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The top 6 memecoins on Ethereum are worth more than all memecoins on other L1s combined. STOP CHASING SHINY OBJECTS
The top 6 memecoins on Ethereum are worth more than all memecoins on other L1s combined.

STOP CHASING SHINY OBJECTS
The top 6 memecoins on Ethereum are worth more than all the memecoins on other L1s combined. Stop chasing shiny objects.
The top 6 memecoins on Ethereum are worth more than all the memecoins on other L1s combined.

Stop chasing shiny objects.
Ethereum is the global settlement layer for: - AI - Nations - Wall Street - Prediction markets - S&P 500 companies
Ethereum is the global settlement layer for:

- AI
- Nations
- Wall Street
- Prediction markets
- S&P 500 companies
Regimes used to fear journalists. Now they fear Polymarket.
Regimes used to fear journalists.

Now they fear Polymarket.
At Coinbase in 2015 we convinced USAA to use the Coinbase API to allow everyone with a USAA bank account to connect their Coinbase account and view their Bitcoin balance. It was before Ethereum existed and felt like a huge deal at the time. 10 years later JP Morgan is launching a stablecoin on Ethereum and more banks are on the way. Crazy.
At Coinbase in 2015 we convinced USAA to use the Coinbase API to allow everyone with a USAA bank account to connect their Coinbase account and view their Bitcoin balance. It was before Ethereum existed and felt like a huge deal at the time.

10 years later JP Morgan is launching a stablecoin on Ethereum and more banks are on the way. Crazy.
If you used Bitcoin early, you understood the limitations and then saw Ethereum. If you used Ethereum early, you saw all the products it enabled like stablecoins, DeFi, prediction markets and NFTs. Newcomers always want to jump into hyped up narratives to make money but you can never go wrong ignoring narratives and just letting the use of products guide you.
If you used Bitcoin early, you understood the limitations and then saw Ethereum.

If you used Ethereum early, you saw all the products it enabled like stablecoins, DeFi, prediction markets and NFTs.

Newcomers always want to jump into hyped up narratives to make money but you can never go wrong ignoring narratives and just letting the use of products guide you.
If you want stablecoin exposure, ETH is the ticker
If you want stablecoin exposure, ETH is the ticker
JP Morgan is deploying a stablecoin called JPMD on Base. The future of the S&P 500 is Ethereum.
JP Morgan is deploying a stablecoin called JPMD on Base.

The future of the S&P 500 is Ethereum.
JP Morgan is deploying a stablecoin called JPMD on Base. ETH is the ticker and EVM is the network effect.
JP Morgan is deploying a stablecoin called JPMD on Base.

ETH is the ticker and EVM is the network effect.
$262B in real world assets are onchain today. The UX for onchain real world asset products is bad. Solving this is a multi-trillion dollar opportunity.
$262B in real world assets are onchain today.

The UX for onchain real world asset products is bad.

Solving this is a multi-trillion dollar opportunity.
$262B in real world assets are onchain. The UX for onchain real world asset products today is bad. Solving this is a multi-trillion dollar opportunity.
$262B in real world assets are onchain.

The UX for onchain real world asset products today is bad.

Solving this is a multi-trillion dollar opportunity.
The GENIUS Act is great for crypto and stablecoin market cap will 10x from here ASAP because of it. But the bill could be even better if it was decided by the people with skin in the game via futarchy rather than politicians beholden to corporate donors. How a stablecoin bill decided by futarchy could work: - Congress agrees stablecoins are great for America and the best measure of success for the bill is the total market cap of stablecoins. - Many variations of the bill are proposed. - Conditional prediction markets are created for each variation. "If Bill A passed, will total stablecoin market cap will grow from $250B to $2.5T in 3 years?" - Anyone can put their money where their mouth is and the market decide on what the best bill is to achieve the goal. A few years ago this was a pipe dream but Polymarket volume has grown over 23x Y/Y and it's now a go-to info source for world events. The most entertaining outcome is the most likely.
The GENIUS Act is great for crypto and stablecoin market cap will 10x from here ASAP because of it.

But the bill could be even better if it was decided by the people with skin in the game via futarchy rather than politicians beholden to corporate donors.

How a stablecoin bill decided by futarchy could work:

- Congress agrees stablecoins are great for America and the best measure of success for the bill is the total market cap of stablecoins.

- Many variations of the bill are proposed.

- Conditional prediction markets are created for each variation. "If Bill A passed, will total stablecoin market cap will grow from $250B to $2.5T in 3 years?"

- Anyone can put their money where their mouth is and the market decide on what the best bill is to achieve the goal.

