Two things are evolving together: how value moves and how work gets done. Jeremy Allaire - jerallaire.arc explains why the connection between them matters.

Circle was asleep while many millions of USDC was swapped via CCTP from Solana to Ethereum for hours from the 9 figure Drift hack during US hours. Value was moved and nothing was done yet again. Comes days after you froze 16+ business hot wallets incompetently which is still being slowly unfrozen. @circle @jerallaire @usdc are bad actors for the industry.

@jerallaire Nobody wants to buy paper stablecoins bro lmao

@jerallaire 这次暴露的，不只是漏洞， 还有整个行业的“反应速度问题”。

@jerallaire the most decentralized ecosystem in crypto needed a centralized stablecoin issuer to hit the freeze button and still missed a 6 hour window. the architectural irony writes itself.

@jerallaire @grok you think circle can freeze my $USDC in future if i comment something they don't agree with?

@jerallaire Saw this play out firsthand: when an NGO can move value in seconds instead of 3-5 days, the work on the ground changes too. Hope for Haiti cut transfer costs 93% and donors could trace every dollar to the field.

@jerallaire Fuck circle. Use literally any other product

@jerallaire Value movement + work execution merging = entirely new economic layer

@jerallaire bro on that ozempic bigly

@jerallaire When value movement and work execution merge into one layer, everything changes. This is where it’s all heading.

@jerallaire

@jerallaire Thanks for this!

@jerallaire How money moves and how work gets done are the same question now

When payment and task assignment share the same pipe, whoever sequences the work queue captures rent. They see all demand before any worker or agent does. They route tasks, set prices, decide order. This is the block builder problem applied to labor. MEV exists because the sequencer sees pending transactions and reorders them. A task-routing layer that matches agents to jobs holds the same position. Circle has the settlement rail. But settlement is commodity infrastructure. The chokepoint is the router sitting above it: the layer that turns “pay per task” into “I decide who gets the task.” The constraint moved from “how do I pay across borders” to “who assigns the work.“

@jerallaire Dirty hands. Dirty money. Your sins will find you out.

@jerallaire NGL it's great we have Jer. Not only he's a great leader, he's also a good communicator.

@jerallaire Nice discussion. The connection between how value moves and how work actually gets done is becoming increasingly important. Infrastructure that enables instant and programmable settlement will be key to that shift.

@jerallaire This makes us think about how much routine work could quietly disappear in the next few years as everthing is evolving so fast

@jerallaire Payment infrastructure and work platforms are converging. The next fintech wave sits at this intersection.

@jerallaire do you guys know that your silence on security have made lots of people lose so much money and made scammers way richer ffs

@jerallaire Why do you stay silent during on chain crime?

@jerallaire How work gets done? Any work done with the DRIFT hack? None. Nothing. Nada. All you care about are profits.

@jerallaire God will punish you circle team for your failure to save a bunch of innocent peoples funds