midwits

endless capital fragmentation downstream misaligns our users & diminishes our competitive network position, opening the doors to hostility & consolidation at the expense of our users

yappin in /midwits & creating idle rpg /animarising

🎯

Money is a network, we ought to be reinforcing edges and strengthening the topology

That requires consolidation and intentionally conferring monetary premium to select assets

TLDR: Bitcoiners were right

defi summer was the embryonic stage; innovation flourished: ideas were abundant, infrastructure lagged behind & regulation did not exist  

now infrastructure has improved & crypto has entered the scaling stage

ideas are no longer abundant; emergence has slowed: most of the competition today is recycled & retried ideas, simply now at-scale

this has led to a decline in innovation (ie. low differentiation) but an increase in competition alongside better regulation, which has ushered in an era of fragmentation

this is what we are currently seeing  

as the market is captured, maturity is realized, fees are reduced & regulation stabilizes; we will enter an era of consolidation

this is on the horizon 

once growth largely becomes m&a driven, there is little room for new ideas &  ai will predominantly drive emerging solutions

this means, today, at the token level, if you want to future-proof your project, you must front run consolidation

this is best accomplished with a locked flywheel at the network level

this was a more articulated version of this thread where i argue that any multi-asset system needs flywheel alignment at the network level to have any chance at reducing the zero sum nature of the game we play, specifically at maturity 

tldr: yes

this was a more articulated version of this thread where i argue that any multi-asset system needs flywheel alignment at the network level to have any chance at reducing the zero sum nature of the game we play, specifically at maturity 

tldr: yes 

https://warpcast.com/itsbasil/0x3ab3562d