What does our future hold? | CEO @polkamarkets
Lisbon, Portugal
Joined October 2007
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Alex Solleiro retweeted
In under 3 months, @MyriadMarkets has taken off on @AbstractChain
by racking up $4 MILLION in USDC volume across 224 markets
with nearly 20K traders and 209K trades
What will happen in the next 3 months?
Alex Solleiro retweeted
ok… story time… a story about what I believe to be the biggest governance move to date.
you still don’t know it yet… but this is the biggest move in DAO governance to date arbiscan.io/tx/0x3f27ceebe9d…
Alex Solleiro retweeted
1/10 I have been betting my points away on @MyriadMarkets these past few days. Let me share what I've learned about how their prediction engine works 🧵
Alex Solleiro retweeted
Session keys are going to be such an incredible unlock for user experience.
Coming day one to Abstract Global Wallet on @AbstractChain
Sign once to grant an app granular permissions, then continue the rest of the session without approval popups.
Details below 👇 1/4
This may sound obvious, but instead of listening to a podcast or audiobook, I chatted with ChatGPT for an entire 30-minute drive for the first time today.
Got to discuss a few ideas and got the latest on a variety of topics.
Game changer — try it if you haven’t.
Subscription tiers for life are dystopian.
We don’t want overcomplicated tax systems. But we also don’t want oversimplified life pricing.
THE SUBSCRIPTION STATE
Brian and Toly are correct about how complex the tax code is. But I propose an even more radical-yet-proven simplification: the subscription state.
1) Begin with the observation that large tech companies like Google, Dropbox, and Netflix collect billions of dollars from millions of people around the world without pointing a gun at anyone.
2) If you don’t pay your SaaS bill, these cloud services simply shut you off. You can’t log in till you pay. They issue a few warnings, then flip a switch. And this nonviolent mechanic for global “tax” collection nevertheless allows the largest tech companies to pull in more revenue than most countries[a].
3) That means subscription can scale like taxation. Extended to communities, it’s the new SaaS: society as a service. You would pay to maintain your digital passport, which is the next step after digital currency.
4) And what does a digital passport do? Much like a login to a cloud service, it would gate access to a country’s land services — like the ability to drive a car, open a bank account, or cross the border. If your account isn’t in good standing, your ability to access land services is gradually tapered.
5) Just like cloud services gradually increase the severity of warnings to people who haven’t paid before shutting them off, there are many ways a state can gradually and nonviolently taper the services offered to nonpaying passport holders. It’s hard to imagine it being less humane than the current system, which is implicitly quite violent.
6) Moreover, digital passports already exist in some form from Estonia to India. We just need to think of them as “logins” to the physical world. And connect them to existing logins, private keys, proof-of-human, and hardware wallets.
7) Finally, the amazing part about the subscription state is that it’s not even a flat tax, it’s a flat fee. If you think about it, these super profitable tech companies mostly don’t care how much you make. They just charge a monthly fee for a useful service.
And a subscription state could do the same.
Alex Solleiro retweeted
🔥 The President of the European Commission, Ursula von der Leyen, announces she wants to propose a so-called 28th regime for startups, aka an EU Inc. 💪
@vonderleyen wants to see innovative startups scale all across the huge single market of the EU! 🇪🇺🚀
Alex Solleiro retweeted
Check out my new project:
1/ Introducing @_futarchy—the first futarchy on Ethereum.
Markets know better than the usual experts, and it is time for companies to use markets to make decisions.
I hope @leopatmagnus never records our interactions 😅
The lines began to untangle on the same day on Polymarket (outsized whale position).
Arbitrage followed on Kalshi and others.
Markets and polls both had toss-up odds at that time. Polls still do.
Possible that everyone is still betting with or against that whale since 🤷♂️
Alex Solleiro retweeted
Stablecoins are room-temperature superconductors for financial services. Thanks to stablecoins, businesses around the world will benefit from significant speed, coverage, and cost improvements in the coming years. Stripe is going to build the world’s best stablecoin infrastructure, and, to that end, we are delighted to welcome @stablecoin to @stripe.
