Yeah that'd be really something. If you could just pay the cost up-front, rather than worry about how much every newer request cost, that really changes the game. There's still many other issues to worry about, like security. But as the author points out, we might be much closer than we think.
See the spread-the-word script in https://github.com/attogram/bash-screensavers/tree/main/spot...
This script generates a series of shell commands to create a "spotlight" message on the main GitHub repository page. It does this by generating commands that make trivial changes to the top 12 files and directories and then commit those changes with custom messages.
Circle is the company managing USDC and is the one to watch for a similar number. They just IPO'd and will probably have more precise data in the next earnings report, but for IPO it seems they reported 2024 $1.5B revenue mostly from interest. I couldn't find holding percentages but as a founder of the token, we can assume much lies on Coinbase - they give a pretty good yield so any coins there will have fairly low interest income for Circle, and their revenue would be mostly coins moved off of Coinbase.
USDC is primarily holding a mix of treasuries and cash. It's unclear how much directly, but if you did some reverse engineering of the math, you could probably get a close idea. Since it's not regulated, the price can drop precipitously quicker than the stock market, so there's some risk calculation that determines their treasuries/cash split.
Repo: https://github.com/phpcoinn/node
Website: https://phpcoin.net
- A real, live L1 chain, with a small but active dev team
- Supports smart contracts, dapps, and web apps
- Readable and hackable PHP code