Lots of smart people in this space disagree with "fat protocols." I'll immodestly list my own first: https://www.evanvanness.com/post/166666272011/theres-no-su

Lots of smart people in this space disagree with "fat protocols." I'll immodestly list my own first: https://www.evanvanness.com/post/166666272011/theres-no-such-thing-as-fat-protocols https://www.evanvanness.com/post/166666272011/theres-no-such... See also CoinFund's Jake Brukhman: https://blog.coinfund.io/fat-protocols-are-not-an-investment-thesis-17c8837c2734 https://blog.coinfund.io/fat-protocols-are-not-an-investment... And Zeppelin's Teemu Paivinen: https://blog.zeppelin.solutions/thin-protocols-cc872258379f https://blog.zeppelin.solutions/thin-protocols-cc872258379f I hear that even Joel doesn't agree with how his piece has been interpreted.