A reminder that regardless of short-term price movements, crypto wins in the long run because it enables 1000x faster innovation cycle time than is possible on legacy financial infrastructure.

Here's how 🧵 Crypto optimizes for decentralization. This should strike everyone as weird: Decentralization means trading-off all the typical things you'd optimize for in software/org architecture, like speed and scalability.

1/Satoshi said Bitcoin was for “commerce on the internet” (the first four words of the Bitcoin whitepaper). Turns out she was right. But not in the way most people think – and probably not even in the way she imagined. 2/A naive interpretation of “commerce on the internet” is to imagine traditional e-commerce merchants accepting Bitcoin as a method of payment. That hasn’t happened for a bunch of reasons and still may not. Time will tell.

1/THREAD: A few thoughts on “fundamentals analysis” of cryptocurrencies 2/A cryptocurrency is an asset that makes a decentralized application (“dapp”) possible