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YB
@yb
Day 3: Crypto vs Internet growth I was listening to the /moz episode with @barmstrong this week and found one section that surprised me a bit. Dan asked Brian what north star he thinks accurately measures economic freedom (Coinbase's mission). In my head I just defaulted to # of crypto DAUs. Instead, Brian went full Collison brothers mode and said: "% of global GDP that runs on crypto rails" He then mentioned something that caught me off guard...today only 20% of GDP is done over the internet! And even that number only recently grew a ton because of covid; before 2020, it was closer to the 10-15% range. How is crypto doing relatively? It's too early to make any GDP comparisons...even the internet was at less than 1% back in 2000 It's worth noting that it only took 4 years for the internet to go from 500m to 1b users. My guess is that something similar will happen for crypto (s-curve growth). It seems likely that stablecoin payments will be the answer here to quickly onboard the next 500 million users.
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Doublecup
@doublecup
interesting, gj bro
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