Rodrigo Araújo (@Digorithm) header
Rodrigo Araújo (@Digorithm) profile picture

Engineering @Optimism. Endless love for computer science, distributed systems, blockchain, crypto{currency,graphy}. Prev: @plasma, @fuel_network, research @UBC.

Vancouver, British Columbia
Joined August 2009
Photo by Rodrigo Araújo (@Digorithm)Photo by Rodrigo Araújo (@Digorithm)Photo by Rodrigo Araújo (@Digorithm)Photo by Rodrigo Araújo (@Digorithm)Photo by Rodrigo Araújo (@Digorithm)Photo by Rodrigo Araújo (@Digorithm)Photo by Rodrigo Araújo (@Digorithm)Photo by Rodrigo Araújo (@Digorithm)
Rodrigo Araújo retweeted
easiest way to understand why crypto has pmf is to try withdrawing 5 figs from a bank account
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This was on HN 3 (or 4?) years ago. How the sentiment is changing 🙂
Someone on HN (which is often quite crypto-skeptical) asked why exactly businesses are finding crypto and stablecoins useful. It's a very reasonable question. My response:
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Some personal news: I’ve joined @PlasmaFDN to lead the protocol engineering team. Despite the many interesting and exciting projects in the industry, I joined Plasma because I believe in its vision and the potential for a positive, global impact. Here's why:
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Our vision is to be the next generation of global money movement rails; this time, better, cheaper, faster and fundamentally, for everyone. We have just reached $1B in USD₮ liquidity locked on our network. Our public testnet is launching soon, with mainnet beta following next.
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I couldn’t be more excited to contribute to this vision and network with such an incredibly talented and driven team. Trillions.
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This quoted post is unavailable.
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⚡️ LATEST: 1.1% of the US dollar supply is tokenized as Stablecoins.
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Realizing that I had to ask a bank’s permission to spend my own funds was one of the most defining moments in my life.
My bank just refused to transfer fiat to Kraken. They inquired about the purpose and I refused to tell them. I said it’s my money, my business, not theirs. They refused to help. This is an outrage. An economic act of war. What solutions do you propose?
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Finally, a reason for me to touch frontend webdev again.
Someone made a counterstrike 1.6 CSS framework. Design is over, we have reached peak
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Don't fret, brother. Crypto is, and has always been, 99% nonsense grifty garbage/scams/jokes, and 1% fundamental global financial system revolution. But this 99/1 is based just on quantity of projects. Considered by market cap, it's more like 75% quality, 25% nonsense. Bitcoin is good. Ethereum is good. Stablecoins are good. Several dozen defi projects are good. Wildly cool technology permeates through all of it, and sound economics underpins its long term growth, though the short term feels often like an appallingly irrational market. How to cope with this dichotomy? Embrace the degen frontier and have fun, and recognize that amidst it all, a decentralized financial system is real, is important, and is working. None of it is forced on anyone, after all. We are building and we are attracting the world toward us... and much of the world simply wants to gamble and have fun. This is okay, and actually provides capital for the important work happening behind the casino. It is, actually, working. We are realizing the wildest dreams of those who are into it for all the right reasons, despite the accompanying fantasies of those who aren't. Just keep building, and build well.
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