If blockchains don’t enable money, they enable disintermediation. Thus, in a p2p framework, the value flows directly to consumers, closing the previous “rent” arbitrage. Seems like only governance protocols can capture that value migration due to their superadditive nature.
PoS SC Platforms needs to be valuable (i.e. SoVs) to be secure. How do you think large SC platforms will be secured in the presence of better SoVs? Or will this force them to compete for SoV status?
-
-
They'll have to target becoming a SoV with semi-centralized dapps/interfaces providing scalability (they'll be marginally rent-seeking disintermediaries). Otherwise there's always a competitor with linear improvements in scale (eg EOS) that will outcompete on a single metric.
-
Btw imo the logic is other way round: if it's secure, then it's valuable. Not vice-versa.
End of conversation
New conversation -
Loading seems to be taking a while.
Twitter may be over capacity or experiencing a momentary hiccup. Try again or visit Twitter Status for more information.