Founder & CEO @coinfund. Engineer. Investor. Digital network expert (blockchain, AI). Champion of the builders of frontier tech. (Not investment advice.)
The downfall of this post is a kind of
condescension-turned-solipsism that applies subjective, arbitrary metrics to attempt to homogenize a rich and diverse plurality. It is narrow-minded — and telling. For there is great happiness to be found in the succulent, and much art in a
2014 which BTC startup
2015 which cryptocurrency
2016 which token
2017 which ico
2018 which project
2019 which network
2020 which DeFi
2021 which NFT
2022 which DAO
Why do we need blockchains when money moves at the speed of light between banks, social networks are effectively governed, all data is secure and uncompromised, institutions are working perfectly, and investors are being protected by regulators?
Think about what's happening here.
A U.S. Senator is describing a whole industry of hundreds of thousands of entrepreneurs, investors, service providers, and 50m+ users in the US as, essentially, criminals and drug dealers.
Not only do these folks pay his salary, they are his
"There's this fear of missing out," says Rep. Brad Sherman.
"Peru is way ahead of us in cocaine production. China is way ahead of us in organ harvesting. We don't need to keep up on those things and we don't need to keep up on crypto" trib.al/9zUKaY6
Calling it.
DAOs will slowly start to eat the local government model.
We will actually see panarchy implemented, first at “hyperlocal governance” level.
UBI networks coming as well.
NYU researchers have called this “the piecemeal circumvention of the administrative state.”
2017: customer needs to buy ETH and install Metamask to access the dapp
2021: customer needs to buy ETH and install Metamask and convert the ETH to DAI and bridge it to the L2 in Metamask, and go over the bridge, and buy the native token of the L2 to pay for transaction fees
I’m a web2 skeptic.
So let’s get this straight. A small team at a big conglomerate, accountable to nobody, can look at my data whenever and delete it if they don’t like it?
And the solution is to use antitrust law to break that company into two similar but smaller companies?
I don’t belong to a political party, but I did listen in to the @Crypto4Harris event. A few thoughts on that call:
- I thought a town hall was for hearing people’s opinion, you know, people in the town. Instead we got a few lectures of the participants’ views of crypto and where
Can you imagine what will happen when scammers will be able to
- copy someone’s tone and grammar using LLMs
- clone the voice of your lawyer, doctor, or accountant using audio AI
- send you pictures of people you know using generative AI
No piece of communication will be safe
Climb the levels of the pyramid of understanding.
0: crypto as money
1: crypto as payments
2: crypto as inflation hedge
3: crypto as efficiency tech
4: crypto as securities
5: crypto as finance
6: crypto as middleman substitute
7: crypto as networks
8: crypto as coordination