2/ The lessons from Amazon can be applied to cryptocurrency. There was a huge opportunity with that stock to change one's life. The early days price compared to now is remarkable.

#threadstorm 1/🧵 Many want life changing money. Cryptocurrency appears to offer that opportunity to people. The question is whether people are going to be willing to do what is required to get there.

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5/ Cryptocurrency is much bigger than payments, including the potential of what DeFi will provide.

4/ FedNow has no potential for Web 3.0. It is not going to be involved in social media. Nor will it have anything to do with gaming.

3/ FedNow is a payment system that allows for instant settlements. That is the limit of what it does. Certainly this is a huge market but limited.

2/ The idea that cryptocurrency is only relegated to payments is missing the entire premise. Sure this is one use case but only a small one.

#threadstorm 1/ 🧵 There are some espousing on Twitter that FedNow is a crypto killer. This is another example of how people keep promoting ideas that are, in the end, pretty foolish.

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5/ Stablecoins provide a basic utility that is not addressed in any other way. Because of this, as use cases grow, it will gain momentum.

4/ This is going to become a growing part of the crypto world, gaining more importance. Many feel that value capture tokens are the future but they are not.

3/ We already see this happening in some geographic regions such as Sucre Venezuela. When we look at the advantages provided to those people, it is an easy choice to go with something like HBD.

2/ We are seeing these already forming a bridge between the crypto and real world. This is vital when it comes to real world goods and services.

#threadstorm 1/ 🧵 Stablecoins are an overlooked facet of the cryptocurrency world. They do serve a vital role as the ex chair of the CFTC said in an interview.

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5/ Finance opens up a new realm. PayPal is still worth almost double what Musk paid for Twitter. This is what a payment system does. The value is much higher.

4/ Twitter was flatlining long before Musk got there. Those who were tweeting were; those who were not most likely would not start. This means user growth was going to be non existent.

3/ Musk seems to understand the concept of merging social media and finance. He wasnt to make his platform the largest in the world. This is not based upon social media but finance.

2/ From a market brand standpoint, the name makes little sense. That said, the key is to have people remember you. After all, did people know what a google was a quarter century ago?

#threadstorm 1/ 🧵 Elon Musk is changing Twitter. Actually, it is no longer that. It is now "X" which stands for Everything App. Is this a good move and what does it mean?