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https://warpcast.com/~/channel/ted
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ted (not lasso)
@ted
hard truths: 1. crypto isn’t growing, in fact it’s more cringe than ever because of the new admin embracing it / $trump 2. it’s not realistic to generate a full-time sustainable income on farcaster, $degen and $higher were anomaly wealth events 3. majority of the world doesn’t think in terms of markets 24/7
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ted (not lasso)
@ted
addendum: 1. crypto not growing but stablecoins are 2. this is true today, but may not be true forever 3. and don’t want to think in terms of markets
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androidsixteen
@androidsixteen.eth
> crypto not growing but stablecoins are Translation: the culture is stupid but the technology is great
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ted (not lasso)
@ted
you said it, not me :)
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EulerLagrangodamus
@eulerlagrange.eth
> culture is stupid but the technology is great. Stablecoins are an interesting one to double click on. We have decentralized stablecoins like DAI that never got any significant adoption. The centralized ones are whats booming rn. The decentralized ones are much worse wrt capital efficiency. This gives us a sign as to what the market cares about. It cares more about capital efficiency than decentralization 🤔
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EulerLagrangodamus
@eulerlagrange.eth
Where we expect stablecoin adoption to come from probably doesn’t care if it’s Eth, Sol or a permissioned chain. Using a decentralized chain is just an arbitrage on compliance requirements. @androidsixteen.eth I don’t think intellectually honest take here is good for crypto tech
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Fran
@0x99fran
Step one -> show how great blockchain is with made up assets Step two-> bring tokens of offchain assets onchain and show how much better it is to issue real assets onchain Step 3 -> skip the step of issuing assets offchain and just issue the real asset onchain from the start. We are at step 2.
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agathetaboo
@agathedavray.eth
Please take a look at @usual
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