Vernon

@verne.eth

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A must-read from @thatalexpalmer.eth on a key use-case for crypto: making the instrumentation of capital more frictionless

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Near-frictionless instrumentation of capital* is a vastly underrated use-case of crypto IMO .. but is also hard to package and sell to a broader audience. Not to mention it strikes at the heart of the middle-man economy. *Capital in the broader sense of the term (talent, ideas, physical assets, currency, debt, etc).

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The chatGPT user adoption metrics - as compared to crypto - are not cause for doomerism IMO. _ chatGPT and similar have no incumbents (for all intents and purpose) _ crypto by contrast is trying to 'unseat' sovereign money and legacy finance Obv not an excuse for issues facing crypto .. just perspective

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A Public Onchain Financial system more readily permits for 'corruption resistance' _ The transparency alone of Public Onchain Finance does a lot of the heavy lifting in this regard _ Add to that .. encoding via design decisions incentive structures that are resistant to corruption or that can mitigate its effects.

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One HUGE advantage of an onchain-based financial system is that it provides an 'Authoritative Source of Truth' (to borrow a term from the engineering field). Allows for state of the system's health to be constantly, transparently, accurately monitored by the community .. avoiding things like the precursors to 2008.

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