As software gets easier to build, the bottleneck moves downstream: trust, liquidity, and distribution.
For fintech and stablecoin startups, the harder questions are:
> How do you earn trust?
> Where does liquidity come from?
> Who already has the users you need?
> Which market can you become indispensable in first?
A strong early wedge often comes from concentrated distribution.
From
@AlexLWitt at our
@EASYResidency workshop.