SHILL Issue 25

NOT
investment
ADVICE
SBF @SBF_FTX
I’ve written a bunch about FTX’s roadmap. But I haven’t written
much about crypto’s. So, here goes.
So: what do I think crypto _should_ do, as an industry? Well,
let’s look at where we are, and at where we want to be.
What crypto already has:
a) A solid userbase. There are probably ~200m crypto users
worldwide.
b) Smart contracts. I think it’s hard to overstate how important
this was for the space: it’s what brought crypto from digital
gold, to web3/metaverse/defi/etc.
c) potential use cases: remittances, payments, store of value,
NFTs in the metaverse, information transfer, social media,
tokenized assets, disintermediated finance, etc. d) the start to
scaling solutions: new L1s, L2s, lightning, rollups, etc.; tx/sec
is now ~50k
e) An enormous amount of attention. Seriously, crypto
punches _way_ above its weight on this one. Crypto market
cap is ~2.5T, less than Apple or Microsoft. Which gets more
attention, though?
So, overall things have been going well the last few years.
What’s still missing?
Well, let’s start with the obvious: regulation. There has been a
lot of tension between industry and regulators, and both sides
have, in many cases, left feeling frustrated.
On the one hand, it’s not clear what the process is for
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SHILL Issue #25