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24min chapter
Ending the Modular vs Monolithic Debate | Kyle Samani
Empire
The Importance of State in the Crypto World
The speakers delve into the concept of 'state' in the crypto realm and its significance, highlighting the differences between owning coins and holding an LP position in an AMM pool. They caution against overvaluing the current state of various crypto systems and emphasize the need to comprehend the potential scale of state in the future. The chapter also touches upon Solana's mobile push, decentralized physical infrastructure networks, structural cost advantage in D5 systems, and the importance of micro payments and incentives in decentralized platforms.
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