Chris Sirise
9.1K posts
Chris Sirise
@chris_siris
boring stablecoin arc. previously partner @saisoncapital, cofounder @pixelmon
Katılım Mayıs 2009
905 Takip Edilen416.4K Takipçiler
Update from the ground in Dubai: City is running as usual.
People in group chats are cautious, but most have continued with their evening plans.
Some restaurants in the Palm are closed for the night.
Food, delivery, and taxi services running as usual.
Streets are at 70% “fullness” you’d expect on a Friday night. Burj Khalifa light and fountain show are ongoing.
People are hopeful for de-escalation in the coming days.
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Happy Pokemon day!
Mew has been my favourite Pokemon since I was 12 or something. Could not figure out how to get a Mew for the life of me (limited internet access back then)
I met another kid with a bunch of mews in an arcade. We battled, he trashed me. But I convinced him to duplicate one of his mews for me (the OGs would remember: you had to connect those gameboy cables and then plug them out at a specific moment during trading. The receiver gameboy would record receiving the Pokemon but the giver would keep theirs)
That bunch of pixels became the most valuable thing to me ever
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A difficult day and my core priority right now is finding good roles for our excellent team @StepFinance_ @SolanaFloor @RemoraMarkets
Some people have reached out on acquiring various businesses and we will pursue those if serious and have interest but we are on a time crunch
Let us know if youre hiring feel free to slip into DMs
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Buying a rare Pokémon card for $16.49M USD is like buying a rare Bored Ape NFT for $2.76M USD in 2021.
Few
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My wife and my co-founder @locomotiff_ have effectively run my entire life between them for the last decade to the point I have the survival instincts and adulting capability of a retarded panda so at this point I don't think I could handle a break-up with either of them.
Annie ❤️🔥@AnnieLiao_2000
my friend's cofounder breakup is messier than his actual breakup i've observed the stages: 1. denial (weeks 1-2): "we can make this work" 2. negotiation (weeks 3-4): "what if i take a smaller role" 3. anger (weeks 5-6): "you never listened" lawyers (weeks 7+): equity split negotiations the worst part: • you see each other at every SF event you share a cap table for 10 years • mutual friends must pick sides • you can't talk about it without hurting the company his ex-cofounder just launched a competitor i predicted this 8 months ago based on their communication patterns but was told i was "being negative" pattern recognition is undervalued
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got asked why don't more big tradfi players become lending curators since they could dominate in a very reputation-focused market like curation
imo its because over the last year revenues across all curators were only 13.3m, and if you mess up losses are in the billions
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@BullionBrief If hotels, cocktails and restaurants are your primary day to day expenditure then yes, it will be expensive.
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Singapore is far too expensive to live in. Everything is extortionate pricing from hotels to cocktails to restaurants.
You can buy 4-5 times as much for the same prices in other South East Asian countries, and those countries have infinitely more soul and energy than Singapore.
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@MikeIppolito_ This is how asset managers historically have operated in the real world though. Most managers focus on what they know best and outsource distribution.
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TVL is an exceptionally flawed metric these days due to the private, offchain nature of how it's sourced.
Most DeFi protocols these days get pitched "TVL rounds," where big offchain PBs and lenders organize LPs in exchange for a fee.
Turtle Club has been doing this successfully for some time, hence why the metric is at best highly misleading today, but it's only getting more institutionalized.
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On chain lending is cheaper mostly because it is overcollateralised and unlicensed. If we are made to change those 2 components we would see costs go up very quickly.
We would have to change both of those at some point if we want to see the industry grow. We would still have lower costs just because of efficiency of things on chain (the points you mentioned) but no where near what we are seeing now.
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So this is what they meant when they said crypto will become mass market
Loopify 🧙♂️@Loopify
BTC vs S&P bro
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Any convo about web2 neobanks centre around customer acquisiton costs (CAC).
Web2 fintech already taught us the lesson: customer acquisition only works if you can upsell multiple products on a low cost of capital balance sheet.
Single-product wallets are not banks (yet). Until they solve for cost of capital and make CAC work.
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High yield in DeFi usually means "lend me money at a lower rate than you would with fiat"
Markets are honest. Marketing is not.
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Credit card interest rates are high because the CAC for a good credit card customer is very high once you factor in all forms of indirect costs on top of the direct sales costs. Losses taken from defaulting customers, having to do merchant acquisition which in many banks is a loss making portfolio etc.
You can narrow margins and that sounds like something people would want, until you realise the card issuers will just react by tightening credit requirements and having less people with access to credit. The solution is to solve for CAC/distribution.
Paul Frambot 🦋@PaulFrambot
Credit card rates are insanely high for consumers, but capping the rate isn't the solution. The real problem: the market for these loans is widely uncompetitive and proprietary. We should strive to build a more open market for trust/loans. Once any lender can compete, customers will get a much lower and fairer rate, based on their creditworthiness. Without this, capping rates will just exclude people from credit entirely. If only someone was building a universal lending network where anyone can prove their trustworthiness and let a competitive ecosystem of asset curators compete to underwrite them, whoever they are, wherever they are... 🦋
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On 26 December 2025, we welcomed our son, Ariel.
May we raise you not to chase happiness—so flimsy and mysterious—but to be fierce and gentle, so that you can make yourself free.
Your parents.
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