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jchervinsky
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Being pro-crypto and anti-stablecoin is the midcurve take of the decade.
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jchervinsky
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1/ For years, a hostile SEC forced crypto founders into a broken model: drive all value into equity, not tokens. The result? Incentive misalignment, ineffective governance, and more legal risk. In this post, @jessewldn and I explain why that model failed and how to fix it.
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"Gradually, then suddenly" is one of those laws of the universe that repeats over and over, but people struggle to keep in mind. It's very common with policy-driven business shifts. We're seeing this in the IPO market right now, which is about to explode. Crypto next up....
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The Congressional hearing on the CLARITY Act is reminding me of @pmarca on the three-stage response to new tech: denial, rational counterargument, and then name-calling. The anti-crypto faction is calling it "the complexity act" as if this is middle school, but no real critique.
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People went nuts on here two months ago when the White House had a crypto roundtable and didn't invite anyone from the Ethereum ecosystem. Today @VivekVentures is testifying in Congress for @Etherealize_io on the market structure bill. Ethereum went to Washington after all 👏
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I have never been more confident that, in the next few years, we'll finally see what crypto can really do. Everything is coming together at once — the tech, the talent, the investment, the law — for this whole thing to seriously rip. If you believe in this space, strap in.
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