3. Most of the user facing clients for Web3 are decentralized
4. Power is easily rolled up into convenience providers like QuickNode
but I think something that is (perhaps conveniently missed) is that there is A LOT of power in having decentralized / censorship-resistant state - this is the thing that makes DeFi a real threat to orgs like exchanges and banks. They can't force people to have a certain amount of capital to trade derivatives or have a certain credit profile to borrow, the system is permissionless and the API is open 24/7.
That's pretty remarkable IMO and I think that sort of permissionless is likely to be used for very compelling things in the future, NFTs aside.
Also one thing that he notes but doesn't quite provide a solution for but I'm betting will exist in the near future is a markup language to map UI components to smart contract functions/views.
1. NFT spec is flimsy at best
2. We trust output from ETH nodes inherently
3. Most of the user facing clients for Web3 are decentralized
4. Power is easily rolled up into convenience providers like QuickNode
but I think something that is (perhaps conveniently missed) is that there is A LOT of power in having decentralized / censorship-resistant state - this is the thing that makes DeFi a real threat to orgs like exchanges and banks. They can't force people to have a certain amount of capital to trade derivatives or have a certain credit profile to borrow, the system is permissionless and the API is open 24/7.
That's pretty remarkable IMO and I think that sort of permissionless is likely to be used for very compelling things in the future, NFTs aside.
Also one thing that he notes but doesn't quite provide a solution for but I'm betting will exist in the near future is a markup language to map UI components to smart contract functions/views.