Mark Voinea🧠

1/ Crypto is 24/7. You are not. If you don’t want to burn out staring at charts and news feeds — this thread is for you. How to avoid crypto fatigue & actually rest 🧵👇

🎉 Steve Blank (@sgblank), the founder of the Lean Startup movement, is joining @m2jr on Clubhouse this Thurs, 2/25 @ 6pm PT. Mark your calendars!

i've left @uniswap after an amazing 3.5 years. as labs grew from 30 to 150+, i grew a lot alongside it and am incredibly grateful to have worked with such talented people. 5 lessons i learned while going from leading the smallest eng team to the largest eng team at uniswap 🧵

Threads and X have similar daily active usage over the past week (as of September 20), with Threads surpassing X on three days. >>

MS will now advise normies add a 2-4% crypto allocation, hope they’re strapped in bc this roller coaster goes both ways

Patrick (and by extension, @nic_carter) are correct. Stablecoin issuers will end up paying out all of their yield, one way or another. This will put a lot of pressure on banks that don't. They'll have to pay up. The fact that banks don't pay competitive interest on deposits was never a pre-ordained optimal design for the economy. It was more of an accident of history, fueled by the lack of better technology and regulatory moats. Today, it's more of a policy decision. The banking lobby argues this impedes credit creation, but banks are not non-profits. They make money from not paying more on deposits. So bank profits will have to go down. The world doesn't yet recognize how economically impactful such a change will be. In its most recent earnings, JPM forecast $95 billion in net-interest margin income for the next 12 months. That's more than half of its 2024 revenues. BoAs NIM is in the $60 billion range, Citi somewhat lower. Not all of it will disappear due to stablecoins, but most might, eventually. Put together, I'd estimate a quarter trillion dollars that may someday not go to bank shareholders. The world is not ready for the economic impact of this - we are talking some of our largest and most profitable corporations. More importantly, the quarter trillion that doesn't go to banks will go to corporations and individuals, the depositors. Imagine the economic impact of this - a massive stimulus if there ever was one. But of course stablecoins aren't just desirable because they'll pay yield, they also offer instant settlement. The eventual disappearance of delayed settlement is another way stables will deprive banks and other payment providers--including Stripe--of income and give it back to customers. For example, the US Government pays around $1.5 trilloin in social security benefits annually. Most of it goes out via ACH (T+2 business days), some of it via even slower methods like prepaid debit cards and checks. That's $1.5 trillion dollars, the yield on which does not go to the US government or retirees, for several days a year. We are talking billions in profit for the banking system and card issuers. Same goes for the even larger amount paid by all corporations in payroll, the lost float on your rent payment, wires that take 3 days to settle, etc etc. The current architecture of banking and payments is predicated on someone else getting the yield on your money for some period of time, and charging you transaction fees on top of it for the privilege of not getting yield. Many FinTechs offer faster settlement, but for an additional fee. The payments industry, which includes banks, has over $3 trillion in annual revenues. Thanks to stablecoins, but really public permissionless blockchains, some substantial percentage of that will someday stop going to the payments industry and instead go back to payers and payees. One of the largest sources of economic rent, eliminated. The world is not ready for this. But it will be glorious.

"Andreessen Horowitz is about to remind everyone of its outsized influence on the tech culture. The firm's Tech Week kicks off in San Francisco on Monday, before heading to Los Angeles the following week. What started as a small community effort in LA during the pandemic has quietly scaled into one of the largest tech conferences in the world."🙃 Thanks @alexeheath for the feature today!! sources.news/p/the-hiring-b…

the higher the price of ether, the more expensive it is to attack the Ethereum network. as trillions of dollars in assets settle on ethereum, and the most powerful pools of capital in the world start to rely on it, then the ether token itself becomes the insurance layer and the market cap of ether acts as the wall that protects everything built on top. best believe there’s a flywheel

people really fly across the world to singapore, sit on a panel with five other people, talk for a total of 6 minutes, and say things like “stablecoins are the killer app.” sir, i could have told you that for free in 2023 in america. you didn’t have to go anywhere.

If you're doing marketing, growth, or running socials at a crypto company, I would love to chat! Excited to learn from you and can give my advice wherever is useful to you on crypto, fc, etc

Yes: hiring managers at one or two scaleups (Series A+) I talked with said they’re starting to hire juniors again because the talent pool is very good, and juniors use AI tools better+more productive+more creative than many seniors Feels like it’s some secret very few know…

We have three cool announcements today: (1) @OpenAI is launching commerce in ChatGPT. Their new Instant Checkout is powered by @stripe. (2) We're releasing the Agentic Commerce Protocol, codeveloped by Stripe and OpenAI. (3) @stripe is launching an API for agentic payments, called Shared Payment Tokens. It's clear that internet purchasing modalities are going to change a lot, and we're excited to start to lay some of the foundations. Links below!

The winner is going to look exactly like @thinkagents in architecture. It’s going to come down to who can form and deploy capital the most efficiently… I believe that the winner is going to be a decentralized movement of free market capitalists that believe in censorship and surveillance free open source software. Their software network will be modular and interoperable and will enable permissionless innovation. 🌱->🌳

Apparently people in the SF Bay Area have stopped drinking. I heard about one big social event that made half as much from drinks in 2025 as in 2024.

“ethereum is too fragmented” here are 5 new stablecoin L1s & hundreds of other “ethereum killers”. turns out interoperability is being solved on ethereum. it’s one of the top 3 priorities. alt-L1s will never solve it. they’re the fragmentation

ethereum is ending fragmentation with Ethereum Interoperability Layer (EIL). making ethereum & L2s feel like one chain. for seamless multichain transactions without trusting bridges. horizontal scalability without fragmentation. only ethereum will scale for the world

SBF would’ve been an incredible VC He invested $500M of customer deposits into Anthropic at a $2.5B valuation. The stake was liquidated for $1.3B during bankruptcy proceedings to repay customers & creditors The stake would’ve been worth $14B+ following this new round

Just got off a call with a first 1:1 call with a Think Builder who built an entire application ready to be used by agents. It's truly amazing to see the pieces coming together. 🌱->🌳

Before Don't Die, I built in payments, founding Braintree Venmo. Excited for the next frontier with Stable and @paoloardoino

What a headline… “Proponents see Ethereum becoming the platform of choice for the financial world” Eth narrative continues to go mainstream.

We've just announced plans for an OpenAI office in New Delhi: