or Why Crypto-for-Crypto is OK.
We often discuss how crypto and defi can be used to impact the “real” world. My view is that crypto-for-crypto is a normal part of a paradigm-changing shift, it’s to be expected, and follows a natural path – a similar path that the internet took. Crypto-for-crypto capital and tools create a flywheel effect that drives the ecosystem to get it to a stage ready to integrate with the “outside” world. Effort and time is needed to build an infrastructure that is useable by all, it doesn’t happen by magic.
Let’s use an analogy, which by definition is imperfect, but is helpful for building a mental model. The analogy is a physical one, but we’re using it to try to understand a new digital crypto-native economy.Continue reading “The Island of Crypto”