Balaji Srinivasan - Crypto Applications
- Blockchain is a database for things of value
- Bitcoin is a protocol and payments are now packets.
- What this means is that machines can now hold and send money.
Blockchains
- 10x better than gold, faster to transport, lighter
- 10x faster than SWIFT
- 10x larger than kickstarter, ICOs
- 10x faster than Delaware, Solidity means fractions of seconds to "incorporate"
Blockchains have already created a lot of wealth
- Coin founders
- Miners
- Exchanges
- Crypto startups
Blockchains means you have a choice of who to trust.
- Can trust either a bank, the chain or your computer
Blockchains break network effects
- You can give tokens to your users which have an upside (equity-like) hence the incentive for a user increases even if the network is smaller.
Stuff that could be big in 2025
- Privacy coins and privacy features -- add a layer of privacy over bitcoin, private transactions on a public blockchain
- lending and interest -- compound and maker
- scaling -- trying to scale blockchains
- Decentralized cold storage -- Casa
- SaaS-for-gas Starkware
- Insurance -- Opyn, nexus mutual
- Multiwallets - MyCrypto
- Security - ZenGo
- New financial instruments - Fomo3D, PoolTogether
- Blockchain games
- Crypto social networks -- Voice, Twetch
- Decentralized DNS
- Automated market making -- Uniswap, Kyber Bonding Curves
- Decentralized identity - 3box
- Personal Tokenization
- Mutuals and Guilds -- Moloch, Gitcoin
- Founder's rewards -- Zcash, BCH
- On chain dev bounties -- Tezos
- Clients for dApps -
- Dev tools
- DAOs - Decentralized Autonomous Organizations
- Community owned organizations
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