
Building @blockworks
2013 Followers
Alright I’m back. Combination of media x memes x NFTs are the future. Thinking a lot about this at Blockworks. And right now it’s more likely this world develops on Farcaster, not on Twitter.
Elon should launch a stablecoin. It's always been his vision to build a payments platform. Stablecoins are how he accomplishes that goal. X has 650 million MAUs, 500 million of which are outside the US. A stablecoin would give these 500 million users access to US dollars and the ability to send these dollars to any other X user. This would make X one of the largest (the largest?) financial services platforms in the world. It would instantly rival the Venmos/Cash Apps of the world, and both the legacy banks and the new digital banks. On the financial side, X is barely breakeven and a stablecoin would create a cash flow machine (Tether made $13 billion in profits last year). Plus USDX is a clean ticker.
If Blockworks went all in on Farcaster, what would that look like? No such thing as a bad idea here.
Have got a lot wrong over the years with Blockworks. But one thing we got right: When everyone else dumbed down content to appeal to a larger audience, we went deeper, betting that the crypto native audience would eventually grow. Feel good about this decision today.