Good summary of the new conventional wisdom of crypto twitter these days multicoin.capital/2021/05/25/tec… HT: @DavidSchawel
@DavidSchawel Basically, if you assume that the "money" part of blockchains just gets solved with the proliferation of stablecoins, then the Blockchain gets reconceptualized away from trying to create new money, to a distributed computing platform for doing stuff to money.
And if you assume that the money part is taken care of with stablecoins, then the real challenge to growth is not the invention of new money, but rather the legal impediments to bringing real world assets on-chain in some way.
And by real world assets, I don't mean physical per se. But any asset that we currently conceive of as being situated within the law or contract rights.
One thing that @KyleSamani piece makes clear is that there's no threat to BTC. There's no other project, really, competing to be sovereign, censorship-free money.
ETH however, as implied, has a strong competitor in SOL, which has higher hardware costs but faster tx throughput.
ETH however, as implied, has a strong competitor in SOL, which has higher hardware costs but faster tx throughput.
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