Engineering

EthFinance

A friendly reminder that it has historically taken ~20 years for inventions to diffuse into mass-market innovations.

Ethereum’s invention of programmable money and smart contracts is barely ten years old. The roadmap is finally starting to click into place, and Pectra(s) next year will  be a leap forward with AA, Verkle trees, based rollups, etc.

The next ten years will see gradual architecture ossification and rapid adoption along the S-curve.

Drivers for that adoption will include real-world asset tokenization, an explosion in stablecoin usage for payments and remittance, TradFi using DeFi rails for loans and investments, and a trustless marketplace of autonomous agents capable of transacting through their own on-chain identity.

Forget about today’s shitcoins, ETHBTC ratio, Gary Gensler, and all that transient noise. Zoom out and the future is both bright and obvious.

Ten years from now, we will be writing “in retrospect, it was inevitable”.

You’re not bullish enough about Ethereum, anon

At the end of the 21st century, we’ll look back and, Ethereum will have been another technology that changed humanity over the course of a few decades

creating and destroying; built flying cars & autonomous vehicles, now building /faust, more here: /july, web: july.rocks

most of those technologies on the curves are general, and the early iterations did not survive into the longest part of it – ARPANET beget the successors NSI, CSNET and NSFNET which kicked off the federal internet exchanges, and then finally broader commercial entry and innovation which became the Internet as we know it today.

Parallel analogues would place Bitcoin into ARPANET, Ethereum into NSFNET, which means something far larger is coming...

BDFL of Quilibrium, Eng @ Farcaster, ex-Coinbase, always opinionated, never hydrated

/quilibrium

Imo that might draw too much from the analogy given those networks were funded by gov. Bitcoin & Ethereum are closer to religions so much harder to replace.

Fair enough. I'm assuming the chart would need a much longer X axis to plot those transitions though.

Tell that to Zoroastrians and the old Canaanite cults that got revised into the Abrahamic triad