that the majority of people may have already had Covid-19 and a major fund out there is building a long position based on serological testing results which could demonstrate this. I am not a doctor, and nor am I saying the virus isn\u2019t a big deal, but we are seeing reports of people getting over minor cases and existing drugs (HCQ) working.<\/span><\/p>\nWhen everyone thinks the world is going to end, that’s a great time to go long. Either you get a good entry (we recover) or the world ends (we all die) so you might as well get busy building and taking advantage of some deals.<\/p>\n
<\/p>\n
3 \u2014 Will Ethereum 2.0 change the game? How?<\/strong><\/p>\nIf successful, Ethereum 2.0 is a game changer. You\u2019re taking the smart contracting platform with the most developers and real use cases built on top of it, and giving it new features and capabilities that will allow devs to create even more immersive, imaginative and next-gen uses cases we\u2019ve never seen before. <\/span><\/p>\nIf developers are able to create automated liquidity pools, decentralized exchanges and synthetic asset platforms on ETH 1.0, then ETH 2.0 opens the door to another world of opportunities.\u00a0<\/span><\/p>\nNow, ETH 2.0 is also an opportunity for any new layer-1 (holding a gun now) to attract Ethereum\u2019s developers to its own chain, as the shift to ETH 2.0 is a multi-year journey that is fraught with delays (everything in crypto is delayed though).<\/span><\/p>\nIt all comes down to trust and expectations: if the goal line for ETH 2.0 continues to move, developers will switch to a different field (chain) and if enough move, users will funnel in to play with the novel creations made by these developers.<\/p>\n
Let me qualify the above though. Better tech doesn’t drive a community, but a community can drive better tech. ETH 1.0 does not have the best tech for a smart contracting blockchain, but it does have the best community who will likely figure out the tech. <\/span><\/p>\nPeople are caring less and less about layer 1 competition and more and more on vertical competition. <\/span>Vertical competition is where the magic happens, you get novel creations like Uniswap and Synthetix, applications people can be wowed by and that they will share with their friends.<\/p>\nLayer 1 is just becoming an exhausted argument – people don’t want to compare consensus mechanisms across different chains, they want to use killer applications like Synthetix and others.<\/p>\n
I\u2019m not saying a new viral layer-1 can\u2019t emerge, but what I can say is that every day a new one doesn’t, is another solidification day for the incumbents.<\/span> If we reach a day where two layer 1\u2019s are on par with each other with respect to devs, then it comes down to crypto economics, or which layer 1 accrues the most value.<\/p>\nThere are a plethora of experiments here – for example Blockstack (STX) holders will earn Bitcoin for basically staking and Nervos\u2019 native token CKB represents ownership of scarce layer 1 state space.<\/p>\n
Not that this is financial advice, but wise investors are being picky. If the layer 1 they like is successful but the token doesn\u2019t accrue as much value, they look instead to the tokens or equities built on top that may accrue more value on an adjusted basis.<\/p>\n
<\/p>\n
4 \u2014 Who makes sense to you, and who makes no sense whatsoever…?<\/strong><\/p>\nThe idea that we are inside a simulation takes me for a wild ride. On one hand, its a non-zero chance. On the other hand, how big would the computer have to be to simulate \u201ceverything\u201d, all the time. I probably spend way too much time watching Sci-Fi but if you liked Black Mirror, check out Love Death & Robots on Netflix and Tales From The Loop on Amazon Prime.<\/p>\n
Two other things that make no sense to me are XRP and EOS. Relics of a past time, that somehow squirmed through the crazy whirlwind growth phase a few years ago. Price is what you pay, no value is what you get for them. Buffett, please don’t get mad I remixed that one.<\/span><\/p>\n <\/p>\n
5 \u2014 What are the best and worst aspects of the shelter-in-place orders for you personally?<\/strong><\/p>\nThe worst is how work and personal time become melded and days just blur together. The other day I was up until 4-5am working on something and slept until 2pm the next day.\u00a0<\/span><\/p>\nThe best part is that we will see a decrease of other diseases and we may emerge from this actually healthier than ever. Everyone is home, not catching and spreading other illnesses.\u00a0<\/span><\/p>\nPost coronavirus parties keep me up at night though. People are going to do so much damage once they\u2019re able to meet, that the potential for reinfection (not sure if this is real) and the amount of partying people will do will certainly cause some damage. At this point, I\u2019m kind of looking forward to a few parties! <\/span><\/p>\n <\/p>\n
6 \u2014 What will happen to Bitcoin over the next ten years?<\/b><\/p>\n
We all talk about scarcity and block space in the crypto world. Bitcoin will continue to take up the mind space of more and more people.<\/p>\n
Bitcoin will grow in the minds of macro strategists looking for yield, in the minds of people in people who live in countries with unfair monetary policies or regimes who are looking to safeguard their wealth, inside the minds of tech visionaries who use it to create new applications and use cases, and within the people who are tired of the inefficiencies of the legacy banking system.<\/p>\n
More broadly, Bitcoin will grow inside the minds of every regulator and world leader. Bitcoin is the invisible, immovable devil or angel on every shoulder whispering that if you eff up your country\u2019s economy or devalue your currency, Bitcoin is always there as an alternative for everyone.<\/p>\n
<\/p>\n
\n <\/p>\n
Tom substituted questions 3 and 4 with two new ones for our next buidler…<\/p>\n
Star Trek or Star Wars – and why?<\/span><\/em><\/p>\nWhich media personality or influencer do you enjoy most in this space? (E<\/span><\/em>njoy, not necessarily agree with!)<\/span><\/em><\/p>\n <\/p>\n","protected":false},"excerpt":{"rendered":"
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