It's not still the early days

One major challenge is that the blockchain has, at present, approximately zero uses for the typical consumer. Theoretical uses abound, but no ordinary person is choosing a blockchain-based technology over its traditional counterpart. More than a decade after blockchains first caught tech geeks’ eye, not a single smartphone app that you use with fri... See more

For a technology that’s billed as an architecture of the future, crypto is powered by a discourse that’s rooted in the past. Perhaps that’s why so few cryptocurrency-based, Web3-style projects meaningfully address big, future-facing problems. Instead, they seem to want to re-create financial structures that already exist, only with new people at th... See more

-The tech isn’t there yet: If you’re building in web3, you’ll know this secret; behind the shiny exterior of the future is a tech world that is very, very early. Key products are yet to be built, documentation for existing tools is sparse, APIs are raw or nonexistent, and so much of the tech that does exist is narrowly focused on NFTs and tokenized... See more

It's unfair to judge Ethereum (which launched 7 years ago) or Solana (which launched 2 years ago), both of which do claim to enable "use cases", by Bitcoin's 13-year history. Smart contract platforms are a different technology than blockchains, even if they are colloquially used interchangeably. Many major projects on Ethereum, have only a few year... See more

Point is, we are still very early in the process of learning how to think about crypto networks, let alone what we can build with them.