Pete Cooling (petecooling)

programmability is eating the world, starting with money finance and culture

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there is an extraordinary change going on in the financial system crypto is new, holistic, and integrated for everyone in the world to interact with unlike the existing system which is fragmented and exclusionary

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The first recorded millionaire in the U.S. was John Jacob Aster around 1800 (fur, opium) The first recorded billionaire in the U.S. was John D. Rockefeller in 1916 (oil) The first recorded trillionaire in the U.S. will be in the next couple decades (ai, crypto)

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DAOs and network states are an expression of our collective memetic desire to renegotiate the social contract

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less than 50% of people in the world are able to participate in the internet economy that's a huge problem the crypto economy excludes no one

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crypto in its purest sense is a bet against the current financial system and at this point it's hard to find anyone who thinks we should not evolve to something new

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the proliferation of stablecoins is upon us they will move faster they will be cheaper they will be programmable https://fortune.com/crypto/2023/12/22/paxos-solana-ethereum-department-financial-services-stablecoin-circle-tether/

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