David Z. Morris Profile picture
Apr 28 13 tweets 3 min read Twitter logo Read on Twitter
Coming in a sec at #consensus2023 - Some news from Paypal? #paypal #crypto
The announcement - Paypal, starting next month, will enable on-chain transfers from Venmo accounts, including to on-chain wallets.

Kind of crazy! #Consensus2023
This has been active on Paypal itself for a bit under a year
Paypal is interested in being involved in payments for web3, including gaming - "micropayments, streaming payments."
"Rumors of the death of NFTs have been greatly exaggerated." - Paypal's crypto lead Jose Fernandez da Ponte
On NFTs - "The Starbucks of the world ... are still there."
Have to highlight Ian Allison is wearing a Celsius shirt. Image
Ian asks whether Robinhood and Paypal/Venmo's crypto offerings are competitors. "More choice and more uses for consumers are fantastic, and we're happy to compete in the market to serve customers better." - da Ponte
Paypal will pass through network fees (no details) but won't charge it's on tx fees to transfer crypto. #Consensus2023
Paypal saw inflow of assets after FTX collapse last year, per da Silva
Few details of what assets Paypal will be able to handle beyond ETH.
Paypal has a Bitlicense and is regulated by NYDFS.

"And that has actually been a fantastic framework for us." - da Silva says, citing the benefits of clear rules of the road.

Similarly, he says Europe may have an advantage with its new framework. #Consensus2023
Ian: "What's your five year plan for crypto at paypal?"

da Silva: "I don't dare make a five year prediction ..." but then predicts $1 trillion in stablecoin volume globally, the existence of digital pounds and digital dollars. #Consensus2023

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More from @davidzmorris

Apr 27
First and foremost, Shatner at 92 could easily pass for 70 years old, what the absolute f*ck did they do to him in space

#Consensus2023
Orange Comet CEO cites experience producing shows like the Biggest Loser and interest in getting Hollywood onto Web3.
Shatner on an earlier NFT - they took a picture of a tooth they extracted from him in Montreal. "It sold out right away and it was very successful." #Consensus2023
Read 20 tweets
Apr 27
Livetweeting now - the actual Prime Minister of the Bahamas, The Honourable Philips Davis, talking about the impact of FTX collapse in his country. #Consensus2023
First, some prepared remarks. Davis making the case that the Bahamas is a well-regulated home for digital asset businesses, including high scores by evaluators of money laundering regulations. #Consensus2023
This week, Davis says, Bahamian regulators opened the public comment window for revisions to securities regs wrt digital assets.
Read 16 tweets
Apr 27
Now at #consensus2023: M. Casey with Kaitlin Long, Erik Voorhees, and Neha Narula dito discuss: Crypto's True Purpose
@ErikVoorhees says he "fired himself" as CEO of ShapeShift last year, and at the risk of over-editorializing, my man is looking great. Moisturized, t-shirted, unshaven, thriving
"In a market capitalist system, you should have a money that is of the market, not of the government." - Voorhees
Read 11 tweets
Apr 26
As we kick off, a disclaimer - Grayscale, like CoinDesk, is part of Digital Currency Group.
Shonnenshein kicks off with the crucial point: GBTC was designed and always intended to be an ETF. When the application for the ETF was denied last year, he says, their only option was to sue the SEC.
The foudnation of the suit, he says, is the Administrative Procedures Act, which dictates that equal things should be treated equally - making the approval of multiple BTC futures ETFs a mark against the SEC's denial of GBTC's conversion.
Read 13 tweets
Apr 26
Starting now, @magdalenakala on best practices in engaging with fans through web3. Ten bullet points! I'll be hitting the highlights here. #consensus23 #web3.
First bullet - Not all fans are customers! Not everyone who loves your product or service is going to actually buy it, but they still have value.
Point 3, and huge - Web3 is not a revenue stream, it's a bonus/engagement driver. #consensus23 @magdalenakala
Read 6 tweets
Apr 26
Hey #consensus2023 - do me a small favor: please subscribe to my Substack if you're not. It would really help sell my book.

It's where I go truly in depth. At least 1/mo, you'll get a bloated, scathing monster like this. In fact, next post coming soon.

davidzmorris.substack.com/p/ai-conscious…
Here's another one of my favorites, on Do Kwon's made-up money as a Baudrillardian simulacra of productive finance.

davidzmorris.substack.com/p/nothing-is-t…
And here's the first of the three-part series that actually nudged me to start the newsletter: "Venture Capital on Arrakis."

On futurity, the Spice Melange, investing, prediction, and Mark Zuckerberg.

davidzmorris.substack.com/p/the-future-i…
Read 4 tweets

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