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by ETH_start 1260 days ago
For context, here was Tan's bull case for Ethereum in 2021:

https://twitter.com/garrytan/status/1402648829732614146

While I can't comment on any blockchain token's merit as an investment, I think in terms of social impact, the potential of the blockchain is overwhelmingly positive, which makes me glad that Tan is now at the helm.

Fundamentally, cryptocurrency is just a mechanism for transferring value electronically without any centralized intermediary. You can even forego the speculative aspect of it entirely, and just hold USDC/DAI. Sending value is as simple as effecting a transaction from your browser-based MetaMask wallet. It removes all dependencies on third party custodians and payment networks like Venmo or PayPal.

People being empowered to control digital assets, like a unique name, or digital currency, with their own device, rather than depending on large intermediaries to control their assets on their behalf, is obviously a good thing.

The technology is still quite raw, with many important features lacking, but that is a solvable problem in that it only requires more engineering resources, while the fundamental properties of the blockchain open up new capabilities that the traditional server-client architecture lacks.