#web3 has the greatest potential to transform access to financial solutions that the world has ever seen. Here’s why, from an emerging markets perspective. A thread 1/10 Thread inspiration from x.com/i/spaces/1MYxNnODmaNxw with @balajis@shaileshlakhani @_jdkanani @KyleSamani others
Only about 5% of Indians had internet connections in 2009, but more than 50% do today.
So, while India wasn't really online for web2, it will be a force in web3.
Doing a session with Sequoia India, Polygon, CoinSwitch, Mohash, and more on this topic tonight.
1/ There are no other constitutional rights in substance without freedom to transact
Being meaning to write this for 6 months, but the Canadian response to the trucker protests is illustrating this so vividly, that today is the day.
We’re talking India CBDC. among us, we’ll have people who’re bank boomers, DeFi founders, people who’ve been at Fintech unicorns, iSpirt, Niti Aayog. x.com/i/spaces/1PlJQazqBdMJE
Stablecoins. Captables. Emerging Market Debt [in our case]. All can be crypto-native. And legal. Crypto just allows access to global pools of people and capital in a friction-less way.
I wrote up a detailed piece on how we can combine web2 and web3 tools to automate the mess of angel investing.
The key concept is a mirrortable, which is to a cap table what a stablecoin is to a fiat currency.
balajis.com/mirrortable
1/ It’s time. It’s here. The long wait is over.
150 pages. 121 topics. 22 NFTs. (👀)
Messari’s Theses for 2022 has arrived, and here’s why it’s the greatest holiday gift you could receive 👇
Average interest rate for small businesses can be 30% Just 4 countries - India, Indonesia, Brazil, Mexico have a credit gap of $1.2T openknowledge.worldbank.org/…
.@MoHashProtocol is built by one of the smartest folks in the Indian web3 ecosystem. @arunsdevine. Keep an eye & get in there early before it's big already. Holds true for a dev/an investor. Big things happening here. DeFi for emerging market debt.🔥