nemild

7 ms·

1.
by nemild 7mo 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, especia
2.
by nemild 7mo 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 wa
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by nemild 7mo 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
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by nemild 7mo 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 th
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by nemild 7mo 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 wo
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by nemild 7mo 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:/&
7.
by nemild 1y 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: https://www.x402.org&#x2
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by nemild 1y ago
You're welcome to borrow my copy, feel free to ping me.
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by nemild 1y ago
My dad was at this talk in 1986 that PG shares on his blog: https://paulgraham.com/hamming.html Said it was amazing.
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by nemild 2y 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
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by nemild 2y 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
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by nemild 3y 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
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by nemild 4y 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&#
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by nemild 6y 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. https://www.reddit.com/r/perso
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by nemild 7y ago
Great point. Would you argue the media landscape is the way it is due to incentives these select organizations face or the monopolistic nature of these companies? Separately, you note the high concentration of media creation , but don&#x27
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by nemild 7y ago
It depends on what "diverse" means to you. I would say that Scientific American isn't the same as a partisan news channel. But to the degree that an ad driven model and social media is the primary way news distribution happen
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by nemild 7y ago
Two observations: 1. There isn't a single media (often, when your tribe is against another, you view the opposition as monolithic rather than a spectrum composed of different viewpoints) 2. And they're not insane, editors and soci
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by nemild 7y ago
This last came up for OSS and Slack (e.g., "Please don't use Slack for FOSS")[1][2]. I took some time to reflect on why OSS wasn't the default for these messaging tools, rather than proprietary alternatives — and what it
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by nemild 7y ago
I've been writing a series called Notes to a Young Software Engineer, and handling burnout was one of my first posts. Most importantly, see a licensed medical professional. Burnout is often confused for other health issues, and you may
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by nemild 7y ago
A common argument (that you also make) is that if you're on the inside, you obviously know better than those on the outside. There's a lot of reasons to believe that isn't true. First, you may not have the right training (e.g
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by nemild 7y ago
Compared to credit cards: - Bitcoin doesn't have chargebacks - Bitcoin's base protocol transaction throughput is low - There is a fixed cost per transaction (credit cards have low marginal costs for the credit card processor, an
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by nemild 7y ago
I'm doubtful that most journalists actually want it to be that way. Those are just the economic and reader incentives in journalism today. There are some great stats about just how much the number of professional journalists has shrunk
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by nemild 7y ago
One of the scariest quotes for me was Facebook's Little Red Book in 2012 (a book handed out to every employee) that had this quote: > "When everyone has a printing press [i.e., Facebook], the ones with the best ideas are the on
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by nemild 7y ago
More in this post too: https://vicki.substack.com/p/keybase-and-the-chaos-of-crypto > All of a sudden, I started receiving lots of random messages from people without profile pictures. > These were people I didn’
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by nemild 7y ago
I dealt with burnout as a startup founder and wrote out my thoughts: https://www.nemil.com/on-software-engineering/beware-burnout... Each burnout situation is different, and happy to chat (my contact info is in my prof
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by nemild 7y ago
Words like this drive engagement. Many journalists also don't have statistical training. I wrote a financial media literacy guide for precisely this reason: > Extreme Language: Articles use extreme language to represent price moveme
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by nemild 7y ago
One caveat I would make: it is often over-generalized to then dismiss all media on a topic, especially when readers have some limited knowledge of the topic at hand.
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by nemild 7y ago
Always value contributors to my media literacy guide. This message is a key point that underpins all the examples I list. https://github.com/nemild/hack-the-media/blob/master/README.... There's also
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by nemild 7y ago
No it's not between two trusted parties. If those parties disagree, they have recourse to the blockchain, and so don't have to fully trust each other. The lightning network couldn't be built without having a lower level trust
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by nemild 7y ago
For those interested, Morning Pages are pretty great as well (3 pages each morning of quick, freeform writing): https://www.chriswinfield.com/morning-pages/

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