What if the volatility and rate of change we experience in crypto today isnt due only to its relative newness or financialization of protocols, but of a larger trend towards faster creative destruction cycles in general?

Financialized protocols + digital assets + Generative AI = condensed business lifecycle

Principal at Cobalt Ventures. Write @ TheItinerant.io ; BenErsing.com Host: /venturecapital /finance /adventures

A token does let you capitalize the value of a protocol with liquidity, way before it’s actually useful.

Makes sense.

Without that you have to wait until it’s adopted

I think it is rather due to the absence of institutional money. In traditional finance we can see huge volatility only where dumb money is - for example GME. The introduction of ETFs may make volatility in crypto lower in the long run.

Crypto's just the canary in the AI coal mine