1) A question I've been getting a lot: What are use cases where crypto is working outside of crypto? In other words, what are the “real world” use cases?
To which I always think - what is the "real world”?
To which I always think - what is the "real world”?
2) Usually, the answer they are looking for is a supply chain or energy use case.
Why is it so easy to dismiss the progress within crypto?
Why is it so easy to dismiss the progress within crypto?
3) First - the internet *is* the real world
Two decades ago the largest companies in the world were found in oil & financial services
Today, the largest companies in the world sell software
Two decades ago the largest companies in the world were found in oil & financial services
Today, the largest companies in the world sell software
4) Second - new tech results in both market disruption & creation
Early internet use cases (blogs, email, media) disrupted how we communicate
But the internet also created $B for NEW markets dedicated to *making the internet an easier thing to use & place to build*
Early internet use cases (blogs, email, media) disrupted how we communicate
But the internet also created $B for NEW markets dedicated to *making the internet an easier thing to use & place to build*
5) I'd say the same is true for crypto assets
Crypto assets represent a digitally native way to send value.
This value is programmable, leading to numerous applications
Crypto assets represent a digitally native way to send value.
This value is programmable, leading to numerous applications
6) Crypto already feels very real. Sending money globally. Bootstrapping new user-owned networks. Creating a censorship-resistant, store of value asset.
But a lot of action today is in building products to allow crypto to bloom - financial infrastructure, dev tools & more
But a lot of action today is in building products to allow crypto to bloom - financial infrastructure, dev tools & more
7) just like the internet - crypto use cases will lead to both the disruption of markets & the creation of NEW markets
both are needed
both are needed