nemild · HackerTrans

5 個月前discuss

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.

nemild

5 個月前discuss

(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.

nemild

5 個月前discuss

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.

nemild

5 個月前discuss

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.

nemild

5 個月前discuss

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.

nemild

5 個月前discuss

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

nemild

2 年前discuss

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

- Senior Product Manager, ex-engineer, who has built API products before and written documentation

- 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

https://www.coinbase.com/careers/positions/5479981

nemild

8 年前discuss

In many ways, though, this is a content and social play. It's debatable if most bike manufacturers have that DNA.

In light of what people are paying for Soul Cycle, etc., this makes a lot of sense, regardless how good the UI or bike is.

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