Reading all the hot takes on crypto/web3 going “but what use case does it solve?” and mostly thinking to myself that these folk have such confidence in their opinions.
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The nice thing about reading history is that it repeatedly (and I mean REPEATEDLY) disabuses you of the notion that tech needs a clear use case in its infancy.
I put myself in the shoes of mistaken commentators and mostly think “hmm, yeah, that take makes sense.”
It’s humbling.
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Now this point you've just made is REALLY interesting. I'm assuming you're familiar with Carlota Perez's argument that a technological paradigm shift *always* starts out with a bubble? I think you've touched on the fundamental reason for why.
As for the first point in your tweet, no it is totally possible to invest without articulation of a clear use case. Articulating a clear use case is actually dangerous, because it locks you into a narrow view of the future.
Better to place lots of properly sized bets.
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