Stripe’s announcement of their own Layer 1 blockchain reflects a trend of traditional finance creating private infrastructures while misunderstanding the true value of public blockchains. This strategy raises questions about who their actual customers will be, as it primarily caters to a narrow demographic that could benefit from existing payment solutions. Unlike Ethereum, Stripe’s model stifies composability and suffocates the potential network effects that emerge from open ecosystems. Read more from @dfern.eth to understand why this meandering path may end in inefficiency rather than innovation.

Software Engineer @ Cadence Design Systems. B4: Stanford EE / Illinois ECE