Daniel Fernandes
@dfern.eth
Back for a double header because this is too easy. The Stripe L1 Dilemma: Why Traditional Finance Keeps Missing the Point
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Doug Binder
@bind
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.
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Daniel Fernandes
@dfern.eth
Of course, but businesses don't get to just do whatever they want, the customers set the demand for the product
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Doug Binder
@bind
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.
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