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“Where is the use case, it’s been 10 years or more! It didn’t take Uber that long” is the silliest argument and shaped by missing that the tech is building out
by dogman144 4y ago
“Where is the use case, it’s been 10 years or more! It didn’t take Uber that long” is the silliest argument and shaped by missing that the tech is building out infra, and meaningful apps are still to come.
Ethernet was invented in 1973. Wifi didn’t come along until 1997. Crypto is wonky bc it’s a virtual infra layer that’s nonetheless a p2p application at the end of the day. However, the tech is clearly focused on building infra out. This view comes direct from core dev teams and general depth of knowledge about the space. Bridges, new chains, new wallets, new crypto approaches like MPC, scaling L1/L2 - this is all infra. There are niche early use cases like DeFi and NFTs, but that’s not the end state.
A common rebuttal from early internet people is “early internet was cool and useful from the beginning!” This is true, but it’s also true Gen pop had no idea what the hell computer people at MIT were doing with mainframes and why it mattered until wifi, dot com, all this showed up. Early adopters were keyed in more and more such as the govt, DoD, infra companies like Cisco. Scientists got involved early.
This mirrors what crypto is going through right now. Infra is getting built out. The tech and apps are cool and useful to a relatively small crowd of computer nerds. Scientists from MIT, UC berk do research for it. Govt and high net worth people are getting interested. Some early apps that get niche users interested are working. The sense of impatience is silly.