Ryan Jin @ryanljin

Every year we get our consortium style initiative around a stablecoin, we have seen this with Diem, Global dollar and now Open USD. While the set of players here is obviously potent, I remain highly skeptical any of these initiatives can hit scale. A few thoughts on OpenUSD: 1. Liquidity and the cold-start problem. USDC and USDT have massive network effects across exchanges, payment processors, and brokers. This is always repeated but it's true, there are no BTC/sofiUSD pairs to trade on any of these exchanges or markets. These are not stableocin market makers and participants are willing to hold in size, as you can’t really use them anywhere. The fair counter is that crypto markets will be far smaller than remittances or equities/bonds. Probably true, I suspect in the medium term, but those markets are still converging on the same stablecoins. Hyperliquid just struck a massive deal with USDC/Coinbase. Every tokenization initiative so far is built around the incumbents too. 2. A consortium of 500 rivals has no precedent for working. The pace of decision-making across 500 competitors is going to be glacial. Not everyone gets a board seat at Open Standard I imagine, so what happens when decisions cut against some of the players? Circle and Tether ship whatever they want, whenever they want, with zero commitment to anyone. 3. Regulatory and antitrust risk at scale. Circle and Tether are willing to absorb enormous pressure, they have being doing so for years. They hold hundreds of licenses they can use to arbitrage markets, Yes GENIUS act gave a lot of breathing room and clarity, but oversees, this is not the same story. The moment this gets hard under regulatory pressure, I think a lot of these partners just walk away. And a bloc of the largest banks and card networks jointly issuing money is an obvious antitrust target. 4. The "socialist" economics starve the issuer. Passing reserve revenue back to partners sounds great in practice, but what does Open Standard actually operate on? Little to no retained capital. People forget Circle doesn't just have marketplace/exchange partnerships; it funds a whole web of rebates across on/off ramps, stablecoin settlement, OTC desks, and more, with each deal being somewhat bespoke depending not he partner. Who funds that at Open Standard? Who decides which deals, on what terms, especially when the counterparty is a rival of an existing member? Circle GAAP Opex for 2025 were 900M USD, if you strip out one time cost and IPO related cost, its adjusted OPEX is closer to 500M annually. Let’s say open Standard gets 25 bips, which is what other consortium did, At 10B of supply, open standard is making 25M a year… You don’t fund much with that…. You need to become huge very quickly. 5. The announcement is basically a giant LOI. Read the quotes: BlackRock calls it "a constructive step," BNY "looks forward to exploring ways to support," others say it's "interesting." Meanwhile the partners are backing rivals: Stripe owns Bridge and has its own stack, Coinbase is wedded to USDC, banks are building their own deposit tokens, and the card networks support every token out there. They'll hedge across all of them. Distribution only matters if it's exclusive — and it clearly won't be. 6. The "mint/redeem fees are a problem" claim is wrong. In practice every large institution minting and redeeming through Circle and Tether already gets big rebates. The real cost of moving money is FX, not mint/redeem and there's no moat there, because anyone can just match free mint/redeem. All in all: one to monitor, but I'm deeply skeptical that an organization that looks like a DAO of 500 companies can move fast enough to matter long term. Who decides go-to-market? Capital allocation? Anything? Ultimately this reminds me of the DAO experiment. The pitch was identical: no single owner, "neutral" governance, aligned incentives, decisions made collectively for the good of the network. In practice DAOs almost universally failed at the thing that actually matters: shipping. Governance turned into endless forum debates and token-weighted voting where nothing decisive got done, capital sat idle because no one could agree how to deploy it, and the projects that won were the ones with a clear owner willing to move fast and take risk. "Owned by everyone" almost always means accountable to no one. Open Standard is a DAO of competitors that are not really committed to anything, and I'd bet on the two operators who can ship unilaterally over a committee that has to ask 500 rivals for permission.

Open Standard @openstandard

3 months ago

Introducing Open USD: a stablecoin built for the internet economy, designed by the businesses growing it. joinopenstandard.com/blog/introduci…

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An amazing experience with flipbook.page — it generates a [mind-blowing] ♾️ infinite encyclopedia in real time. I just type in a keyword like SpaceX and instantly get that nostalgic Microsoft Encarta feeling.

@PNWConservative A clown is a clown, regardless of age.

