@Zelle / @WesternUnion / @Citi yesterday) are legitimizing digital asset rails - Blockchain intelligence firms (@CipherOwl last week) are showing the benefits of a unified
- stanford's two flagship crypto classes discontinued gg bear market things 😮💨😮💨
- L1 tx fees not driving value accrual is a myth Was pushed by @KyleSamani & friends who wanted chains to be scored by how close fees were to 0 But I haven't met a dev in three years who picked a chain for its low fees Makes sense bc it's a low lever cost. To send a $100
- Fintech natives are the most productive inflow of devs into crypto right now because they - are deeply familiar with what's broken on traditional rails - enjoy speaking to everyday users - don't expect quick exits
- What you need for private stablecoins (the tech is only part of the story) - ERC20 version that shields balances, transfer amounts, and (optionally) wallet addresses - FX trading venue with private swaps - Blockchain intelligence provider with separate public / private tx
- Just spoke to a buddy of mine whose app volume I think is going to be a vertical line by next month. Said something striking When he chose which chain to deploy on, 99% of his decision was based on how deep their on-/off-ramp integration was in their target regions
