Back for a double header because this is too easy.

The Stripe L1 Dilemma: Why Traditional Finance Keeps Missing the Point

Software Engineer @ Cadence Design Systems. B4: Stanford EE / Illinois ECE

dfern

I generally agree of your critique of alt L1s. Think there is a pretty big misunderstand on FC generally. Fintechs do not want to run a decentralized blockchain, they want to collect 5% yield on all dollars in their system while decapitating visa.

I agree, think stablecoin L1 is a bad idea unless you have sufficient scale/payments volume/distribution channels. 

My bet is it will be a flow-of-funds optimization, rather than shiny a chain for consumers. We will simultaneously never hear about it on CT and it will meaningfully impact there biz.

Of course, but businesses don't get to just do whatever they want, the customers set the demand for the product