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RE: Why Blockchain Maximalism Is Downright Foolish
Totally agree and I think one of the most missed points about crypto is the part you wrote — it’s about technology more than finance.
Most people hear cryptocurrency and think payment method. When I hear cryptocurrency, I think about the technology and what it can be leveraged for. We are so early to a technology that will disrupt nearly every industry and finance is but one of many things that crypto can be used for.
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That’s weird. I have a different perspective. I think that all technology eventually gets commoditized. So what is really cool about blockchain is it provides an alternative incentive system on top of the bleeding-edge tech. So as cloud providers like AWS and MSFT start catching up with their BaaS solutions, they will have better and cheaper tech BUT they will not be able to replicate the community and mature token economies that grew up and embedded themselves in our new digital economy while they were focused on ketchup on the tech.
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