nemild
Joined 17 years ago
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364
Member since
Aug 28
Recent submissions
Comment · 9 months ago
The first wave of stablecoins isn't replacing fiat currency, but replacing money movement protocols.
Expect most teams to convert stablecoins once they receive it, but even then it's a cheap/fast money movement layer, especially globally. Even in US, cheaper and faster than wire.
Comment · 9 months ago
(On the small team that helped create x402)
To start, it's great for micropayments globally. There are examples where you want an API once and not again, and you don't want to create an account or link a credit card.
Cloudflare was one of our earliest partners, and they saw a critical need for it for web scraping by AI.
Comment · 9 months ago
Fast, cheap money movement globally (compared to wire or ACH in US).
At this phase, stablecoins are largely best for easy money movement, but the money ends up in fiat.
We are seeing some examples of teams using it for payouts, e.g., Gusto and Deel both support stablecoin payouts. Expect that to grow, but still very early days.
Comment · 9 months ago
Agreed, and I don't think that's a bad thing.
To start, think that stablecoins are great for money movement, even if fiat is used on both sides. For example, Bridge (now part of Stripe) started with a stablecoin sandwich, where the stablecoin was just the money movement piece and both source and destination were fiat. That was cheaper and faster than the other ways to move money.
Comment · 9 months ago
Answering this seriously.
Most goods today are denominated in fiat, so stablecoins are a better fit than gold.
And at this stage, stablecoins are great for easy money movement (rather than holding in crypto). I actually think most people won't even know that crypto rails have been used to move their money, with stablecoins like tcp/ip for money movement.
Comment · 9 months ago
Beyond crypto teams, we're seeing increasing use cases for more teams to use stablecoins to pay. For example, both Gusto and Deel (YC teams) are using stablecoins to offer worldwide payouts.
Here's Gusto's CTO: https://x.com/edawerd/status/2018785968669815011
Comment · 1 year ago
Think this is the future, as the AI Web takes over the human web.
At Coinbase, we've been building tools to make the blockchain the ideal payment rails for use cases like this with our x402 protocol:
Ping if you're interested in joining our open source community.
Comment · 1 year ago
You're welcome to borrow my copy, feel free to ping me.
Comment · 1 year ago
My dad was at this talk in 1986 that PG shares on his blog:
https://paulgraham.com/hamming.html
Said it was amazing.
Comment · 2 years ago
I help lead the Coinbase Developer Platform team (https://cdp.coinbase.com/).
Our goal is to build crypto developer tools that bring millions of developers and billions of users into crypto (today, crypto has <50k active developers). If you're a developer, our job is to make it simple to build products, while providing the trust, scale, and usability that users depend on Coinbase on. Our teams work directly with our CEO (Brian Armstrong, YC S12).
We're looking for three sets of roles:
- Full stack engs for our Developer Platform Portal, Commerce, and Staking teams
- You have a passion for crypto (even if you're new to the space)
- You care deeply about developer experience (geeking out about things like SDK design)
- We move at the pace of a startup, with value to full stack skillset, shipping fast, total ownership
- Engineering Manager for our Commerce team ( https://commerce.coinbase.com/ ), help make onchain payments a reality
To apply, submit here:
Engineering Manager
https://www.coinbase.com/careers/positions/5962675
Developer
https://www.coinbase.com/careers/positions/5954018
https://www.coinbase.com/careers/positions/5961013
https://www.coinbase.com/careers/positions/5966589
Product Manager
Comment · 2 years ago
Coinbase (YC S12) | Remote (North America) | Full-time
==============================================
I help lead the Coinbase Developer Platform team (https://cdp.coinbase.com/).
Our goal is to build crypto developer tools that bring millions of developers and billions of users into crypto (today, crypto has <50k active developers). If you're a developer, our job is to make it simple to build products, while providing the trust, scale, and usability that users depend on Coinbase on. Our teams work directly with our CEO (Brian Armstrong, YC S12).
We're looking for three sets of roles:
- Full stack engs for our Developer Platform Portal, Commerce, and Staking teams
- You have a passion for crypto (even if you're new to the space)
- You care deeply about developer experience (geeking out about things like SDK design)
- We move at the pace of a startup, with value to full stack skillset, shipping fast, total ownership
- Engineering Manager for our Commerce team ( https://commerce.coinbase.com/ ), help make onchain payments a reality
To apply, submit here:
Engineering Manager
https://www.coinbase.com/careers/positions/5962675
Developer
https://www.coinbase.com/careers/positions/5954018
https://www.coinbase.com/careers/positions/5961013
https://www.coinbase.com/careers/positions/5966589
Product Manager
Comment · 2 years ago
> A number of transactions looked enormous but turned out to be some form of washing e.g address X sends $100MM worth of bitcoin to two addresses, with ~$1k going to address Y and the rest going right back to address X.
Bitcoin is based on the UTXO model, and requires the full amount of an input to be sent. For example, I might need to transact 20 bitcoin even if I only need to pay 1 bitcoin, with 19 bitcoin being transacted to a "change" address.
More by googling Bitcoin change addresses: e.g., https://support.blockchain.com/hc/en-us/articles/44170823927...
Comment · 4 years ago
On a related note, a few years ago, I went through an entire year of top headlines in the New York Times (top few pages), and mapped them against actual death rates:
https://www.nemil.com/s/part3-horror-films.html
It's obvious that these would be different, but it was especially glaring just how much we focused on intentional deaths in our media coverage. It also makes sense that this is newsworthy (aka profitable), but it leads to some terrible inferences and decisions if that's all we see.
Comment · 6 years ago
One more to add is Reddit's Personal Finance, where this question gets asked a lot. The wiki (second link, search for Windfall) esp has a number of great articles on topics like this.
email nemild -at/ google's free email service
[ my public key: https://keybase.io/nemild; my proof: https://keybase.io/nemild/sigs/W_3J30fsF4A6KQ4xOmDsCG3n7DHUtMGajWQKOI0wCeE ]