Thoughts on EOS and the next phase of Crypto
The crypto markets are down. As Brad Mills points out in his recent tweet storm, nothing is working. ETH is down 75% from peak, EOS also down 75%, BTC is down 66%.
In a situation like this it's tempting to dismiss crypto as one bad idea.
But let's take a look objectively at what has changed in the last 3 months.
1. EOS has launched and is hitting 8 million transactions per day. This is absolutely enormous. For the first time EVER, we have a scalable production blockchain that consumers can use.
2. Our own app EOS LYNX has proven that you can build something on top of EOS that has Venmo like consumer performance. This was ABSOLUTELY UNHEARD of 3 months ago. WorkCoin will have the same level of ease of use when it goes live in a few months.
3. DEX's are becoming a thing. Binance is developing one. Bitfinex is launching EOSfinex. We are working on an in-app DEX for LYNX. Forget the tyrany of centralized exchanges. This is a thing of the past.
4. Stable Coins are happening. IBM, TrueUSD, Circle, Stably, Carbon are just a few that I am following. You will be able to buy crypto at some Banks. Prime Trust may be the first.
5. Facebook and Telegram are both going to deploy crypto solutions at some point (next 12 months). These will be mass market drivers.
As Alex Mashinsky says "plenty of tourists who came to find riches in #cryptoland are now flying home to #fiatland empty handed but at the same time a rising tide will lift all boats as #Coinbase now has more accounts than #Fidelity and #Robinhood has more accounts than #ETrade"
Our strategy is simple: build on EOS. Make the consumer proposition viable. Leverage Lynx to jump start WorkCoin -- LEAD the consumer front end for EOS
Private Credit, Securitization, Structured Finance, Lender Finance, Litigation Finance, Fintech Consulting and Advisory
6 年Good perspective in the article.? It's easy for people to get caught up in the day-to-day weeds and not see the bigger picture.
Sound observations, thanks for sharing. I agree. It’s still early and the adoption is like nothing we’ve seen from any other equivalent technical endeavor. The real work and opportunity is now- in the interface moment. Developing the frameworks that layer across the blockchains. So that the core tenants of the blockchain can be productized, adopted and innovated upon by the broader web population. It feels like 1997...Java and Netscape were released 2 years prior and the Web was being born from the Internet. Now we have the blockchain and it’s giving birth to Web3.0 and the entire community and economy that will come with it. I am super excited about the opportunity! And will be announcing a new blockchain venture myself - in hopes that we can help drive this movement of adoption even further/faster.