Way back when I was an intern for @profgalloway, I gave this presentation on crypto/DeFi. I was a big believer.
It was compelling at the time. But today I looked at it again. And WOW is it flawed + misleading.
Everything I got wrong about crypto, a thread🧵
Dear AI threadbois,
Excel, a product with 345M paid users that generates $44B / year
Is not “dead” because Jake from Twitter has built the 397th clone of a UI wrapper on top of ChatGPT.
I'm just extremely confused. Like the INTERNET COMPANY Google. The CLOUD SERVICES PROVIDER Google. The company who's success partially rests on us trusting them to DO THE WORLD WIDE WEB GOOD. Is like... domain names? Not for us. We're gonna let this WYSIWYG CMS handle that.
My wife is an economist and I am an engineer. I was watching my wife make her breakfast one morning, and noticed that she made way too many trips to get each of the items she needed. So I said in my best engineer voice, “Hey sweetheart, why don’t you utilize the load maximization principle and carry all the items you need in one trip, thereby minimizing total distance travelled?” Well don’t you know, she loved my suggestion!
It used to take her 11 minutes to make her breakfast… now I do it in 5.