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
It is still incredibly early. Instead of thinking of crypto as a full-fledged product, think of it as a new set of tools engineers and entrepreneurs can use to build. Just as the internet in the late ‘90s was engineering-heavy and design-light, crypto thus far has focused too much on the technology and not enough on the user experience, too much on... See more
9. There is a lot of noise in crypto, and founders often forget that their purpose is to build a great product for people. Some founders have lost their way when it comes to tokens, and token economics has become an important topic for many founders. But I don't think there is a real valid token economics, we are still at the stage where token econ... See more
Crypto’s original application required its original sin: tokenized architecture. The corrupting force of financialization ultimately overpowered the usefulness of the technology.
Right now, many of the successful applications for crypto technology are in finance or finance-adjacent fields. For example, people are using crypto to send cross-border remittances to family members abroad and Wall Street banks using blockchains to settle foreign transactions.