So, let's see...
Dimension 1, product: lending, staking, derivatives, AMMs, prediction markets, NFTs, stable coins, etc.
Dimension 2, platform: Ethereum, PolkaDot, Near, Cosmos, Avalanche, etc.
Dimension 3, layer: Layer 1, Layer 2, rollups, and, in ETH's case, ETH 2.0
Add to that:
Cross-chain, wrapping, IBC. Add to that: dozens of new ideas in each of these dimensions every week. Add to that: oracles, wallet complexity, flash loans, leverage (both centralized and decentralized).
The complexity of this landscape already, likely, exceeds the complexity of the entire financial system. No slow-down is in sight. Companies with years of experience in crypto already can't keep up, let alone individuals.
Millions of lines of code are written, at best, with the use of locally-minded security reviews, while the truly horrifying thought is that of emergent attack surface (canonical example being flash-loan exploits, happening with some regularity on Ethereum).
Outcome: people buying crypto (any crypto, really, including Bitcoin, which is largely away and outside of this steaming pile of innovation) are taking insane risks, like carrying your child across a precipice on a bridge built out of an unknown material, by unknown parties.
And a trillion and a half dollar market cap is already big enough to cause a spill over into traditional markets, albeit not a huge one. Good luck everyone. Don't spend money you can't lose. Thanks @elonmusk, I sure hope SpaceX isn't exposed to bitcoin prices.
You can follow @MrSumfing.
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