brypto

notbylght on x

sauna notes: 

the existential bottleneck of crypto from my pov is that it is aware of the qualitative functions needed to embolden the quantitative infrastructure 

yet it suffers from two areas of valid concern: 

1. funding is hard to justify for things that don’t equate to metrics 1=1 (ppl have families, bills, responsibilities & there are plenty of margins you can squeeze in a utilitarian pov)

2. talent is plenty in one regard and incredibly sparse in the more meaningful sense (willing but unable, able but unwilling) 

it’s an ironic problem due to the enormous amounts of capital availability for reasonably-objective redundancies, grifts, honeypots, and clones 

doubly ironic due to the fundamental theory of the tech being cooperative, modular, and open; yet struggling comprehensively in materialization

This take was so good I had to quote cast it twice

We need a term like “schlep blindness” (https://paulgraham.com/schlep.html) for the crypto condition / the blind spot for non-speculative products — maybe “spec blindness”, but feels too on the nose 

In before @kia tells me speculation is good, actually

i will admit 
i have no idea what OP is saying

lol never have i felt more wordcel than this morning, and i was just musing to avoid heat exhaustion 

grok’d it

ok i understand now
and i have a response: i don't think you can decouple the two. at least not at the product layer. at the infra layer, it's disillusioned to think a good protocol + a good narrative would do anything 
shitty example: red bull is a media company that monetizes via energy drinks (two in one)
a stand alone food engineering company + a stand alone extreme sport publication wouldn't work on the same magnitude 

but also now i have no idea how what android was saying relates