Sriram Vaidhya
@sriram_v2
Building in consumer crypto: stablecoin payments & loyalty. Previously @Airbnb @Apple, quant @ThirdPointLLC @Citadel. @CarnegieMellon @Columbia alum.
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🧵The real battle in crypto infra isn't about achieving marginally better TPS than the other chain or offering better yield on a stablecoin: it's about who can become a true platform, and capture the powerful associated economics. The only way to do that is to capture developer…
i'm here to remind you that apps are the only thing that matter moving forward "good tech" chains will die if there are no killers apps apps are the end game. apps apps apps
Perhaps the most impactful piece will be the "hello world" surprise x delight when someone creates their own @wabi personal app for the first time, and runs it. ✨ I also expect them to do a fair amount of work on the inspiration piece. People understand a search box, or a…
Today, we’re thrilled to announce $20M in funding led by @a16z, with support from @saranormous, @amasad, @akothari, @garrytan, @justinkan, @atShruti, @naval, @scottbelsky, @gokulr, @soleio, @kevinhartz and more. @wabi is ushering in a new era of personal software, where anyone…
It’s not that the space is broken. It’s that smart contract development is really, REALLY hard. We definitely need better tools and more on chain computing power to improve or, have languages that don’t force us to ugly compromises to save 1k gas
Imagine you're a developer building a consumer crypto app, and you're trying to decide what to build on. AFAIK users really don't care 🤷♂️ 🚪1: new, well-funded, specialized chains (@tempo @plasma @arc) that may offer a marginally better use case in some instances, and need to…
Current top competitors in the stablecoin/payments chain meta: 1. @tempo 2. @Plasma 3. @arc 4. @solana with their western union distribution (if WU are serious for a change) 5. @0xPolygon PoS chain 6. @noble_xyz - the one that started the whole meta
I think this is coming - there will be brands like @phantom that own the relationship with the user, and along with that the ability to introduce and sell more services down the line
Why didn’t stablecoins just organically disrupt visa and stripe and every MTO or payments processor? Because the interface with the customer is the key. In my opinion, banking overhead is going to compress, MTOs that have a strong customer relationship will earn more and those…
This is all great, I’m sure the chain is excellent, performance is top notch, the docs are solid, @circle is regulated, etc. But I don’t see developers building mainstream consumer apps on @USDC when Circle takes all the yield. Especially not when increasingly better options…
Architects, welcome to Arc Stablecoins as gas Sub-second finality Open rails for the world
Exactly this
"My chain is better than your chain" is getting exhausting Users just want things that work Imagine what crypto would look like if all the energy spent on chain wars were spent solving actual problems instead
Yes, also because it’s a sport for all ages. I play with my kids AND I hope to keep playing into my 70s 😎🤞
Is tennis the perfect sport? - It's exciting for 1 hour and then gets tedious. A perfect amount of time for daily exercise - The court blends in to the landscape and doesn't transform the landscape like a golf course - no teammates that expect something of you or to tell at…
Everyone here is buying / selling collectible trading cards - at a neighborhood mall in Singapore. The size of this industry always amazes me
This is what I meant about merchants. Here's a short list of card payment-related issues they are forced to accept: high card fees, "friendly"/chargeback fraud, slow settlement, subsidize rewards+cashback+margins for customers and intermediaries, compliance fees, integration…
Good summary. I think a few things happen: - @raincards etc get way more competition in this space - more stablecoin-native neobanks start competing on brand and distribution, all trying to occupy a niche of the market and capture card fees - merchants still get screwed,…
So misleading. No one disagrees that stablecoins are growing. But this is a lazy chart.
Everybody is talking about stablecoins. They’ve done $46 trillion in annual transactions, 20× PayPal, 3× Visa. They’re also one of the best ways to send a dollar: fast, cheap, and global.
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