My fellow retards,
Building up the stack means you inherit the benefits and detriments to everything below you. If you want to build an L2 for Ethereum, you need to comply with the implementation details of Ethereum. It can be a prosperous game, but it is a bounded game.
Building below the stack is a challenge. It requires mechanical and electrical engineers. Your js.script-kiddie wont suffice. It takes time, patience, lots of money, especially when you introduce hardware. Who wants to build in the plumbing and work with private keys and low level infrastructure when all the eyes and allegedly-smart money is pointed at up-stack development?
NFTs and DEXs and L2s are sexy. VC money flows readily. To take on the gritty work at the foundation one would have to be a fool or a visionary.
GridPlus spent the past five years doing just this. Now they sell a hundred thousand of dollars worth of their lattices every month. This hardware is incredible, you should buy one if you can afford it. This is a technology that most in the ecosystem would never dream of. More importantly it has allowed for the development of Phonon.
Thankfully phonon exists and works. It will be a seminal technology that will garner significant adoption in 2022. It allows for private transactions of private keys across nearly all blockchains. It means you can move the assets you own on any of the many blockchains you care about and transfer them to another party 100% privately, securely, without broadcasting any data.
How much is a system that provides this to a network of blockchains worth?
My targets for the marketcap of PHONON DAO remain- $1b by Q2 2022, $12b by EOY. This is equal to $26 and $320 per GRID. I would add on the high end I can see $300b marketcap in 3 years (or $8000/GRID).
New prediction: Jack Dorsey’s SquareBlock will try to buy GridPlus due to the innovation of the Lattice1. More than $1b will be offered.
Join the conversation: https://discord.gg/TTfBrVnh
[Not financial advice – for entertainment purposes only]
phon/ongod out.