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SBF
@SBF_FTX
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@SBF_FTX
15) In other words: There are all of the primitives. An exchange, and a stablecoin, and staking, and lockups, and wallets, and AMMs, and tools, and borrow/lending. And more coming, because finance isn't the only thing that can be decentralized: mediaserver.express
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SBF
@SBF_FTX
16) And, crucially, the primitives scale. The Serum ecosystem already scales more than any other DeFi ecosystem ever has, and in fact more than many are ever even trying to.
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SBF
@SBF_FTX
18) So you start by building a foundation that millions, and eventually billions, of people *could* use. That's what Serum has done so far.
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SBF
@SBF_FTX
17) So anyway: I don't want to overgeneralize too much here, but roughly speaking: If you build a product used by 1B people, that's worth a fortune. And how do you do that? I don't know, I've never done it before! But you have to identify something 1B people *could* use.
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SBF
@SBF_FTX
20) And this is sometimes the hardest part. The world is filled with products that die a slow death because no one ever really uses them. Huge userbases don't grow on trees. They are, often, the key.
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SBF
@SBF_FTX
21) So is Serum going to get 100m users? I can't tell you for sure. But it's sure as hell going to try.
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SBF
@SBF_FTX
22) 100m is a *lot* of users. It's more than Robinhood, and eTrade, and Coinbase, and Binance, and Slack, and Nissan, and DeFi. It's less than Facebook, and Google; there's always room to grow. It's also a bit less than the number of users of Maps.me.
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@7Lowe
Replying to
@SBF_FTX
and
@SBF_Alameda
I'm very excited to see how this is implemented. Is it all going to be integrated in such a way that users don't even realize that it is all running on the blockchain? I think that's the key to success. Make it all disappear to the user and just work like magic.
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@7Lowe
Replying to
@SBF_FTX
and
@SBF_Alameda
I just finished reading the whitepaper & it looks very promising. As a 🇺🇸-person I can't participate in the IEO, but as a near-perma-expat & frequent traveler I'm almost certainly going to be a user.
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