Ryan Myher
👤 PersonAppearances Over Time
Podcast Appearances
I think that... I think it could. I think, like, it's hard for people in America to understand the problems that crypto really solves for. Like, I tell my friends, they're like, well, I just use my credit card. And I'm like, well, you have to understand, like... the people that this is really solving a problem for are not in America.
And I think it's going to start with outside adoption, many other countries, and it'll kind of come back to the United States and come full circle, especially as we move towards a global economy, right? So you need a way to seamlessly pay anyone in the world instantly.
And I think it's going to start with outside adoption, many other countries, and it'll kind of come back to the United States and come full circle, especially as we move towards a global economy, right? So you need a way to seamlessly pay anyone in the world instantly.
And I think it's going to start with outside adoption, many other countries, and it'll kind of come back to the United States and come full circle, especially as we move towards a global economy, right? So you need a way to seamlessly pay anyone in the world instantly.
And so like a lot of our engineers in India and we have a guy in Venezuela and France, we pay them in USDC, which is like a dollar pegged equivalent backed by like treasuries and things. And I can pay them instantly, right? Like I actually pay them on Genius. So I can send them like their pay USDC on Genius instantly. There's no like five, 10 day wait. There's no like clearing house.
And so like a lot of our engineers in India and we have a guy in Venezuela and France, we pay them in USDC, which is like a dollar pegged equivalent backed by like treasuries and things. And I can pay them instantly, right? Like I actually pay them on Genius. So I can send them like their pay USDC on Genius instantly. There's no like five, 10 day wait. There's no like clearing house.
And so like a lot of our engineers in India and we have a guy in Venezuela and France, we pay them in USDC, which is like a dollar pegged equivalent backed by like treasuries and things. And I can pay them instantly, right? Like I actually pay them on Genius. So I can send them like their pay USDC on Genius instantly. There's no like five, 10 day wait. There's no like clearing house.
There's no, none of that BS. It's like I send it to their wallet and that's it. Yeah.
There's no, none of that BS. It's like I send it to their wallet and that's it. Yeah.
There's no, none of that BS. It's like I send it to their wallet and that's it. Yeah.
Sure. Assets. I think the best way kind of to start that topic would be going like basically talking about centralized exchanges and decentralized and then kind of talking about how we're different. That works. Yeah. So I think you have Coinbase. Everyone's familiar with Coinbase. It's a centralized exchange and basically they custody funds, right?
Sure. Assets. I think the best way kind of to start that topic would be going like basically talking about centralized exchanges and decentralized and then kind of talking about how we're different. That works. Yeah. So I think you have Coinbase. Everyone's familiar with Coinbase. It's a centralized exchange and basically they custody funds, right?
Sure. Assets. I think the best way kind of to start that topic would be going like basically talking about centralized exchanges and decentralized and then kind of talking about how we're different. That works. Yeah. So I think you have Coinbase. Everyone's familiar with Coinbase. It's a centralized exchange and basically they custody funds, right?
So you put $100 on Coinbase, they're custodying those funds for you. So they're not like really yours. They're kind of, you're lending them to Coinbase. And so whenever you're buying things on Coinbase, the problem with centralized exchanges is I'd say two main problems. The first problem is there's listing teams. So you can only buy what they tell you you can buy, right?
So you put $100 on Coinbase, they're custodying those funds for you. So they're not like really yours. They're kind of, you're lending them to Coinbase. And so whenever you're buying things on Coinbase, the problem with centralized exchanges is I'd say two main problems. The first problem is there's listing teams. So you can only buy what they tell you you can buy, right?
So you put $100 on Coinbase, they're custodying those funds for you. So they're not like really yours. They're kind of, you're lending them to Coinbase. And so whenever you're buying things on Coinbase, the problem with centralized exchanges is I'd say two main problems. The first problem is there's listing teams. So you can only buy what they tell you you can buy, right?
So they have to list certain things. And while that's good to some degree, it's like a lot of the opportunity space is not on centralized exchanges or not on Coinbase, right? By the time that gets there, they're already like $50 billion plus tokens, right? And the second thing is they can freeze your funds whenever you want.
So they have to list certain things. And while that's good to some degree, it's like a lot of the opportunity space is not on centralized exchanges or not on Coinbase, right? By the time that gets there, they're already like $50 billion plus tokens, right? And the second thing is they can freeze your funds whenever you want.
So they have to list certain things. And while that's good to some degree, it's like a lot of the opportunity space is not on centralized exchanges or not on Coinbase, right? By the time that gets there, they're already like $50 billion plus tokens, right? And the second thing is they can freeze your funds whenever you want.
Like my co-founder, Armand, he had his funds frozen in Coinbase for over a year. It basically just proves the point that you don't really own your money. And it goes into the problems with third world countries as well, where it's like a lot of these banks are corrupt and stuff. So it's like having full custody of the dollars that I send you is really meaningful to a lot of people.