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

Founder Mode is the worst PG essay hands down