But the key is to retain an open, competitive market, and not to recreate the proprietary order-flows that exist in traditional markets, he says. "Nobody wants to see that."
@udiWertheimer@brockm@Gina__Abrams@Old_Samster "Decentralisation and censorship-resistance are not use-cases. They are properties of a system," says @brockm. "Bitcoin addresses a very important problem. It's a primitive upon which we can build powerful applications for the transmission of value. Payments is the killer app."
@udiWertheimer@brockm@Gina__Abrams@Old_Samster "[DeFi and NFTs] did create a digital circular economy, which is something Bitcoiners were interested in since day one," says @udiWertheimer. "Should we change Bitcoin to allow that? I would say probably not. But we need a middle ground." #Mainnet2022
Cycles come and go, but how do you navigate them? We’ll hear from @cburniske in conversation with @twobitidiot for the long view on crypto market cycles.
@placeholdervc's view on tech history:
Hardware era (IBM, microprocessors) -> Software era (Microsoft, Linux, TCP/IP) -> Data era (Google) -> Crypto era.
"The hardest problem is how to make complex technology easy to use?" says Coinbase product chief @surojit as he walks @twobitidiot through the @coinbase product suite.
"We have a model of core, strategic and venture products. 70 percent of resources we dedicate to our core, revenue-generating products ... 20 percent to strategic products... 10 percent to venture products, which are new bets," says @surojit on setting priorities. #mainnet2022
@surojit "A lot of venture products we source from our employees. We run a YCombinator-style pitch day, and that's how our NFT marketplace started as well.
Many of these venture products will fail. Some will become multi-billion dollar products," — @surojit#mainnet2022
One of the most OG people in NFTs is here to talk about the future of the space from the perspective of @opensea#Mainnet2022
Devin goes through @opensea's product suite:
SeaPort - Gas optimized marketplaces
SeaDrop - Minting tooling
OpenRarity - Open standards for rarity
And "rolling thunder" approach to a multi-chain world.
Devin says the underpinnings of a healthy gaming economy is starting to emerge with gaming NFTs.
"NFT transaction counts haven't had nearly as steep as decline [as volume], so what you're seeing is a lot of excitement, but just at a lower price point," he says.
"One of the biggest things holding back crypto is tribalism ... I truly believe all boats can rise," says @bgarlinghouse to applause from the packed room at #mainnet2022
"The first time I met with the SEC, I didn't even go with any lawyers, it didn't even cross my mind XRP would be regulated as a security," — @bgarlinghouse on his first engagement with the regulator