Daniel

Time to update Ready! I've been saying "neobank" more than I can count over the last 6 months. Today we took a big step towards that direction with our new ux. @ready_co finally looks less like a wallet and more like a neobank-app. Enjoy.

@levelsio In Germany you can now see on google maps how many reviews the owner got removed using antidefamation laws. Basically that acts now as a confidence score for the rating.

My gf is banned from reviewing places in Europe on Google Maps after she gave one restaurant in Portugal a 1-star review When she reviews inside EU it gets auto rejected, outside EU she can review any place Free speech in Europe has sadly died a long time ago

Announcements every single week!

$0 → $50,000,000 From an idea in a meeting, to thousands of happy users. Great job team 🫶

Not saying banking regulation should apply to Defi. But its a gap the industry needs to close.

I know no one wants to hear this... but banking regulation exists to a large degree to prevent attacks like we have recently seen with KelpDAO, Drift or Resolv. By forcing a certain level of OpSec and Process on companies that hold funds for others.

@drewcrawford_ How is this contrarian or asymmetric? MSCI Brazil is literally up 70% yoy

@FizzRam @ready_co If you spend with Ready 1 USDC is always 1 USD - thats the beauty. Most of our users today are heavy card users hence this is more relevant for most than fluctuations in on chain pricing (which btw also don't have a single source of truth).

@ready_co The navigation bar has four tabs, and each page has different operating logic. You can’t see the value fluctuations of USDC/USD or your stablecoin holdings. So, what is the purpose of making this change?

Introducing (𝕥𝕙𝕖 𝕟𝕖𝕨) Ready The first app that delivers on crypto's promise Quote tweet + comment YOUR KEYS, YOUR COINS for a chance to win a free Metal card

When you see tradfi products coming on chain always ask yourself "why". More often than not the reason is unfortunately that they were not able to get capital how they used to. Current example: Private Credit. Be careful where you put your stablecoins.

@SabretoothSG Its not that deep. Solve problems people care about = long term success. Constantly launching tokens is not that.

@daniel_bmn No, what brought us here is crypto market structure that means all value is captured by intermediaries.

At ethcc I figured out why crypto feels dead. founders stopped building anything that needs a token. so now we build yield aggregators on top of yield aggregators on top of... tokens nobody's launching anymore. But all of that "yield" sits on top of token economies, all of it traces back to someone somewhere believing in a token. cut off new token launches and you starve the entire yield stack from below. crypto is slowly dieing unless we make people believe in tokens again.

@blue_clarity Imagine paying 12€ for a glass of wine but you are not vibing in a bar, you are at "builder nights".

In this economy?

@obchakevich_ Sounds like nothing in that story has really something todo with the card being a crypto card. Refunds can take multiple days. The funds are never "gone".

I have a crypto card that I use all the time; let’s call it “Y.” So, recently I bought plane tickets from Vienna to Istanbul and from Istanbul to Vienna. A few hours before my departure from Istanbul, I received a notification that my flight had been canceled due to weather conditions and that the funds would be refunded to my card. And that’s when the problems started, because when I tried to buy new tickets to Munich (the only one available at that moment), crypto card “Y” couldn’t process the transaction, and I had to pay with a traditional bank card. So, the “Y” crypto card couldn’t process the refund from the airline, and the money just disappeared, lol. The point is, we’re always talking about how crypto cards are a real game-changer, but most crypto cards simply have terrible FX rates, poor support, and can’t ensure their services run smoothly, covering up the problems with marketing and big cashback offers. Users don’t need big cashback; they need a product that works seamlessly.

@daviddorg congrats on building a fax machine.

This is my “Screenless phone” I will be using for my year without screens I write on paper I scan it in It follows my commands: send a text, send an email, print me this beautiful artwork (I love John William Waterhouse) The future is near

@olliegarch typically getting the opposite reaction unfortunately 🥲

"you paid with crypto?"

@vladyslavmoroz I love safari but whenever i give it a try again something happens that needs me to use an extension (eg. claude) and it suddenly becomes a productivity tax to use safari.

@daniel_bmn Safari does it right, pinned tabs done properly retained me so long there

Am i the only one who thinks Chrome's Pinned Tabs are built in such a stupid way? I don't wan't to loose my pinned tabs when I set chrome to close tabs on restart I don't want an bookmark to overwrite my pinned tab Why do you think i pinned the damn tab?

@minchi @AltcoinAssasin No it is not a fair point. In what world is “government printing money” a comparable situation to a protocol going down due to bad security practices?

fair point on tradfi but “they do it too” doesn’t make it fine. and yes, plug USD pegged assets into the same yield-chasing infrastructure and you get similar risks. my point here is simpler: if consumer crypto dapps are burying where the yield comes from in fine print and separate docs, that is not a ux problem but more a trust problem. DeFi won’t win by being as opaque as the system it’s replacing.

Resolv gets exploited. USR depegs 90%. Somewhere, a crypto card user is still seeing "4.5% USD yield" on their app They have no idea what just happened. They don't know their app's treasury was routing through vaults exposed to USR if they haven't read through the specifics. They don't know what USR is. They didn't sign up for defi risk they signed up for This is the hidden architecture of consumer crypto products. The yield has to come from somewhere and when that somewhere blows up, the gap between what users see and what is actually happening underneath is enormous The real problem isn't the minting flaw. It is that the risk was too complex for the non-CT user to fully understand

@joakimhi * no kyc crypto cards

Daniel is saying the quiet part loud about crypto cards

@AriEiberman If your source of funds is crime or tax evasion is the goal, then these fees are very cheap. And thats typically the target group here.

A Mastercard without KYC, at 2.5% fee + 0.25c in every swipe, erases completely most yields in Aave, Sky, Morpho. 💀 Everyone wish for a non-KYC card, but beyond the short life of these programs most make them unprofitable for th average user.