A friend just sent me this—it argues investing in applications could be more lucrative than investing in protocols. https://medium.com/newtown-partners/application-protocols-are-the-better-investment-heres-why-7a2efdde594e … Maybe so, but the degree of difficulty is magnitudes higher too.
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Only a monetary protocol will become “fat.” The application layer will be “thin”"—i.e., fragmented and hyper-specialized.
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Suffice it to say my conviction has grown a bit stronger since I tweeted this.pic.twitter.com/lINd3ZSHep
End of conversation
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