Ecosystem @farcaster, cofounder @bountycaster. Prev: cofounder of Scalar Capital, product at Coinbase, coproducer @ethereumfilm

Ethereum

are people still using tron stablecoins on binance? (the custodial binance app, not BSC...)

i get why they do it; zero fees, $1=$1, phone-call-based account recovery. but it's a ticking bomb for sure

Daimo Pay. Build once, distribute everywhere

That’s actually the reason why trc volumes are so high—people depend on it to make payments in countries like Iran, Nigeria, etc. where fx payment infra is tightly controlled

In our western eyes it’s a time bomb but there’s literally millions of people using it for their daily lives

making crypto useful | writing https://tylerscharf.substack.com/ | core @crowdmuse | tyscharf.twitter

at any moment,

- Singapore/China/??? could shut down Binance (fun fact, they won't say which country they're based in)

- USDD &/or USDT could depeg

the trust of people in Venezuela, Argentina, Iran, Nigeria who are trying to save a few bucks and live freely

is not gonna be easily regained if their balances poof

i know! which is great in that it shows a real important non-speculative market for crypto

but it's a precarious stopgap

Ethereum should feel a serious sense of urgency to compete