2/ As public perception of tokenized projects, ICOs, and Dapps languishes, so too does the base protocol underlying them struggle. Ethereum skepticism has been a narrative on the rise -really all year but especially this summer. https://t.co/zoVuWgk5uS
— Nathaniel Whittemore (@nlw) September 4, 2018
4/ The crypto conversation is today dominated by debates about what @kylesamani called “The Path To Tens Of Trillions.” In other words – what path will a cryptocurrency take to become the digital reserve currency of the world – and will there be just one? https://t.co/OowSQqeqyZ
— Nathaniel Whittemore (@nlw) September 4, 2018
6/ On the one hand, part of the “Open Finance” narrative is a re-imagining of a “utility hypothesis” – arguing that holding digital gold is insufficient, and that people need a slate of different services to believe in a new decentralized financial system https://t.co/KDXLWk0dsO
— Nathaniel Whittemore (@nlw) September 4, 2018
8/ There is no doubt that, across the crypto sphere, there is broad-based excitement for a new era of cross-cutting decentralized finance. Felix from @TuringCapital visualizes the ecosystem here. https://t.co/6Oe04ka7Xk
— Nathaniel Whittemore (@nlw) September 4, 2018
10/ Just this past week @DharmaProtocol @0xProject @WalletConnect and others announced https://t.co/7B5KmsDo9G – an alliance of decentralized financial platforms – re-affirming that there is energy and passion around a decentralized, open financial system. https://t.co/c1Te599Xvh
— Nathaniel Whittemore (@nlw) September 4, 2018
12/ All of this conversation has been heightened by a couple factors.
— Nathaniel Whittemore (@nlw) September 4, 2018
14/ The second was a piece in TechCrunch by @JeremyRubin “The collapse of ETH is inevitable” that was articulate enough to get a direct response from Vitalik. https://t.co/ZIl4P4jrHz
— Nathaniel Whittemore (@nlw) September 4, 2018
16/ First, holding aside any questions of narrative, I am a pretty big proponent of pushing ourselves on our assumptions about what makes for a store of value in this new tokenized world. @QWQiao and @robustus have written thoughtfully about this. https://t.co/UQQwzJ3mob
— Nathaniel Whittemore (@nlw) September 4, 2018
18/ Third, navigating technical challenges = more important than narrative, with the exception that it *is* essential that the ETH community have confidence in their ability to shape the direction. I.e. internal community/political process matters more than external marketing.
— Nathaniel Whittemore (@nlw) September 4, 2018
19/ Fifth, if we *are* grading narratives, while “Open Finance” doesn’t quite capture some possibilities around network organization, it’s a hell of a lot better than “World Computer” – which doesn’t tell people anything about why they’re supposed to care. So, there’s that.
— Nathaniel Whittemore (@nlw) September 4, 2018
20/ One thing is for sure: @ETHBerlin is going to see some *very* interesting and intense conversations. Looking forward to all the reports! pic.twitter.com/nNmNKhwP73
— Nathaniel Whittemore (@nlw) September 4, 2018
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