AlanaDLevin

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?

Viens no iespaidīgākajiem atziņām no Coinbase 'State of Crypto' samita šodien nāca no @brian_armstrong's ugunskura sarunām: kāpēc Coinbase ir tik lieliska jaunuzņēmumu fabrika? Ir vairāk ceļu uz "jā" nekā uz "nē"

Divas reizes gadā Coinbase rīko iekšēju pitch konkursu, kurā ikviens var ieteikt iniciatīvu, ko Coinbase varētu īstenot. Katram iekšējam vadītājam ir budžets šiem riska līdzīgiem ieguldījumiem; viss, kas nepieciešams, ir VIENS jā, lai iegūtu iniciatīvu zaļo gaismu

Veicot riska ieguldījumus, bieži vien ir daudz vairāk ceļu uz "nē" nekā uz "jā" - bieži ir vieglāk iedomāties, kā kaut kas var noiet greizi, nekā kā tas var izdoties patiešām labi. Coinbase apgrieza šo modeli, un mans pieņēmums ir, ka tas ir liela daļa no iemesla, kāpēc Coinbase ir tik iespaidīga dibinātāju fabrika.

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

Crypto curious and looking to jump in full-time? Our portfolio companies are hiring across the board

- @blockaid_
- @turnkeyhq
- @phantom
- stealth stablecoin co
- @dopplerprotocol
- @truemarketsco
And many more

DM me if you're looking for your next thing

Vairāk kriptovalūtu uzņēmumu publiskā tirdzniecība būtu milzīgs ieguvums, jo tas, visticamāk, paplašinātu lielo uzņēmumu pircēju loku nozares ietvaros

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

Vai tas ir precīzi? Kas virza stabilo monētu pieņemšanu Eiropā?

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?

Trends I believe with relatively high confidence:

- The number of wallets will grow exponentially
- The number of new tokens will grow exponentially
- More markets will move toward 24/7 trading
- More markets will find ways to facilitate global access
- Proof of humanity will continue to grow in importance
- We'll see institutional interest in digital assets beyond just Bitcoin

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

One of the big open questions around stablecoin payments is the layer at which KYC / compliance occurs

Is it at:
- Issuance
- Transaction initiation
- The wallet layer
- The chain level
- Elsewhere

If you're thinking about this, DMs open - trying to learn more!

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

How many months until POS solutions start accepting payments in stablecoins?