Bridge is joining forces with Stripe!
I’m incredibly excited
We started 2.5 years ago and we’ve done a lot since then :) We’re going to do a whole lot more in the years ahead. This is an important milestone, but we’re still at the very beginning of the Bridge journey.
We started Bridge because we thought stablecoins could become a core, global, regulated payment platform. Our first year was hard. The digital asset space was in turmoil. We struggled to find partners / customers.
We launched with our APIs in March 2023.
After launch, we quickly saw inbound interest from cross-border payments companies. People talked about stablecoins for x-border money movement, but we didn't understand the space or need.
These developers onboarded, showed us what was possible, and Bridge quickly started to scale.
After that, we had government entities onboard with us to disburse aid, fintechs build US dollar-based savings and spending products, SpaceX to manage their global treasury, and many others.
Our belief that stablecoins could be a new payment platform started coming true. Developers worldwide were dreaming up new stablecoin-enabled financial products and coming to Bridge to bring them to life. And each new use case was larger than all of those that came before it.
Today, we’re moving many billions in payment volume. Our business has grown >10x this yr. But more importantly, we’re now helping 100s of developers all around the world. And their products are giving millions of consumers and businesses more economic choice.
A lot has changed (and improved) over the past 18 months. But we’re still incredibly early.
Stablecoins represent an entirely new payments platform. Realizing the potential of this platform will be a decades-long journey.
As we’ve gotten to know the Stripe team, it’s become clear that we both share a vision for what’s possible with stablecoins and an excitement around the opportunity to create and build this future
Stripe operates globally and understands better than almost anyone the problems created by our existing localized payment systems. Our teams share an excitement about stablecoins and vision for how to maximize their impact.
Together, we’ll be able to solve bigger problems, support more developers, and help more consumers and businesses all across the world.
We built Bridge to solve our most vexing global financial challenges; to pull a more connected world forward; to give everyone more economic choice.
We’re thrilled to be joining forces with Stripe to fully realize these ambitions.
Full blog post here --> xitter.cf/Stablecoin/status/1848…
The product-market fit of stablecoins is undeniable by now.
Many humans don’t have a bank account. AI agents won’t have one. All need to transact digitally.
Digital wallets and stables provide the UX for billions of users to join the global digital economy. On crypto rails.
This deal is done. $1.1b techcrunch.com/2024/10/17/st…
I encourage all Europeans to consider signing this petition with me and many others. Please tell everyone you know 🙏
Petition for the EU Inc. — a pan-european corporate entity aimed at simplifying startup creation, investment, hiring, etc.
Europe – we need your help.
Please sign this petition to create a pan-european legal entity and promote it as much as you can: eu-inc.org
We got RIGHT NOW a once in a generation chance to improve Europe for startups. 🔥
We got 6 weeks until the new comission sets their work agenda for the years to come. Uniting the European startup ecosystems needs to be part of this agenda!
The solution is known, it's just one out of hundreds for politicians. It's our job as industry to show how important it is.
First co-signatories are people like @patrickc, @nzennstrom, @martinmignot, @MattClifford, @Taavet, Eléonore Crespo, @jobvo, @roxannevarza and many many more coming in the next weeks. Hopefully including you! ✌️
How you can help:
- Sign this
- Get your friends, your team, your investors, your portfolio to sign
- Share this in your whatsapp, slack and discord groups
- Get this in front of press, newsletters, and influencers
eu-inc.org/
For Europe, for the next generations to come: Let's make Europe the best place for innovators.
Uniting as one ecosystem is the first step - a pan-european ecosystem is the key here. Let's go!
That was an incredible panel @autonolas. Thanks so much to you, my fellow panelists and our moderator.
Loved the diversity of opinions and excited about we’re building.
I hope the audience was as engaged as we were.
Also, what a venue 🤩
Alex Solleiro retweeted
What if prediction markets could give better results than polls? 🔮
That’s what happened with the most recent French Legislative elections with the @Kleros_io prediction contest using @foreland_io.
