My fellow retards –
Bitcoin has a >$1t marketcap
Ethereum ~$500b
Bunch of competing smart contract platforms … call it ~$400b
Bunch of L2s; depends on your definition, but maybe ~$20b
Oracles to connect chains, ~$20b
The global crypto market is ~$3t. Astronomical numbers. True a lot of these coins are fucking retarded, so whatever, write them off. Just think about bitcoin and the smart contracting platforms. What would the value be if you could create a fully decentralized privacy system that connects all of the disparate networks? Would it approach the value of all their networks? Probably not. I remember in the early days of Ethereum where people would contemplate if the assets on the chain could ever be worth more than the marketcap of all ETH. Time does make us all feel really dumb, eh?
Well we now have the PHONON network. As in, we have a working hardware implementation. The DAO contract is live. PHONON network hardware now provides a privacy layer to nearly all L1s. (Some of the very new L1s that do not have their curves supported in the microchips used on the most advanced smart cards may not be supported in v1 of PHONON, but 99% of all chains will not have this problem).
So we can transact a private key that controls the access of some bitcoin, or controls some NFT, or some defi position, from one disparate card, to another, across any distance. This happens in an encrypted tunnel, nothing is broadcasted, there is no global validation, no data leaks. That in itself is pretty fucking cool. But your enlightenment moment will come when you realize PHONON is but a primitive. PHONON is not competing to be yet another L2, and it’s definitely not an L1… it’s a L0, it sits beneath all of these other L1 and L2 chains.
Follow me down into the crypto rabbit hole. Spend years of looking at the nuance and talking to people on the fringe of society (not ass clowns who parade on twitter or cnbc pretending like they are important because they pump BTC or ETH), the real people who conceived and built the foundation of this ecosystem, who view it through a lens that most mere mortals cannot contemplate… drill deep enough and you realize all crypto boils down to is private keys and signatures. Everything above that is an implementation detail. Perhaps one day you’ll take enough LSD to realize the same profound truth; that bitcoin is just an implementation of private speech. Ethereum is a more complex implementation of this speech with different tradeoffs. Both however, only function because we have private keys that can produce a signature on a bit of data. All smart contract platforms are fighting to be the best implementation of this realization, and much of their differences come down to marketing more than anything else.
I want to free you from this mold that the globohomo retarders of man have forced around your mind. I want you to envision what these networks fundamentally are. Break them down to their lowest levels. They are coordination systems where one party can pass a message to another party. That’s it. Even your average retard can parse that if given enough quiet time to think.
At the base of these layers we have private keys; the lifeblood of all crypto. There is tremendous innovation happening at the smart contract network levels and L2s, and a complete lack of innovation happening at what I envision at the L0. PHONON network is the L0 that will support all L1s and many L2s (not snark ones).
PHONON allows smart cards to be given an identifier for what chain a packet of data originated from, and the private key that is capable of moving that packet of data. That’s it. But what that means is that no human has visibility into this private key. Only a piece of secure hardware. It also means that this private key can be moved around through the PHONON network without visibility of human eyes or any globohomo tracking. The PHONON network brings privacy and scalability to all L1s not by locking up funds and recreating them into an L2 with more database type attributes with a tradeoff of decentralization, but instead by going lower than the L1 and realizing the only thing crypto networks are is some private data and signatures.
PHONON is the privacy preserving scaling primitive that will allows all crypto networks to be endowed with certain unalienable rights that the powers that be cannot touch. You probably needed to drop a serious tab, or perhaps eat a bunch of caps to understand what crypto really is, but now you’ll probably need to go into a full DMT induced fever dream to realize that *with* PHONON we can build products and services that exist below these networks. You can build a uniswap type system where private keys that represent ownership of different assets can be automatically swapped. What does this mean? It means you can have a uniswap that is fully decentralized and fully private and spans beyond just Ethereum to also offer its services to bitcoin and every other smart contract platform.
For a fifth post, I know I’ve gone too far. Your pajeet mind cannot handle this level of comprehension. I will try to dumb it down for the next few. For now, I leave you with my sentient predictions. I may have seen the future, perhaps we all have, yet I feel it will turn out more weird than we can imagine.
I will leave you with my first price prediction for the PHONON network:
$1b by end of Q2 2022 ($26/GRID)
$12b by end of Q2 2023 ($320/GRID)
[Not financial advice – for entertainment purposes only]
phon/ongod out.