Just a place to write
When looking at who is consuming stablecoins and which ones, you can consult diagrams like this one below, where Tether is the main one followed by USDC. But this does not give you a lot of context. Now if you look at this map, where 73% of the world’s income is possessed by 14% of … Read more
The yield / no-yield discussion around Digital Asset Market Clarity Act exposes this tension (map below): In one side, banks keep high volumes of deposits and provide less benefits to the end user. In the other side of the table Fin-tech companies are willing to offer more profit to users for the adoption of Stable-coins, … Read more
I was not familiar with this ecosystem of payments and I wanted to learn a little bit on the basis. The TRON Network is a decentralized, open-source blockchain designed to be a “global settlement layer” for digital assets. They started in 2017 with the goal of decentralizing the internet and the entertainment industry (giving content … Read more
I have been reading more about stablecoins and what are the mechanisms behind the scene. In this previous map I asked my question: what do these companies do with all these US dollars they have in custody? The answer before July 2025 was: where they obtain more benefits keeping the risk of lack of liquidity … Read more
This interview, that is in Spanish, is great to understand how Europe is legislating around stablecoins and how late they are with CBDC. NUEVO DINERO o cómo Europa se carga a las Stablecoins. I did a map to remember the situation described in the interview at the end of 2024.
The story of the ETFs linked to cryptos started in 2013 with the first formal request. It was done by Winklevoss Bitcoin Trust, proposed by Cameron and Tyler Winklevoss. They requested it 7 times starting in 2013: all rejected. The ones that have obtained the approval now have been: My initial thoughts My initial thoughts … Read more
This post is a set of notes where I add information about the different versions of the web: Web 1.0, Web 2.0… Table for different versions This is not too much creative as there are many tables as the one I have created below, but this one summarizes the main concepts. Wardley map of versions … Read more
Today I was reviewing the maps of CBDC competitive analysis and specially the one where bitcoin was added with Gerard and Pablo. We were discussing about the main components, their positions and we added some other ones. This is the updated map: Digital currency in China: project e-CNY Vs Bitcoin Main discussion comes from: Some … Read more
This post starts being a pre-mortem analysis of what’s happening at the end of 2022 with the CBDC of the main economies: China, US and Europe. This map comes from conversations about Twitter and the need to skip the 30% fee imposed by Apple and Google on their App-Stores. The relative position of the components … Read more
This article is gold, I have learned a lot about the basis of the theory of money and token valuation. Thanks Jay Pazos for sharing it. Acronyms to remind: TAM: Total addressable market. SAM: Serviceable available market. SOM: Serviceable obtainable market, the market that the company can realistically address. PSOM: %market penetration of the company in … Read more