As somebody who has studied crypto full-time for years, here's an opinionated list of things that I wish was more widely understood about crypto
- BTC is a trash-grade asset because it's practically useless and proof of work is extremely expensive for BTC holders (and environmentally damaging)
- programmatic public chains, especially Ethereum, are cost-efficient and extremely useful. They will become one of the foundations of the global economy
- proof of stake is more egalitarian than proof of work because while the rich get richer in both, only in PoS do the rich get richer at the same rate as everybody else, whereas in PoW there are significant mining economies of scale
- ETH and other programmatic public chain tokens are more like Amazon or Apple stock than like Bitcoin because programmatic public chains have significant fee revenues that accumulate to token holders, and these fees are defended by public chain network effects from accumulated apps, tokens, and protocols
- BTC is a trash-grade asset because it's practically useless and proof of work is extremely expensive for BTC holders (and environmentally damaging)
- programmatic public chains, especially Ethereum, are cost-efficient and extremely useful. They will become one of the foundations of the global economy
- proof of stake is more egalitarian than proof of work because while the rich get richer in both, only in PoS do the rich get richer at the same rate as everybody else, whereas in PoW there are significant mining economies of scale
- ETH and other programmatic public chain tokens are more like Amazon or Apple stock than like Bitcoin because programmatic public chains have significant fee revenues that accumulate to token holders, and these fees are defended by public chain network effects from accumulated apps, tokens, and protocols