The long game for crypto
It’s fashionable right now to declare that “non-financial use cases of crypto are dead.” Some people also claim that read write own has failed. These conclusions misunderstand both the thesis and the stage we’re in.
We are clearly in the financial era of blockchains. But the core idea was never that every crypto application would emerge all at once, or that finance wouldn’t come first. The core idea was — and remains — that blockchains introduce a new primitive: the ability to coordinate people and capital at internet scale, with ownership embedded directly into the system. (And increasingly, to coordinate AI agents too.)
Finance is the most natural…
