5) It was dismissed, and derided.
And then released one of crypto's largest userbases on it, 100 times as large as all of DeFi put together.
And showed what always true, but not made explicit:
that for most users, chains were no more sacred than products.
Conversation
6) There have been wars over BSC, and whether it's good or bad.
I think that misses the point.
I'm not and I don't build on BSC. So I can't be sure what they were trying to do.
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10) And then there are yield farms.
No matter what we say about them, they never really needed to be decentralized, at least if the whole point is the yield.
You can drop yield anywhere. And no one who's using is there for the governance.
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14) BSC has been hugely successful for . And BSC proved a point.
It's a point the ecosystem needed to learn.
adapted. He does that quite well.
DeFi needs to adapt, too, to grow.
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15) Because for DeFi to win, it can't be decentralized OR fast OR cheap OR sophisticated OR innovative OR well built OR have a large userbase.
It needs to be all of those.
That's exactly what it needs to be. The entire market of all coins/tokens etc from defi, logistics, commerce, distributed computing, storage, derivatives amm, DEXes, etc all have a place within the infrastructure and there are so many more.
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This line hit hard, i could almost see the financial sector get disrupted over the decade.
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Namaste, here is your unroll: 1) A while ago I wrote a post on Sushiswap: 2) In the end, it wasn't… threadreaderapp.com/thread/1368765 See you soon. 🤖
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I love this take on BSC, you hit the nail on the head here I think.
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