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eric's avatar

really enjoyed this post. love how you simplified blockchain tech as an innovation that really just allows PDAs.

frustrates me though that there’s no easy way to go from the idea of PDAs to potential massive use-cases. similar to how it would’ve been impossible to go from “hey computers can now talk to each other” to “sending disappearing photos to your friends”

seems the best ideas come from really being in the weeds of a particular problem domain. all the more encouragement to just get out there and start making things i guess!

Nat Eliason's avatar

Yeah I think like most great innovations it takes 5-20 years of stupid ideas getting smashed together for some really good ones to shine through. I'm fine with being patient

Maximilian Neidhardt's avatar

Good link to watch related to how early technology can be misconstrued or the unimaginable use cases is an old Ted Talk from Jeff Bezos about the internet. https://www.ted.com/talks/jeff_bezos_the_electricity_metaphor_for_the_web_s_future?language=en

We are so early still, not to mention the computational technology advancement relationship

Christian Lemp's avatar

Nice, balanced take and your experience in the space shines through. It's early but like any form of new rails a realm of adjacent possibles awaits.

Brice Bian's avatar

I love the ideas, and at the same time we have to admit, there are a lot of ideas that we haven't even thought of at all.

Jon Sellers's avatar

Layer 2 of this problem is does the blockchain provide the lowest cost solution for a given problem domain. If it doesn't adoption is unlikely.

Ram's avatar

great piece! qn: do you expect to see more innovation in the consensus mechanism space, or will we be sticking fundamentally to POS and POW?

Trinity Daniel's avatar

You hit the nail on the head regarding the "skeuomorphic phase"—most people are just trying to force old banking habits onto a tech stack that’s designed to blow them apart. The real "killer app" isn't some cringe social token; it’s the fact that we finally have a backend that doesn’t require a permission slip from a legacy bank to move value globally at 3 AM on a Sunday. We are definitely in the "dial-up" era of PDAs, but once the UI finally catches up to the utility of borderless stablecoins, the skeptics are going to realize that crypto was never about the coins, but about the infrastructure.

If you're looking for a way to bridge this gap right now, I’ve had an excellent experience using https://paykassma.com/business-solutions/gaming-payment-gateway because it actually makes high-volume digital transactions feel as seamless as the "future of finance" is supposed to be.

Pete Frandano's avatar

Thanks so much Nat- I learned a lot in this one!

Nic Carter's avatar

Awesome post, one of the best so far