We’re at an inflection point. Smart contracts proliferated tokenization, NFTs, and DeFi. Before smart contracts, everyone forked Bitcoin to create altcoins. Only a few people had the technical knowledge to do meaningful customizations.
Whoever controls transaction sequencing, controls the market:
- Centralized: profitable but censorable - Shared: valuable but rigid, top-down - Based: secure but expensive - Onchain: programmable and sovereign for users
Sequencers should be accountable to token holders + users
The biggest problem with consumer crypto growth isn't lack of interest, it's lack of innovation. The 12th DEX doesn't onboard anyone that the 1st one didn't.