Accelerate with Mert Packy McCormick: Capitalism, Crypto Use Cases, and The Great Online Game | ACC 1.2
Aug 4, 2025
Packy McCormick, an insightful investor and writer behind the Not Boring newsletter, dives deep into the intricacies of crypto, capitalism, and tech innovations. He discusses the evolution of Layer 1 blockchains, emphasizing the importance of specialization and interoperability. Packy underscores Web3 as a platform for economic experimentation while celebrating the potential of stablecoins and NFTs. He also tackles the challenges of attention online and shares advice for aspiring writers, highlighting the need for authenticity and differentiation in content creation.
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Episode notes
Why Capitalism Still Works
- Capitalism channels resources to what people actually want, despite flaws and inequality.
- Packy argues incremental improvements to capitalism often produce large real-world benefits.
Why He Wrote About Solana
- Packy wrote a deep Solana piece after meeting early team members and seeing their unique trade-offs.
- He believed Solana's focus on speed and financial use-cases merited serious analysis rather than dismissive L1 maximalism.
A Few Specialized Blockchains Win
- Multiple blockchains will coexist, each specializing in different trade-offs rather than a single winner.
- Packy expects a handful (not one, not infinite) of dominant chains to serve distinct needs.
