Partner @baincapcrypto / Growth Explorer / Amateur Oil Painter

Joined December 2012
14 Photos and videos
this is what blockchains and stablecoins are made for
Replying to @dee_bosa
Clearly it’s going to be pay to crawl. Now just need the protocols and infrastructure to support the volume it’ll require. Working on it.
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It’s happening
Welp, that happened faster than I predicted. Thought it would be end of 2027, then early 2027, but agentic traffic growing so fast that bots have now passed human traffic online for the first time in the Internet's history. radar.cloudflare.com/traffic…
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Stefan Cohen retweeted
INTERVIEW: The CEO of @Cloudflare thinks "we are on the cusp of a golden age of content creation" ....because AI Agents Stablecoins can shift the internet from an ad-based business model, to direct monetization Cloudflare is working on their $NET stablecoin in order to make the robots pay Episode out Monday, Early access out today!
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Excited to continue our partnership with @variational_io
We’ve raised $50M led by @dragonfly_xyz to go all in on RWAs and bring TradFi liquidity on-chain. Today, we're launching Phase 1 of our RWA rollout to stress-test our infrastructure before bringing 100 TradFi markets on-chain this summer.
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The internet is breaking - very quickly our biometrics will become more important to assert humanness
May 15
The next authentication layer won't be passwords or CAPTCHAs. It'll be something far more personal.
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Huge congrats @turnkeyhq. The internet needs verifiability and Turnkey provides horizontal infrastructure to support it!
Thrilled to announce a $12.5M strategic investment to meet accelerating demand for crypto wallets and verifiable computing. With participation from @circle_ventures, @archetypevc, and existing investors @BainCapCrypto, @FactionVC, @galaxyhq, @sequoia, and @variantfund.
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Stefan Cohen retweeted
"Where is the real Alex?" At the @worldnetwork livestream, multiple deepfake versions of @alexblania joined a Zoom, until proof of human verified the real one. Blania: "We really need to know on the other side who we're talking to."
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well put - strong agreement
A bunch of people have written me back saying this was the best newsletter I have ever sent (flattering) ... so here it is for those who don't subscribe: AI Is Not a Labor Crisis. It Is a Meaning Crisis.
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Stefan Cohen retweeted
I've been practicing vipassana meditation (goenka lineage) for many years now Recently, my friends and I have found much more joy and consistency when we sit together So we converted part of our office into a place for NYC friends to come and sit with us We do weekly 30min-1hr sits. If you'd like to join one, just DM me!
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Stefan Cohen retweeted
1/ Natively tokenized @galaxyhq shares are now available on @Kamino’s Superstate Market. Eligible ex-US investors can bring shares onto @solana through Superstate and use them as collateral to borrow stables. The real shares of a major public company have entered DeFi.
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proof of human is an imperative for society
Agentic capability is improving fast. We believe Proof of Human is becoming critical for the internet and many of the platforms we use (like X). This paper explains why FaceID, face biometrics & government IDs won’t solve the problem, and what properties are most important.
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Stefan Cohen retweeted
1/ Proof of Human is becoming increasingly critical. In the limit democracy and human agency depend on it. But building Proof of Human is unexpectedly challenging. FaceID doesn't prevent one person to fabricate human presence for thousands of AI agents. Government ID based Proof of Human is a surveillance risk and only 1b out of 8 billion people have verifiable IDs. An anti-surveillance and effective Proof of Human that actually empowers people requires new technology [paper linked in thread] 🧵
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signing up for erebor, pretty refreshing a bank that uses passkeys
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Stefan Cohen retweeted
As AI continues to commoditize software, venture returns will go from bits to atoms - and vc as an asset class will experience an inverse, going back to what it was invented for post World War ll: technically hard, capital intensive, and important ideas solving humanity’s fundamental problems. That decade gave us Intel which designed silicon chips, Genentech which pioneered gene editing, and Sun Microsystems which laid the ground work for the modern internet. I believe we are marching towards what will become the most critical time of technology inflection, where the future will look at today with awe, just like how we admired the heydays of the Roman Empire.
Mar 1
Pure software is rapidly becoming un-investable.
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capex intensity, regulated industries, physical world and network effect businesses benefit from automation and have durability in the current technology paradigm
Mar 1
Pure software is rapidly becoming un-investable.
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I enjoy this point in the market where the death of a critical technology is being pronounced by nyt all while every major bank, fintech and brokerage are launching their own tokenized products on public blockchains
Replying to @weakinstrument
The fundamental issue with crypto is that the Blockchain is a solution in search of a problem. The Trump Admin has gone out of its way to help the industry write it's own rulebook, but this isn't enough. Crypto is out of excuses and may be out of time. nytimes.com/2026/02/26/opini…
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Stefan Cohen retweeted
Feb 26
The secret sauce is interoperability. We’ve built a platform with two sides: On one side, licensed issuers (like MoonPay) connect to on-chain infrastructure where they mint and burn stablecoins, distribute rewards, and move those stablecoins. On the other side, brands design their own custom stablecoins - all built on a shared technology standard. M0 is shared infrastructure bringing stablecoin builders and issuers together. W/@reginatto @EthereumDenver @moonpay
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Stefan Cohen retweeted
Feb 27
Introducing PYUSDx. A new offering from M0, @MoonPay and @PayPal that lets teams launch custom stablecoins backed by PayPal USD.
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unsurprising that the occ is banning yield on stablecoins (for now) their mission is to preserve banks and stablecoins threaten banks. we are going back to offshore innovation for now w/ stables
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