Chris Dixon | The State of Crypto in 2022 🧵

#Permissionless2022
1/ "We are at risk of having an internet that is like broadcast TV

Web1 = Read
Web2 = Read/Write
Web3 = Read/Write/Own"

@cdixon
2/ "A key feature of web3 is, instead of democratizing knowledge, you are democratizing ownership." @cdixon
3/ "NFTs offer creators a whole new way to monetize directly with their fans"

a16z estimates that NFTs have generated $3.9B for creators vs. $15B for YouTube

that is $174k/per NFT creator vs. $2.47/per YouTube channel

4/ "I am very bullish on blockspace...the same way we are debating blockspace now, people were debating broadband...funny enough [back then] people thought we had too much broadband" @cdixon

"Not being long blockspace is like not being long broadband" @RyanSAdams
5/ "The history of working in the internet is people telling you what you are working on is a toy...there never is an intermediate space where what you are working on is 'pretty important' 😂" @cdixon
6/ "If you step back and look at the broader trends, there's a lot to be optimistic. I believe we are in the golden period of web3...if you look at the 15-year computing period cycles, there are 1-2 periods of [rapid innovation]." @cdixon

This is where we are today.

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More from @itsmechase

May 18
Why DAOs win 🧵

#Permissionless2022
1/ What are DAOs good at?

“DAOs are good at governance”

@owocki
2/ What are the key innovations of DAOs?

“The infrastructure of DAOs make them fundamentally different from traditional orgs”

“DAOs are built on blockchains, use smart contracts, and are permissionless”

“The ability to harness community energy and turn that into action”
Read 16 tweets
May 18
The Collision of NFTs and DeFi 🧵

#Permissionless2022
1/ How do you borrow against an NFT?

“As long as there is a market with a price, the lending protocol can give a loan against it, when the value drops, you go through a liquidation process”

Important Pieces: Efficiency of assets, pricing accuracy

@yubo_ruan
2/ We are working on a loan base market for NFTs…starting with Bored Apes…but floor price is too volatile…for liquidation, you don’t want to liquidate someone for [manipulative] floor drops…we accommodating for “instant dump” situations

@yubo_ruan
Read 19 tweets
May 18
Blockworks Research & much more 🧵

feat. @JasonYanowitz @MikeIppolito_ @ohhshiny

#Permissionless2022 Image
1/ Blockworks Research is a web application that will serve as the hub for all things data and analytics for crypto

You can follow the Twitter here @blockworksres
2/ Blockworks Research will be $2500/per seat.

“Permie holders get to access Blockworks Research for free” @JasonYanowitz
Read 15 tweets
May 18
Marketing in web3 🧵

#Permissionless2022
1/ With Crypto & NFTs you have a consumer who wants a product that is theirs

It’s quite difficult for brands to understand how to step into this space, and let alone market for it

There’s a lot more education that has to come down the road

@jeffcarvalho
2/ Coinbase NFT is trying to fill a need at the center of social & NFT platform

@kate_rouch
Read 14 tweets
May 18
"Stablecoins! Crypto's 'Killer' App" | a thread 🧵

(the one you've all been waiting for)

#Permissionless2022
1/ On the collapse of Terra/Luna...

"It was reckless financial engineering...it was pretty predictable if you had a little perspective...and a little sense...[but] it was veiled in complexity"

@nic__carter
2/ On the collapse of Terra/Luna...

"Do Kwon was extremely aggressive with critics, and the 'Terra' army, they literally called themselves 'Luna-tics

@nic__carter
Read 22 tweets
May 18
"The Scaling Wars - Where Will DeFi Live?"

feat... Mihailo Bjelic (Polygon), Ben Jones (Optimism), Illia Polosukhin (NEAR), Harry Kalodner (Arbitrum), Luigi Donorio Demeo (Ava Labs)

a thread 🧵

#Permissionless2022
1/ On the battle between ETH and Alt L1s...

Ethereum is the gold standard of security and it has the social adoption.

Initially there was an emphasis on sharding...[but now] the emphasis on layer 2 has grown much stronger

@ben_chain
2/ On the battle between ETH and Alt L1s...

The original idea for ETH 2 was that users would not understand which chain they are operating on --

"eventually we'll converge into a 'super chain' that hides all of this."

@ilblackdragon
Read 17 tweets

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