Looking back: I wrote out these thoughts over a year ago and still feel they hold weight today. As I look to post more about the implications of blockchains on real places in the future, these concerns are still present. Thankfully, non-financial applications on ethereum have become more common as NFTs burst onto the scene in 2021. Vitalik even spoke about ‘Things that Matter Outside of Defi’ at Eth CC in July 2021, and the conversation on cryptoeconomics overall is becoming more mature. TLDR...

Looking back: I wrote out these thoughts over a year ago and still feel they hold weight today. As I look to post more about the implications of blockchains on real places in the future, these concerns are still present. Thankfully, non-financial applications on ethereum have become more common as NFTs burst onto the scene in 2021. Vitalik even spoke about ‘Things that Matter Outside of Defi’ at Eth CC in July 2021, and the conversation on cryptoeconomics overall is becoming more mature. TLDR...