SotN #1 - BULLISH; DeFi tokens, Internet-era growth, Fee v Issuance Debate
Bankless
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Web3 Evolution: Metrics and Ideologies
This chapter explores the evolution of Web3, emphasizing its relationship with traditional internet frameworks and blockchain technologies. It critiques the use of conventional metrics for evaluating success in the crypto world, advocating for a focus on liquidity and financial health over mere user numbers. The discussion further contrasts the philosophies of Bitcoin and Ethereum, likening them to a religion and a nation-state respectively, while examining the community dynamics and scaling approaches of each cryptocurrency.
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