Jeff
@jeff-xyz
403 Following
1607 Followers
Reflecting tonight as I take some fake internet money profits and convert it to “real” (inevitably doomed) fiat USD, and it has me thinking…
It’s impressive how seamless it’s become to move money around via DeFi protocols → wallets → CEXs → bank accounts (and back), for 2 reasons:
1. It’s way more affordable now thanks to lower gas fees (s/o to mf @base.) Not that long ago, sending or swapping ETH could cost 10%, 15%, even 20% in fees, depending on network congestion. That’s wild. If you’ve experienced even more than that I feel for you.
2. The devs have had time to lay the foundation of what they envisioned. Now it’s like an 800 lb gorilla hopped off their backs, and they can now focus more on simplifying and cleaning up the UX to make things more intuitive and accessible for the next wave of users.
That may have always been the goal for DeFi, but now, the tooling is there to support them.
It’s awesome to see new ATHs, but it’s also exciting to see that the groundwork is starting to cement.
If this were baseball, I’d bet we’re probably 2/3rds into the 2nd inning. There’s still a whole lotta ball left to play.
Very excited to be in this space with you all and can’t wait to see what’s next, especially with @farcaster.
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