Pick 2 of 3: Decentralized governance, resistance to regulatory arbitrage, economies of scale
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First two. Scale is overrated, and we shouldn't continue to oversolve for it without demonstrating that we have the responsibility to not destroy the planet with the new tech that scale helps us unlock.
(We barely pulled back from "nuclear all the things" just in time.)
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Replying to
DRE theorem of cryptoeconomics, like the CAP theorem of distributed systems en.wikipedia.org/wiki/CAP_theor





