Colton Dillion 🎩
@cadillion
What does it look like for crypto to win? Like–why are we here? In this particular industry? Building on these particular technologies? Speculating on these particular coins? What is it all supposed to be for?
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cryptocellaris.eth 🎩
@cryptocellaris
great thread i think the core thing crypto is actually a good fit for is solving coordination failures that markets and governments have largely failed to or only solve at great cost the trustless nature of the medium is both a strength and a weakness private blockchains have been used by forking the public open source software it all runs on and then used to solve coordination failure by letting technical teams from competitors basically work together on modernizing backend systems which isn't impossible without crypto, but the social arrangement of business competition basically destroys the trust, which a trustless network alleviates unfortunately most of the highest value use cases so far seem to end up being private blockchains because the public ledger is a huge attack surface for scams and hacks very possible blockchains live on as tech but public ones are mostly relegated to criminal or grey market activity
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cryptocellaris.eth 🎩
@cryptocellaris
we could see public blockchains supplant backend banking infra primarily because they solve the problem of "how do we de-risk the cost of building new financial plumbing between many competing banks in different jurisdictions" , with the answer being that it's already built, already been hacked many different ways to test the security, and can be used as is or wholesale forked and run as a private invite only blockchain tbh most of the real value adds are not sexy i see huge opportunity in managing b2b performance contracts, but just writing the sentence puts me to sleep lmao
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