Opacity

Thanks for the h/t @dabit3. It’s true, blockchains are by themselves useful. This explains why even though so much VC funding is deployed we have yet to break out of our own industry in a meaningful way.

I wanted to point out a part of Chris Dixon’s recent article I think is incorrect. The lack of utility of Defi is better explained by the fundamental limitations of blockchains vs regulatory bottlenecks.

We already have products like Earnifi (linked below) gaining adoption offering stablecoin alternatives to the predatory payday lending industry. This was unlocked by new regulations but zkTLS. The ability for users to port their own data from APIs like Gusto/Workday.

Blockchains by themselves are limited in utility by verifiability of the world. This thesis has been validated.

Blockchains are not actually that useful unless they are interoperable with the existing internet.

This is why zkTLS matters, why its adoption is taking off, and why I won't stop talking about it.

nader dabit

Thanks for the h/t @dabit3. It’s true, blockchains are by themselves useful. This explains why even though so much VC funding is deployed we have yet to break out of our own industry in a meaningful way.

I wanted to point out a part of Chris Dixon’s recent article I think is incorrect. The lack of utility of Defi is better explained by the fundamental limitations of blockchains vs regulatory bottlenecks.

We already have products like Earnifi (linked below) gaining adoption offering stablecoin alternatives to the predatory payday lending industry. This was unlocked by new regulations but zkTLS. The ability for users to port their own data from APIs like Gusto/Workday.

Blockchains by themselves are limited in utility by verifiability of the world. This thesis has been validated.

https://x.com/dabit3/status/1911819037333430724?s=46

Working on building zkTLS infra/products. A ruthless empiricist and meme connoisseur.

/opacity
/eulerlagrange

https://x.com/dabit3/status/1911819037333430724?s=46