Besides making VCs richer, of course
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!
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
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.
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.
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.
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?
Thanks so much Nat- I learned a lot in this one!
Awesome post, one of the best so far