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The Fat App Thesis - by David Phelps - Three quarks

davidphelps.substack.com · 2,463 words · saved by 1 readers

Why the upside is in apps

This is the third—hopefully last!—part in an ongoing series on the value of blockchain apps after part 1 (the proto-app thesis) and part 2 (the social app thesis). They do not need to be read consecutively, so don’t worry: you can go ahead and read this thing. No essay in crypto history has served as a self-fulfilling prophecy quite like Joel Monegro’s 2016 “Fat Protocol Thesis.” A future map of the market so good that it seems suspiciously like a catalyst for it, Monegro’s piece remains the definitive lightning rod for why crypto markets should be valued differently from any of the 20th…

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