1/N A quick thread inspired by this weekend’s Twitter war. No “side taking” here, though like everyone, I am biased. As usual I want to focus on the technical sides.

What levers are available to a blockchain if you want to increase throughput and decrease fees? 2/N If one network claims to have meaningfully greater throughput (10x or more) and lower fees relative to another network it must have done at least one of two things:

1) Compromised on decentralization and censorship resistance
2) Made a breakthrough on distributed consensus

If “the metaverse” strictly means an immersive VR world, then it’s not happening, and I can explain why in 10 words:

Normal people will not strap a box to their face. I know people think this is like some little detail we just need to work out, or people need to get over, or something. It’s not, though. It’s a total dealbreaker for the majority of the population. It’s so obvious to me I don’t know how everyone else can’t see it.

0/ What if, rather than destroying the dollar, decentralized cryptonetworks end up being the catalyst for amplifying it’s dominance in a wave of global dollarization?

How you ask? This idea just popped into my head, and God help me I’m going to think through it on Twitter. 1/ Sound money narratives and premature reports of its demise aside, it seems to me that USD is still the best money in the world right now. That is, all other things being equal, if you could hold your wealth in only one money you’d probably want to choose USD...