Evans: Crypto resembles early 1990s internet before foundational protocols existed
Benedict Evans · Metaverse and crypto - beyond the BS · Apr 16, 2023 · at 24:49
Tech analyst Benedict Evans explains why crypto application development lags behind generative AI by comparing crypto to the early internet protocol era.
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“Whereas it seems to me the kind of creative energy around crypto was sort of, like, it was more like the creative energy of the internet in, like, the late eighties and early nineties. In that there was no HTTP. There was no SSL. There was no SMTP. Yes, there was SMTP came earlier, but it's as though you didn't have all those three and four letter acronyms that no user needs to know about. You didn't have all of the kind of the basic building blocks on top of which Yahoo and eBay and AOL and everything else got built and like, yes, I'm jumbling up the timeline a bit here, but it's like you don't have the stuff you need to build Netflix. You don't even have the stuff you need to build Yahoo.”
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