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Ethereum and the innovator's dillema - Jay’s Substack

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So where does Ethereum go from here? I cover modular blockchains, database design, and quote GCR in an attempt to answer this question. For full disclosure, I am net long Ethereum. The thesis behind the Innovator’s dilemma can be summarized as": “Successful companies often fail to adapt to paradigm shifts, particularly when it comes to technological innovations. The reason being is that they focus and over allocate to aspects that have made their product successful as opposed to experimenting with newer, unfamiliar ideas”. In the world of blockchains and smart contracts, we’ve made considerable progress over the last several years. Now, the million dollar, or 250 billion dollar, question is: what is the fate of Ethereum? There’s now a much more principled way of thinking about what makes for a well functioning blockchain and a logical approach to decouple (and scale) the core components. This is the monolithic vs. modular debate. The core idea behind the modularity when it comes to blo

So where does Ethereum go from here? I cover modular blockchains, database design, and quote GCR in an attempt to answer this question. For full disclosure, I am net long Ethereum. The thesis behind the Innovator’s dilemma can be summarized as: “Successful companies often fail to adapt to paradigm shifts, particularly when it comes to technological innovations. The reason being is that they focus and over allocate to aspects that have made their product successful as opposed to experimenting with newer, unfamiliar ideas”. In the world of blockchains and smart contracts, we’ve made…

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