‪Libra’s first use case is payments; the use case Bitcoin never addressed because Bitcoin is all about store of value. as everybody knows.‬

Hanseatic League as proto Euro blockchain? - 192 nodes (cities) - consensus decision making (proof of absence of protest) where all merchant members participate equally - layer 1 payments (denarius) - layer 2 unit of account (pound, mark, livre) - smart contracts (bills of exchange) - oracle to settle contracts (Amsterdam) …see more

more rate cuts means more asset prices inflation, means more volatile public markets, means more craziness in alternative assets (VC, PE), means more financialization of crypto/defi (sadly), means banks fundamental strengths further eroding (which is a paradox) relative to non-banks offering sundry financial services. #fintech #markets #financialservices #banking #banks #cryptocurrency …see more

I could not agree more with this post on convertible notes in general and SAFE in particular. hear hear all fintech startups.

‪the more advanced the technology (some will use the word “complex”) the less its application is an optimization issue and the more it is an ethics issue.‬

things are accelerating in the ethereum galaxy i see. big 4, big name corporations, big themes like tokenization of assets. #tokenization #ethereum #digitalassets #fintech #blockchain #capitalmarkets #assetmanagement …see more

financial € system, financial ¥ system, financial $ system. you get the drift. buckle up, it is going to be a wild ride. (for fintech too btw.)

this reminds me of the blog post i wrote some time ago where I used the printing press analogy with blockchain/crypto. the answer is yes, the internet created a seismic shift. blockchain tech will amplify this shift at the governance level I believe. …see more

whether you love crypto, hate banks as they currently stand...the Apple card is the ultimate confirmation bias test. Apple elicits strong responses as it viscerally represents a part of us from a branding perspective.

overall weakness across banks does not really benefit anyone in the short term. not fintech startups, not defi/crypto, not big tech. long term tho, that is another story altogether.

‪successful biz models need kinetic energy. the lower the kinetic energy the more difficult it is to succeed. (up to a point obviously.)‬ ‪kinetic energy can be transaction velocity or user physical velocity or user non-physical velocity (emotional, digital)‬ ‪holding is not kinetic‬. …see more

‪how does one reconcile a probabilistic and a deterministic approach? ‬ ‪in the context of startups <> innovation <> incumbents‬ ‪(where the first group deals with uncertainty and the second group demands certainty)‬ ‪any helpful frameworks out there? ‬ …see more

my take: a member owned organization (mutual society, co-op) can decide to scale or it can decide to enter new businesses. it cannot do both. under what circumstances can such a model be viable then? my assumption is not universal and in very specific circumstances. https://lnkd.in/eAM9hb7 …see more

obvious observation: every day Amazon announces it is entering yet new market or creating yet a new business line. YET, the only thing Amazon has not announced is the issuance of a stable coin or a cryptocurrency.

the secret to understand cryptocurrencies, or anything that has zero intrinsic value lies in the Tao Te Ching. Lao-Tze is Satoshi.

‪- “because the underlying asset is viable, we need an ETF”‬ ‪- “we need an ETF to make the underlying asset viable”‬ ‪there is quite a difference between these two statements. ‬ …see more

knowing what I know about compliance and regulatory oversight - first hand experience as a business customer of a financial institution - how do financial institutions manage to trip themselves over and over?

Another #COVID19 first/worst - negative #revenue , before any costs incurred, at big #cruise ship operator Royal Caribbean

For China, more scrutiny and pressure to liberalize. For IMF, China’s volatile slowdown now has global consequences.

The Fed’s surprise rate cut last week didn’t reassure financial markets. Nor, apparently, did the Bank of England’s similar move this morning. So what would work? In today's New York Times , I looked at the steps that policymakers could take to prevent a #coronavirus -driven recession. One big lesson from the last crisis: Act aggressively, and act now. So far, at least, the Trump administration doesn’t seem to be heeding that advice. Mr. Trump is weighing a temporary elimination of the payroll tax, a measure with a big dollar figure (it could cost nearly $700 billion) but that would provide only a trickle of extra cash into workers’ bank accounts. For people who lose their jobs as a result of the outbreak, a payroll tax cut wouldn’t help at all. To learn more about what might work, see my story in today's Times: #recession #economy #covid19 …see more