Bankless 103 - Blockchains are Cities | Haseeb Qureshi
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Jan 31, 2022 
Haseeb Qureshi, managing partner at Dragonfly Capital, shares his journey from poker to crypto expertise. He introduces the metaphor of blockchains as cities, discussing how major chains like Ethereum resemble urban centers. The conversation delves into the ongoing debate of a multi-chain versus a centralized ecosystem. Haseeb explores scalability challenges, likening them to city infrastructure, and emphasizes the importance of interoperability and cross-chain bridges for a thriving decentralized economy. Insights about the future of blockchain are plentiful!
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Blockchains as Cities
- Blockchains are physically constrained, unlike networks like the internet, which scale linearly.
- This constraint arises from the need for trustlessness, enabling individual verification on consumer hardware.
Ethereum as Manhattan
- Ethereum, like Manhattan, is expensive and congested but remains a hub for significant financial activity.
- Despite its drawbacks, it hosts the biggest whales, NFTs, DeFi protocols, and DAOs.
Ethereum L1 as Subway System
- David Hoffman uses New York's subway system to illustrate Ethereum's L1, transferring value between rollups (skyscrapers).
- While skyscrapers maximize space, they have limits; similarly, a rollup-centric roadmap has scaling constraints.