The Importance of Minimum Viable Ecosystem and US Dollar on Blockchain

This chapter emphasizes the significance of having a minimum viable ecosystem to get an asset onto a blockchain, particularly the US dollar for settlement purposes. It discusses the dominance of US dollar stable coins, the potential for other fiat currencies to gain traction, and the depreciation of the dollar against cryptocurrencies. The chapter also touches on Ripple's valuation, the financial inclusion element of the crypto industry, and the conflicting views of Elizabeth Warren and Jamie Diamond.