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If you think #DeFi will have a smaller impact on $ETH than ICOs, you aren't paying attention.

The ICO boom flexed #Ethereum's ability to perform 1 financial service: early-stage capital formation.

#DeFi will flex Ethereum's ability to perform *all* financial services.
If you’re whining about #DeFi now, I fear for your mental state in a couple years time — this is just getting started.
Crypto is still off the radar compared to 2017-style interest, and that type of interest will come again, and again, and again, and...

Each cycle with past narratives hardened + new narratives that drive further conversion of users, suppliers, developers, and investors.
Eventually these architectures will be the “new default” and the cycles less pronounced, but we’re still a ways from that.

Until then, expect plenty more experimentation. New narratives will be the norm, don’t bet against the obvious.
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Chris Burniske
@cburniske
The cost to produce and distribute Information has collapsed thanks to Information Technology (IT).

With that collapse in cost, we've seen an inversion in how Power uses Information to its advantage.
2/ We went from the Church, which capitalized on *high-cost* of information (pre-printing press, all books had to be handwritten), by *limiting* information that would compete with the Church’s aims.
3/ To current Nation-States, which exploit the extremely *low-cost* of information to *amplify* the ideas they want people to think are true.
Read 7 tweets
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Chris Burniske
@cburniske
Millennials will take power from Boomers, and with that power we can craft our systems to better match our 21st century virtues.
My fear is when given this power we won’t know how to civilly synthesize or prioritize our varying virtues, which could paralyze the “broad social progress” Millennials feel united in desiring.
We learn by example, and our recent examples of macro-governance and compromise have been dismal + the Web-dialectic has tainted civility (irreparably?) — thoughts on what we do from here?
Read 3 tweets
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Chris Burniske
@cburniske
Enjoyed this piece on @decredproject's "conservatives" and "progressives." Funny to see different parties emerging in our digital collectives, just like the meatspace... github.com/monsieurbulb/f…
2/ As with any community, there are varying viewpoints re: $DCR's best uses and the way to spend the network's treasury towards those desired ends.
3/ The "conservatives" are largely in control and rolling out a plan for $DCR to progress from SoV to MoE and then to UoA.

The "progressives" want more experimentation with the beautiful Decred machinery they've fallen in love with.
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