SuKCkl
@zibevw
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Another way to think about this is that crypto makes intangible value tangible. This is kind of crazy if you think about it. It’s categorically different from other technologies likes AI or nuclear which are clearly value creating but not doing anything different on the value capture side of the equation.nnThe closest comparable to crypto would probably be, unsurprisingly, the internet. But the value captured went to big tech. With crypto, the value capture should be shared more broadly among market participants, though it can still be expected that there will be power law winners in terms of people, protocols, and companies.nnI’m not sure how this impacts things like GDP, inflation, money itself, but it seems significant. It feels hard to foresee the future as impacted by it because it feels so fundamental, just as it was hard to foresee many outcomes that resulted from the internet.nnThere is enormous value in the world that remains intangible and unpriced. What happens when it’s priced and tradable 0 reply
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