Chris Dixon and Packy McCormick on the Future of Crypto

Presently, the dominant blockchain/Web 3.0 application is decentralized finance, but I think it’s easier to see the value of where things are heading, and to allay worries about hype cycles, pyramid schemes and speculative bubbles, if we look past the purely financial stuff. Once you start to dig into some of the applications that venture capitalis... See more

Crypto has now evolved beyond bitcoin and its libertarian roots. With the rise of Ethereum and many other protocols, the focus is less on notions of private currencies and more on how the technology can be used for different applications. So while decentralisation remains an important component, the wider community is less maximalist about it and t... See more

It also makes intuitive sense that we’d have digital money that’s programmable. We'‘re programming everything now; mRNA is basically running a program on the cellular level. Many of the current problems in the digital economy -- lack of trust, misaligned incentives, controlling gatekeepers, treating audiences as a resource to be exploited -- arise ... See more

-Chris believes in 10 years we will have billions of ppl interacting w blockchain apps daily

While most people at the time were focused on its viability as a currency (and many still are), the smart folks were a lot more interested in what its underlying blockchain tech might mean for future business models.

web3 introduces the opportunity to create software infrastructure that is free to use forever, and that anyone can build on top of, but that rewards “the builders and participants for creating and contributing to these invaluable systems that serve society at large for many years to come.” Customers want low prices, fast delivery, and vast selectio... See more