I don't think many of the people in this industry really recognise how fast the overton window is shifting
we are at that point of "all at once" in the phrase "first slowly, then all at once"
zkVM, SNARKS, whatever tech people have been RESEARCHING for years without any proper implementation is about to get btfo'ed as practical innovators rampage through this industry to build products that actually make money
it is evident to me crypto is now cutting edge tech. but it is also evident to me that this sphere of crypto we live in, this "crypto twitter", and all the protocols, products and DAOs living in it, are all incredibly estranged from this wave of innovation
every tradfi firm mentions crypto - but they only want bitcoin. onchain equities & perpetuals - but built by cexes. trad is eating our tech & lunch, and i do think that people just aren't panicking enough.
if you were here in 2021, you would have seen "NFT Twitter" and realise how far estranged they were from "Crypto Twitter", and would laugh at them
I'm telling you, that in the next few years, the "Digital Asset" group comprising of all these public companies / institutions will be laughing at "Crypto Twitter" while watching us play with with the latest "memecoins" and clinging to "onchain szn"
The dichotomy is really quite jarring. The future of crypto has never been more certain or clear, but the future of many crypto native participants has never been more uncertain.
What's gonna happen to the next L1? Who's gonna use it? How are you going to attract users, if the only ones left to use it are those in this niche internet community.
What about perpDEXes? How are you going to compete against Robinhood once they come? And if you build perps for tokens, how do you compete against Hyperliquid?
And what's your token gonna do? What's the point if your token goes down even if you have a good product? You're paid in tokens, right?Oh you have equity? Then why launch a token? Either way you look, pitchforks are there.
Owari Da.
If you're in Crypto, pivot to Digital Asstes
we are at that point of "all at once" in the phrase "first slowly, then all at once"
zkVM, SNARKS, whatever tech people have been RESEARCHING for years without any proper implementation is about to get btfo'ed as practical innovators rampage through this industry to build products that actually make money
it is evident to me crypto is now cutting edge tech. but it is also evident to me that this sphere of crypto we live in, this "crypto twitter", and all the protocols, products and DAOs living in it, are all incredibly estranged from this wave of innovation
every tradfi firm mentions crypto - but they only want bitcoin. onchain equities & perpetuals - but built by cexes. trad is eating our tech & lunch, and i do think that people just aren't panicking enough.
if you were here in 2021, you would have seen "NFT Twitter" and realise how far estranged they were from "Crypto Twitter", and would laugh at them
I'm telling you, that in the next few years, the "Digital Asset" group comprising of all these public companies / institutions will be laughing at "Crypto Twitter" while watching us play with with the latest "memecoins" and clinging to "onchain szn"
The dichotomy is really quite jarring. The future of crypto has never been more certain or clear, but the future of many crypto native participants has never been more uncertain.
What's gonna happen to the next L1? Who's gonna use it? How are you going to attract users, if the only ones left to use it are those in this niche internet community.
What about perpDEXes? How are you going to compete against Robinhood once they come? And if you build perps for tokens, how do you compete against Hyperliquid?
And what's your token gonna do? What's the point if your token goes down even if you have a good product? You're paid in tokens, right?Oh you have equity? Then why launch a token? Either way you look, pitchforks are there.
Owari Da.
If you're in Crypto, pivot to Digital Asstes
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