Forks, Spoons, and Knives: A Future of Competing Protocols and Networks
Financial capital has been flooding into cryptocurrency protocols and applications through the token funding mechanism, but many projects are now struggling to deploy that capital effectively to build network effects and organic demand for network capacity. The potential dynamics of competition amongst projects who have nearly unlimited financial capital but fierce competition for social and human capital will define the next generation of funds, companies, and proejcts in the cryptocurrency ecosystem.
