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

not sure i’m fully grasping your response. if i am tho, then i think we’re pretty aligned

said another way, within your provided example, would say that right now crypto knows it needs to do both aspects of what red bull does but it struggles to justify funding for the media arm (just picking the most liberal one here) 

additionally, the talent in the space that would be best at meeting them half way on the media are unwilling to work for contract terms generally. and the ppl willing do take the contract don’t yet have the required skill

funding them separately or together not really a problem from my op honestly 

case more that we lack the clarity on qualitative functions (narratives, design, marketing, social) categorically 

thus we can only really surmise products & services — & are in a loop of capital availability for ground already paved (infra, dex, yield app, etc) 

agree that ideally you have them in the same shop but an outdated example is Ogilvy & Mather as an ad shop that turned Dove, RR, and many others product shops into monoliths. 

times change ofc but we don’t have a fifth of that qualitative function in crypto yet

i don't think you can achieve anything by funding a media arm and a protocol separately 

need to fund product companies that can build+sell products and have narratives

coinbase is a good example in the space
red bull is an extreme example outside the space