Exceptional writing from Austin Campbell and @davidzmorris 

“Stablecoins are a fundamentally different value proposition for people using the payments system than banks. In the context of a bank, the current setup for the average user (retail or small business) is:

1. Deposit at the bank
2. Earn 0%
3. The bank makes many loans with the money you deposit using leverage
4. If those loans go well, the bankers pay themselves big bonuses
5. If they go poorly, the depositors end up in FDIC resolution land, where uninsured deposits may be lost and insured deposits may experience disruptions in use”

👁Dark Markets Newsletter - Fraud and Crime

'Hardcore' - NYMag

"SBF and the Tech Utopians," Fall '25

Crypto OG. X-CoinDesk, Fortune. 
@WestHamgc. PhD UIowa

Exceptional writing from Austin Campbell and @davidzmorris 

“Stablecoins are a fundamentally different value proposition for people using the payments system than banks. In the context of a bank, the current setup for the average user (retail or small business) is:

1. Deposit at the bank
2. Earn 0%
3. The bank makes many loans with the money you deposit using leverage
4. If those loans go well, the bankers pay themselves big bonuses
5. If they go poorly, the depositors end up in FDIC resolution land, where uninsured deposits may be lost and insured deposits may experience disruptions in use”

https://www.zero-knowledge.com/blog/stablecoins-arrive

Building the value coordination layer of the Internet @lidofinance

Prev @Gnosis @Shopify Usually in Singapore, Taipei, Berlin, Toronto. 📸 🚴 🍕☕️