Capitalism Onchained - Not Boring by Packy McCormick
www.notboring.co/p/capitalism-onchained
What Jamie wrote
Great perspective from McCormick on his long term view on crypto.
Crypto’s ideal state is that it will make capitalism more efficient and accelerate progress across industries. That’s civilizationally valuable enough that people will pursue it through booms and busts.
One of his tenants is around driving efficiency. This is one of my primary views with crypto. For 50 years we have driven efficiency with technology. Crypto enables a step-function jump in efficiency for some things. I don't see any way that we will ignore that, and not take that jump.
AI has taken 30, 40, maybe 50 years to get to ChatGPT and sudden mass adoption. Maybe crypto is on the same path? My Blockclock tells me we are only 14 years into this journey.