BytesOfMan

gap that will not persist: - quality of crypto tech and tools - rarity of crypto integration Most web development still doesn't include cash wtf is the point

@vibhu Much crypto innovation in the last five years has been regulatory-driven competence arbitrage Getting less friction by rebuilding what already exists with smaller teams, accepting crypto trade-offs without crypto benefits

I remember when Stripe was the ultimate financial disruptor. The “add payments with one line of code” was ingenious product marketing that legitimately changed the industry. In my YC batch in S11, the Collisons came by and captivated us with their extensive knowledge on literally everything. Today, they entered the crypto space as an incumbent corporation, with another centralized and mostly undifferentiated blockchain marketed for crypto’s most basic use case. I take no pleasure in saying this, but: Welcome, IBM.

same reason UTXO DeFi was abandoned on BTC

unfortunately nobody is actually using UTXO chains for interesting things, so older features, even powerful ones, are ignored for EVMs narrative has evolved toward something like "using is bad"

Lots of "ghost" behavior even on dominant chains like $BTC for example, nLocktime is basically never used it could support enforced hold periods by freezing coins until a certain date ... enhancing the standard narrative use case

quality of most services is way down but you can get to-go margaritas at the airport now bad money has its perqs

The most visible consumer-facing impact of AI is turbocharged fraud in legacy systems Crypto is still the best defense and the only serious contender in the fintech arms race

the vector is much more important than the data point, moreso in exponential systems

serious malaise around crypto. even industry vets feel like they have to apologize for involvement because of all the scams. "That Which is Seen, and That Which is Not Seen"

@Only1MrAnderson technical momentum building toward reversing the trend of consolidation in capital intensive industries. Banking, mining, software consulting ... boutique tailwinds

How are people relentlessly focused on one thing? There are so many things I want to build. I believe the future is less unicorns and more extremely profitable “small” businesses.

@romanhelmetguy @ThomBrady5 This is a motif in both Caesar's commentaries and Arrian's Alexander

Most people just believe whatever they want to believe. You can show them crystal clear evidence that completely contradicts their worldview. If they don't want to believe it, they won't. One of the great benefits of twitter is you can watch this play out in real time.

co-working undefeated in the fake economy olympics

@squigglydonut @t_blom No good idea dies from lack of funding

@BytesOfMan @t_blom They need to be eating the cost.

So much of the Western United States looks like this. Why aren't we carpeting it with solar farms and colocating data centers & grid-scale batteries?

@habibislop @t_blom Why don't they build a giant catapult to the moon

@BytesOfMan @t_blom no it isn't. we're the richest nation in the history of human civilization. the guy who owns this website is trying to build a giant catapult on the moon

All crypto does is re-implement human trade. There are many successful implementations. The value comes from trade and reducing friction, not from holding and hoping

Every ZIRP-era crypto gold rush was a bet that settlement on one chain or another would have some kind of secret sauce. You had to pick the "right" one, there would be network effects, etc

Poor incentives engineered by bad policy caused the misguided crypto L2 fad