| I feel like crypto in general was designed by speculation, and not real use-case. If you read the original bitcoin whitepaper we have veered into a completely different direction. I was fortunate enough to build and operate a payment system, during covid 2019 - 2022. It was able to do everything required to process payment maintain an accurate ledger. Our little team of 6 built it in 9 months. It was centralized yes, and that made things a lot simpler than crypto so comparing it to crypto is a bit unfair admittedly. But you know the difference is it was designed based on real use-case. It could process billions of $ in transactions. Could scale up / down etc... More importantly we had real people using the thing. People who had no idea how payment systems worked. People were sending money to their mothers for her birthday. Sending money to pay for school fees, hospital bills, etc... What the crypto community including Vitalik Buterin has failed to realize is the nodes on the network (nodes accepting any given currency) is everything. The regulators have done a very good job of keeping crypto's contained within just 'speculation'. I feel the window of opportunity for it to spread has been shut (for now), mostly by the crypto community themselves with all the fraud and lack of any improvements in UX this long into the game. While the crypto developers will happily hack away and fabricate use cases based on speculation, and refuse to reduce friction / fees and improve UX. Crypto in it's current form is dead, something new will arise with all the learnings of the current-generation crypto. As much as I believe in the mission of crypto. I'm confident that this proposal like all the other proposals refuse to acknowledge the problem with ethereum and any other crypto, which is I still can't buy bread with it. This proposal is another evidence to show that they're simply focused on the wrong set of problems. Edit: Update team size mentioned above from 4 - 6 for accuracy. |