@w
related https://warpcast.com/w/0x070f75b2
crypto is a coordination technology; it's inherently social
it's the internet-of-value; internet-native/digital property rights
credible commitments; unbreakable promises; unforgeable statements/authenticities
if the internet was the printing press turbo charged,
crypto is [the legal system] turbo charged
multisigs are turbo charged LLCs
DAOs [will eventually be] turbo charged public C-corps
every group will use public-private keys to make collective decisions, to manage collective finances, to communicate authentically in a sea of fakes and bots
fax : email :: wire : txn
phone # : email address :: bank account : smart account
when I hear people say crypto might never be more than a casino, what I really here is krugman saying in 1998 that the impact of the internet won't be any bigger than the impact of the fax machine. not if i can help it -- the potential in this space is VAST and the journey will be long, but we will get there one week of shipping at a time