Kiwi let’s build

Actually, reading this article has me wondering if the recent backlash for the last six months against the Ethereum Foundation and the propping up of Solana as the new DeFi poster child is really just a downstream effect of Solana being structured as much more accountable to the economic incentives of making the SOL price go up than the Ethereum is.

Now, I do know next to nothing about the structure of Solana, but their vibe seems to me as if they are much more intentional about pumping their price and adding meaningful features that would pump their price compared to Ethereum.

Even with Joe Lubin provisioning that gaming company to become a Microstrategy copy.

Again, I really do not mean to say anything about the observable legal structure of the Ethereum Foundation and whatever is its Solana equivalent. I purely speak based on my own perception where I think the Solana ecosystem has been just much more happy to do what it takes to pump the coin.

Which is coincidentially a large part of the argument of this article?

Whatever is being pumped here it doesn’t get me hot. It’s not about let’s do something new and exciting and challenge existing ideas but more like now finally government and banks are in please consolidate and surrender so we can go back to business as usual. Maybe I’m just reading it wrong :)

I also suddenly have to think of Hiroo Onoda, the Japanese intelligence officer who refused to surrender and continued fighting in the Philippine jungle for 29 years after World War II ended - deluded, obsessive, and operating in his own reality. lol

Last summer read the great novel “The Twilight World" by Werner Herzog about this story.

But yes the tension here reflects a broader debate in crypto: pragmatism vs idealism.

The article's implicit message is that crypto needs to grow the fuck up and adopt more conventional business structures. Whether this represents progress or surrender depends on your perspective on what crypto should fundamentally be: a tool for disrupting existing systems or one that integrates with them for mainstream adoption.

I don’t know. I think mainstream adoption should not mean adopting crypto to mainstream - but actually creating a new paradigm to become mainstream.