nickysap on Farcaster

nick pfp

On balance, I often question my participation in this space. When I got involved, I genuinely felt like I was contributing to something larger than myself. A revolution. A chance to rectify the sins of our fathers, dismantle the status quo, and forge a system that leveled the playing field. Even if I was to be a tiny component in a much larger machine, it felt like something worth being a part of. Frankly, hyper-tokenization was never something I considered to be aligned with this thinking. Still isn't. I came up with Andreas Antonopolous giving speeches about not needing a blockchain for most things. Nick Szabo speaking on how smart contracts can solve real problems. I remember seeing Steve Wozniak speak in LA about how Ethereum represented the next logical iteration in global computing, its parallels to how they thought about the Apple developer ecosystem initially, and his optimism about its future. Perhaps I'm an old ideologue whose time has long since passed or perhaps my time never came and it was all just a fantasy, or worse, a grift to which I fell victim. But as passionate as I am about this industry, "tokenizing everything" is hardly my concept of a progressive future driven by blockchain. I want to dedicate my brain cycles to solving real problems that affect actual people.

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Floof pfp

Agree 100%, I remember when cryptography was the focal point, where its safe, it's always on chain and no one can change it (for the most part). Safe from government overreach, we'd be able to start grassroot ideals, create a new world funded by the people. I still hold out hope, but we went to bed with politicians, we gave over some control to large businesses. I wonder what the point of tokenizing everything is, is it supposed to be "oh you posted this in 2025, we got you" or is it all about draining liquidity. This isn't a crypto fud post, I'll rep it until I die, but I personally think what's popular or what's in front of us is the wrong path.

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nick pfp

Right now many of the verticals feel like problems in search of solutions. However, there are promising technologies on the horizon. Even though they're not in vogue, RWAs present a reasonable pathway toward purposeful tokenization. DeFi continues to withstand immense black swan events that have decimated their centralized counterparts. That said, giving an enormous supply of decentralized currency to the very entities we sought to dismantle has been massively discouraging. Although, admittedly, it has resulted in a lot more sustainable growth. Overall, I think the things that get attention (hyper-speculative liquidity drains) are the wrong things to focus on and hurt public perception more than anything. Industry leaders would be wise to lean into real solutions. But alas, the shareholders demand immediate outcomes.

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Floof pfp

RWA scare me only because it does require a lot of trust, but I do believe they would be beneficial. As I'm thinking what in this space doesn't require a certain amount of trust. haha That's a good point to make about sustainable growth too. It's like when you had a toy as a kid and you let your friend hold, the whole time you're thinking don't break it don't break it please don't break it haha

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