I work on scaling systems and platforms for the internet. Director of Digital Currency @medialab, BoD @blocks. PhD from @MIT_CSAIL, formerly @digg, @google.
I've written 70+ recommendation letters for students applying graduate programs in my career. This is the saddest one I have to redo.
// A former undergrad student got denial of entrance with a 5-year ban, when flying to the US for PhD study. As usual, no reason was given. I
This is a good analysis on the Stripe and OpenRouter acquisition!
But I disagree with the Fortune 500 stuff at the end. Stripe has always been about capturing the wide swath of new companies, of which a few might grow to be Fortune 500s.
It fits a couple of things —
1) Stripe has a history of M&A around developer tooling, dating back to them buying runkit.
2) Hard to argue with the theory of being payments for developers when they're the clear market winner for devs who need card acceptance + they've
The original sin was the belief (propagated by certain VCs) that money and finance weren't "enough" and blockchain technology had to expand to replace the entire internet. this made no sense and totally diluted the use case.
fixing money and finance is the whole point
I know people like to spin things in positive directions, but reading the tweet from @jessepollak and @jacqmelinek after that, I am going to give my view as an outsider:
One, Base has been an outright failure.
Base did not add significant new customers. There are no working
New podcast on @CurrenPower: we sat down with @neha for an in-depth conversation on CBDCs, Stablecoins, Privacy, Quantum and Geopolitics outlook.
Neha has a unique ability to explain very clearly complex concepts - a must listen!
open.substack.com/pub/eurostable…