Thread by @IntuitMachine

A ton of talks on crypto infrastructure stuff going in Lisbon.
@solana @SolanaConf #solanabreakpoint #breakpointlisbon Technology is moving at breakneck speed that it's really tough to keep current! Even more difficult to be involved in the action early.

@solana @SolanaConf There is always an ongoing tension between innovation and usability. Innovation thrives in permissionless and decentralized environments. Unfortunately, this free-for-all makes usability difficult because usability involves building facades that hide useful abstractions.

The conventional approach is to continue to layer technology on top of each other, thus creating a user experience accessible to the majority. Present-day complexity in cryptocurrency is a consequence of exponential innovation.

It is always the case that those intrepid enough to navigate the territory while the railroad is still being built are those most likely to gain the biggest upside. Exponential technological growth leads to outsized opportunities for the pioneers.

A problem with the majority is that their experience of the hivemind is the mobile device. Unfortunately, a mobile device doesn't have the kind of transparent framework that allows you to get your hands dirty in the innards.

BTW, a very non-intuitive concept in the crypto space is the concept of a liquidity provider. It turns out that this concept that originates from the need to automate liquidity is essential to bind together complex decentralized applications.

A fundamental difficulty for decentralized application is the distribution of payment of services. If every dapp can only be viable through the receipt of 'energy', how then can you build useful systems that integrate complex workflows such that every service is compensated?

The problem with platforms like marketplaces and social networks is that compensation is monopolized by the administrators and not the producers. This has led to the extreme inequality we find in this world.