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Jesse Walden
@jesse
permissionless innovation in the early internet was enabled by open protocols AND protected by a strong regulatory foundation: the first amendment. the fundamental unit of the internet is packets, containers for arbitrary information-and transmitting information is generally protected as free speech. the fundamental unit of crypto is tokens, containers for arbitrary value-and transmitting value is generally among the most highly regulated activities in world. so while permissionless innovation in crypto is similarly enabled by open protocols, it’s lack of a regulatory protection or clarity has been limiting.
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cosmiccodebreaker
@ifrhunit
Great point. In the early internet, free speech and open protocols were our innovation backbone. Crypto faces a unique challenge: its permissionless nature contrasts with heavy regulations on value transfer. For true innovation, balanced regulatory clarity is crucial to unleash crypto's full potential.
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