Ryan Wyatt’s Post

Technology has not failed. Humans did. FTX was a regulated exchange in the US, Australia, the EU and some Asian markets. And still collapsed. The close and allegedly problematic relationship between SEC Chairman Gary Gentler and FTX is just one example of how political regulation is not enough.  FTX has taught us that a decentralized future must be the vision for generations to come. I believe that we can't just rely on more political regulation to get there, but that we need better tools for more transparency, such as Merkle proofs for an uncorruptible proof of funds, for example. In the decentralized future we are working toward, transparency is better than regulation. 

Crypto is technology and also money, in order to access or support any project you need to pay.  The problem is TRUST, and by using centralized companies we are exposed to closures and bankruptcies.  But why is there no DEX proposal, which allows us to break the initial access barrier? That's where projects like polygon are partly to blame.  Having all the resources at their disposal, knowledge and experience in decentralization.  So why don't they propose a real and valid solution? A FUNCTIONAL DEX - A DEX supported by Polygon, ( with the amount of open source solutions in less than two quarters could have it active )  - Bridge functions to give cavity to the main networks. - Atomicswaps to be able to exchange multiple currencies in a single transaction.  A REAL STABLE COIN - Within the dex itself, a direct stable coin redeem section.  - You pay 1 you get 1, easy ( NFT redeem concept, Burn Concept) - Single account instantly audited by the blockchain and anyone can see amount available, and amount in the market, infinite supply. ( if you want extra audit, pay an certik audit monthly) - That fees go up, transaction times per use go up, use zkrollups and ligtingn network. 

"We're All Gonna Make It"... it's an amazing promise but yet, throughout the whole crypto spectrum, it is used as a tool to fool people. Web3 has an amazing opportunity to not only provide people with next gen tech but to give them tools to build their financial independence, allow them to participate economically in the successes of the next Google or Apple. I fully agree -- no place for frauds, no place for opaqueness, regulation to protect people. Pirates go to international waters, enjoy each other's company of never-ending speculation, spectacular busts and everyday drama. To the rest of us -- let's build, build for the long-term, build to last 🏛 🏋♂️ 🚀

Thanks for sharing this opinion. I am also in this camp. I am not a "trader" I don't care much for the money crypto as you put it. I think of it more as a tool that I hope to see more useful in the future. I believe something like a google wallet integration or another mainstream service where crypto can be used for actual transactions in a easy to use manner. I am also interested in the tech behind it, as well as like the ideas behind NFT's though again not so much for the trading aspect. I believe there are more important uses that can be made from the idea.

100% tech crypto here (check my receipts). Every time "winter" comes, I have to carefully think about what terminology I use. This article implies that the data/money distinction can resurrect the word "crypto". I am not sure. But what is clear is that Hyperledger Fabric and R3 Corda are not winning in the private blockchain data space. The crypto networks (primarily EVM Ethereum-compatible) are taking over. This can be in the form of #polygon or #avalance private network, or entire self-hosted business ledgers devoted to individual sectors. Message me for details.

BTC is robust tech, it applies physical cybersecurity constrains for web 3 as a foundation. People who have background in tech, energy, security are much better ones to listen about BTC rather those who have economy background. It is multidisciplinary thing and I’m glad article mentioned first principles, because it does require immense persistence to look through that glass to all disciplines and zoom out again to see how disciplines interconnect. You can build dapps on top of BTC. It doesn’t have sociopath CEO titled person. It just happens to be great for money too. Drop an eye from tech, energy, security perspective on Jason Lowery posts.

great ideas! thanks for sharing.

“common enemies: central banks, corrupt governments, tech monopolies, etc.” That’s silly, banks and governments have nothing to do with my business. We don’t need money crypto at all for tech crypto. We provide products and people buy them. With real money or tokens, either, who cares. End of story.

Nicely put, Sir. LF build!