A few years ago this was a pipe dream but Polymarket volume has grown over 23x Y/Y and it's now a go-to info source for world events. The most entertaining outcome is the most likely.
The GENIUS Act is great for crypto and stablecoin market cap will 10x from here ASAP because of it. But the bill could be even better if it was decided by the people with skin in the game via futarchy rather than politicians beholden to corporate donors. How a stablecoin bill decided by futarchy could work: - Congress agrees stablecoins are great for America and the best measure of success for the bill is the total market cap of stablecoins. - Many variations of the bill are proposed. - Conditional prediction markets are created for each variation. "If Bill A passed, will total stablecoin market cap will grow from $250B to $2.5T in 3 years?" - Anyone can put their money where their mouth is and the market decide on what the best bill is to achieve the goal. A few years ago this was a pipe dream but Polymarket volume has grown over 23x Y/Y and it's now a go-to info source for world events. Anything is possible.
The GENIUS Act is great for crypto and stablecoin market cap will 10x from here ASAP because of it.

But the bill could be even better if it was decided by the people with skin in the game via futarchy rather than politicians beholden to corporate donors.

How a stablecoin bill decided by futarchy could work:

- Congress agrees stablecoins are great for America and the best measure of success for the bill is the total market cap of stablecoins.

- Many variations of the bill are proposed.

- Conditional prediction markets are created for each variation. "If Bill A passed, will total stablecoin market cap will grow from $250B to $2.5T in 3 years?"

- Anyone can put their money where their mouth is and the market decide on what the best bill is to achieve the goal.

A few years ago this was a pipe dream but Polymarket volume has grown over 23x Y/Y and it's now a go-to info source for world events. Anything is possible.
The evolution of MakerDAO to Sky is incredible. MakerDAO was the first DeFi app on Ethereum and the decentralized collateralized stablecoin vision is the holy grail. The Maker product has always been amazing, but centralized collateralized stablecoins like USDT and USDC have outshined DAI and projects w/ aggressive yield farming have outperformed MKR. USDS and SKY are at the bleeding edge of DeFi again. Bullish.
The evolution of MakerDAO to Sky is incredible.

MakerDAO was the first DeFi app on Ethereum and the decentralized collateralized stablecoin vision is the holy grail. The Maker product has always been amazing, but centralized collateralized stablecoins like USDT and USDC have outshined DAI and projects w/ aggressive yield farming have outperformed MKR.

USDS and SKY are at the bleeding edge of DeFi again. Bullish.
Coinbase mentioned Ethereum once and Bitcoin 69+ times at a conference this week. Why? Ethereum is still punk rock. There’s not a strong narrative around it and there’s no coordinated corporate interests shilling it loudly. There’s still many open questions about ETH. It’s not yet obvious, and this is a great thing. When Coinbase mentions it 69+ times at a conference, the upside won’t be as high.
Coinbase mentioned Ethereum once and Bitcoin 69+ times at a conference this week.

Why?

Ethereum is still punk rock. There’s not a strong narrative around it and there’s no coordinated corporate interests shilling it loudly. There’s still many open questions about ETH. It’s not yet obvious, and this is a great thing.

When Coinbase mentions it 69+ times at a conference, the upside won’t be as high.
Coinbase mentioned Ethereum once and Bitcoin 69+ times at a conference this week. Why? Ethereum is still punk rock. There’s not a strong narrative around it and there’s no coordinated corporate interests shilling it loudly. There’s still many open questions about ETH. It’s not yet obvious, and this is a great thing. When Coinbase mentions it 69+!times at a conference, the upside will no longer be as high.
Coinbase mentioned Ethereum once and Bitcoin 69+ times at a conference this week.

Why?

Ethereum is still punk rock. There’s not a strong narrative around it and there’s no coordinated corporate interests shilling it loudly. There’s still many open questions about ETH. It’s not yet obvious, and this is a great thing.

When Coinbase mentions it 69+!times at a conference, the upside will no longer be as high.
Robinhood, Coinbase, DraftKings and FanDuel all spend over $500M a year in marketing. Polymarket brand awareness relative to marketing spend is insane.
Robinhood, Coinbase, DraftKings and FanDuel all spend over $500M a year in marketing.

Polymarket brand awareness relative to marketing spend is insane.
Twelve years ago, bought an engagement ring with BTC from Reed's Jewelers. They were offering a 2% discount for BTC payments and wanted to support their Coinbase integration. Worst purchase ever.
Twelve years ago, bought an engagement ring with BTC from Reed's Jewelers. They were offering a 2% discount for BTC payments and wanted to support their Coinbase integration.

Worst purchase ever.
Twelve years ago, bought an engagement ring with BTC from Reed's Jewelers. They were offering a 2% discount for BTC payments and wanted to support their Coinbase integration. Best and worst purchase ever.
Twelve years ago, bought an engagement ring with BTC from Reed's Jewelers. They were offering a 2% discount for BTC payments and wanted to support their Coinbase integration.

Best and worst purchase ever.
The vision at Coinbase in 2013 was every merchant would use crypto for online payments. The vision is now here. We thought it would be Bitcoin, but its stablecoins on Ethereum.
The vision at Coinbase in 2013 was every merchant would use crypto for online payments.

The vision is now here.

We thought it would be Bitcoin, but its stablecoins on Ethereum.
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