One major challenge is that the blockchain has, at present, approximately zero uses for the typical consumer. Theoretical uses abound, but no ordinary person is choosing a blockchain-based technology over its traditional counterpart. More than a decade after blockchains first caught tech geeks’ eye, not a single smartphone app that you use with fri... See more

The bull case for Solana, Monad, BSC, Tron, etc., is that a much lesser degree of decentralization provides sufficiently strong property rights for most users and applications. I tend to believe that in the medium-term, censorship, asset seizure, KYC/AML regulations, and validator coercion will call into question the robustness of centralized syste... See more

Crypto will be a total clusterfuck for privacy, as the foundational tenets of the blockchain—distributed data across many machines with no central control, inalterable data, public data around pseudonymous (or anonymous) identity, permissionless reading and writing—are utterly antithetical to all contemporary privacy thinking. It’s hard to think of... See more