jer979Purpose Struggle
Yesterday, I decided that my blogging career should come to an end. I was doing myself a disservice. I told myself that the goal of the posts was to dig deeper, peel back the layers, get down to the core. But by publishing online (or on-chain as the case may be), I was subconsciously writing for others, even if I told myself that I didn't care if others read. So, in an effort to be more authentic, I figured I'd stop publishing and start doing a private journal. Within 2 hours of that decision...
jer979Value. Happiness.
I feel happy. It's fun, it's light, like a feather floating at the beginning of Forrest Gump. But, like the feather, it's not grounded. It can flitter and float away. Value is also ephemeral. We know it when we see it. We feel it, somewhere deep inside. Something connects to us, saying "yes, this is worth it." The "it" that it's worth is energy. Energy in the form of time, attention, money. The things of which our possession is limited. There's a reason why all the great traditions point to "...
jer979Coffee with AI
Every day for the past month, I’ve had a coffee date with AI. I literally sit down, with a cup of coffee, with an appointment on my calendar that says “coffee with AI”. During that time, AI (I’ve used ChatGPT, Gemini, Perplexity, Claude, and Venice) and I literally have a chat, the way I would with a friend. It’s not “write this letter for me” or “do this or that.” No, it’s a chance for us to have a conversation about whatever topic I want. Many days, recently, at least, it’s been about quant...
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www.twitter.com/jer979
jer979Purpose Struggle
Yesterday, I decided that my blogging career should come to an end. I was doing myself a disservice. I told myself that the goal of the posts was to dig deeper, peel back the layers, get down to the core. But by publishing online (or on-chain as the case may be), I was subconsciously writing for others, even if I told myself that I didn't care if others read. So, in an effort to be more authentic, I figured I'd stop publishing and start doing a private journal. Within 2 hours of that decision...
jer979Value. Happiness.
I feel happy. It's fun, it's light, like a feather floating at the beginning of Forrest Gump. But, like the feather, it's not grounded. It can flitter and float away. Value is also ephemeral. We know it when we see it. We feel it, somewhere deep inside. Something connects to us, saying "yes, this is worth it." The "it" that it's worth is energy. Energy in the form of time, attention, money. The things of which our possession is limited. There's a reason why all the great traditions point to "...
jer979Coffee with AI
Every day for the past month, I’ve had a coffee date with AI. I literally sit down, with a cup of coffee, with an appointment on my calendar that says “coffee with AI”. During that time, AI (I’ve used ChatGPT, Gemini, Perplexity, Claude, and Venice) and I literally have a chat, the way I would with a friend. It’s not “write this letter for me” or “do this or that.” No, it’s a chance for us to have a conversation about whatever topic I want. Many days, recently, at least, it’s been about quant...
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jer979The Barrier to Web3 Growth
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jer979The Barrier to Web3 Growth
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As of today, the market cap of all of crypto is $1 trillion and DeFi is under $40 billion.
That’s nowhere near the potential for what the industry can, should, and will be.
The question then, is what is holding it back?
At Radix, we’ve been thinking about this a lot and I think we’ve been circling around the answer.
What I think we do have right is that it’s not a piecemeal approach to fixing different parts of the stack, e.g. slightly more Transactions per Second, a slightly faster execution engine, or a slightly easier development environment, or even a slightly better wallet/user experience.
These are all nice, but it’s like improving the fuel injectors without upgrading the engine or doing those, but not addressing the need to upgrade the brake response team to accommodate the faster accelerations.
Our answer has been “it’s the developer experience” and, in many respects, we’re right about that, but I am starting to think that’s just a part of the whole, namely the biggest barrier is the speed of safe DeFi innovation (or DeFinnovation if I’m trying to be cute about it).
The number of inputs to rapid safe DeFi innovation is large. It involves a platform that can scale without limits, an execution engine which protects developers and users from unnecessary or illogical outcomes, a programming language that removes burden from coders to pre-determine all of the logic for an application, and a wallet that makes it intuitive for users to accomplish their desired task, the so-called “Job to be done.”
Only with a holistic, comprehensive approach to the problem of how to rapidly develop secure DeFi can we have the hundreds of thousands of dApp experiments that will, eventually, help DeFi bust through the wall that currently constrains it.
As of today, the market cap of all of crypto is $1 trillion and DeFi is under $40 billion.
That’s nowhere near the potential for what the industry can, should, and will be.
The question then, is what is holding it back?
At Radix, we’ve been thinking about this a lot and I think we’ve been circling around the answer.
What I think we do have right is that it’s not a piecemeal approach to fixing different parts of the stack, e.g. slightly more Transactions per Second, a slightly faster execution engine, or a slightly easier development environment, or even a slightly better wallet/user experience.
These are all nice, but it’s like improving the fuel injectors without upgrading the engine or doing those, but not addressing the need to upgrade the brake response team to accommodate the faster accelerations.
Our answer has been “it’s the developer experience” and, in many respects, we’re right about that, but I am starting to think that’s just a part of the whole, namely the biggest barrier is the speed of safe DeFi innovation (or DeFinnovation if I’m trying to be cute about it).
The number of inputs to rapid safe DeFi innovation is large. It involves a platform that can scale without limits, an execution engine which protects developers and users from unnecessary or illogical outcomes, a programming language that removes burden from coders to pre-determine all of the logic for an application, and a wallet that makes it intuitive for users to accomplish their desired task, the so-called “Job to be done.”
Only with a holistic, comprehensive approach to the problem of how to rapidly develop secure DeFi can we have the hundreds of thousands of dApp experiments that will, eventually, help DeFi bust through the wall that currently constrains it.
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