It looks like $HOOD is pushing for Agents to trade. I am not sure I can sleep well at night.

Vlad Tenev @vladtenev

6 months ago

Markets closing at the end of the day is a legacy design choice. Tokenization opens the door to a system that looks more like the internet itself.

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Time to Trade, yes?

Public @public

6 months ago

NEW: You can now build AI Agents that monitor the market, manage your cash, and execute your trades. The Agentic Brokerage has arrived.

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@USDC @grok What do the dates at the bottom of the chart represent? They don’t appear to be in sequential order.

@IamMrMyers @karelopdebeeck $ cost averaging if you have extra funds

@vladtenev @vladtenev do you worry about x money?

@Ronald_vanLoon @tweetciiiim @grok which company created this device?

We should to know what we are doing for our next generation, but we don’t.

Public @public

6 months ago

NEW: You can now build AI Agents that monitor the market, manage your cash, and execute your trades. The Agentic Brokerage has arrived.

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Very interesting visualization of human daily behavior patterns.🤔

Massimo @Rainmaker1973

10 months ago

How Americans spend their day

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We build things to make life fun, but true magic only happens when we make time for each other. Happy holidays, Family.

MIT report: The Iceberg Index: Measuring Skills-centered Exposure in the AI Economy iceberg.mit.edu/report.pdf The report does not measure AI adoption or predict job losses. It analyzes workforce data at the skill level and compares it with what today’s AI systems are already technically capable of doing, weighting that exposure by wages. The goal is to surface the hidden impact of AI before it appears in employment statistics or GDP. The insight is not about who will lose work, but which skills are becoming fragile. That is the signal educators and families should pay attention to when preparing for the future.

“Wisdom is not a product of schooling but of the lifelong attempt to acquire it.” - Einstein In 2026, let’s launch a challenge🦾 to create 💯 interactive apps that inspire creativity, curiosity🧐, and real human connection. Apps that help families learn together and stay engaged in meaningful ways. Apps that move us away from addictive social platforms and bring us back into shared moments at home on your land of #Eduopoly📚. Who’s in? 🚀

Let’s make your home an idea lab 💡with lots of fun activities! 😄Meet Elli🐘&Echo🦏

Years ago during the pandemic, we started our homeschool journey 🏠📚. My son and I created a class project by remixing Monopoly into “Eduopoly,” built entirely with Google Sheets and App Script. There was no AI back then and it took a lot of time. That project is what inspired me to pick up coding again. 🤖✨Now I wonder how much more fun and interactive it could become if we let Gemini rebuild it today. If you want to try it too, DM me and I will share it with you for free 🎁.

Ever wanted to build your own Roblox-style game really fast, I mean super fast? I spent just 20 minutes with Gemini Nano Banana and created a LEGO-like virtual building game with zero code 🧱✨ Now imagine this Christmas 🎄 you are a parent with no idea what gift to get your kid. This might be the perfect one 🎁 You can sit with your loved one and help them build a game without writing a single line of code 👾 Nintendo is going away soon... too bad

Visualization of what is inside of AI models. This represents the layers of interconnected neural networks. And yes patterns do develop and they can form a signature of how they think. The pattern can be seen as the thought process.

The Three Circles of Family Learning - an Easylii philosophy You do not need perfection. You only need to nurture these three circles. When a child feels supported as an individual, connected to others, and grounded in family, learning becomes natural and joyful. Personal Core This is the child’s inner world. It includes curiosity, confidence, emotions, strengths, and challenges. When parents listen, encourage questions, and create safety, the child begins to trust their own ability to learn. Social Core Children grow through relationships. They learn by sharing ideas, working with others, and feeling that they belong. Meaningful conversations, small family projects, and supportive friendships all strengthen this circle. Family Core This outer circle is the environment that shapes everything. It includes routines, values, communication, and the emotional climate at home. A warm and intentional family atmosphere gives children the stability they need to explore the world with confidence.

Hello the future of social learners. We are rebuilding @easyliiapp from the ground up to be more mobile, more intelligent, and more connected. Families, friends, and tutors deserve one simple place to learn, share, and grow together. Easylii brings everyone back into one experience that feels natural, personal, and effortless. ✅More mobile. ✅More intelligent. ✅More human. A smarter way for families to reconnect through learning.🚀