My fellow retards,
Phon/ongod remembers being a child, seeing the adults reading their morning paper. This happened everywhere. It was what adults did…seems archaic now.
Last week, phon/ongod journeyed into the city to pick up some farming supplies. At a café was an old man, reading his paper, sipping his doppio espresso. This brought phon/ongod back. Humans are set in their ways. Many do not want to change, want to do what works…what is comfortable. Instead of the struggle humans choose the path of least resistance.
Perhaps Bruce Li had it right, best to be like water, always flowing forward unworried by the obstacles. Just continue on the path and maybe find enlightenment.
If we know humans are set in our ways, and we also know that incredible new technology is being built in phonon land, then how does mass adoption happen? In short, it probably doesn’t happen overnight. None of you midwits can imagine a world without computer screens for more than ten minutes at a time. We imagine most of you wouldn’t be able to spend a day in pasture without incessantly checking your phones. That wasn’t the case for humanity twenty years ago.
Ubiquity of the interwebs is common now. Reading the newspaper is not common. At some point a switch was flipped and the masses moved to their new system. You cannot pin point a date, but when better systems are built, they eventually become commonplace.
This is how phon/ongod views phonon. Credit cards…the entire payment system is built in a massively centralized fashion. They use similar technology as Phonon (PUF on card) but without any imagination.
Simply put, Phonon is a better payments system. It scales better, it costs less to operate, there are no fraudulent transactions, there are no double spends, there is no spending beyond limits, there is no silo system where some merchants accepts visa but not mastercard. This is because phonon is a protocol, it is not a company. Anyone can integrate the protocol at point of sale.
In twenty years, the deacon of abysmal hope believes the entire payments industry will change. It will move to antifragile systems such as Phonon. It is always extremely challenging to pick winners when a paradigm shift is coming, but going short legacy payment rails and going long new, scalable, decentralized systems seems to be a good bet to this goat rider.
Ride out at Phonon DAO discord.
Tips to phonongod.eth will be invested in bounties that advance the Phonon project.
Hatemail to phonongod@protonmail.com will be scathingly considered.
Targets for the marketcap of PHONON DAO remain:
$1b by Q2 2022, $12b by EOY.
On the high end, $300b marketcap in 3 years.
Perhaps Bruce Li had it right, best to be like water, always flowing forward unworried by the obstacles. Just continue on the path and maybe find enlightenment.
"Now you put water into a cup it becomes the cup you put water into a bottle it becomes the bottle you put it into a teapot it BECOMES THE TEAPOT;
Now water can flow; or it can creep or it can crash.
Be water my friend."