The question of whether we truly want the things we claim to want is an interesting one. Oftentimes, we may say we want something, but we fail to fully pursue it. This could be because we haven't taken the time to examine and accept all the tradeoffs associated with pursuing that desire. It's crucial to differentiate between a casual desire and a genuine commitment to a goal.

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Hatched by Glasp

Aug 04, 2023

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The question of whether we truly want the things we claim to want is an interesting one. Oftentimes, we may say we want something, but we fail to fully pursue it. This could be because we haven't taken the time to examine and accept all the tradeoffs associated with pursuing that desire. It's crucial to differentiate between a casual desire and a genuine commitment to a goal.

To determine how much we truly want something, we need to assess the level of sacrifice we're willing to make for it. The more we're willing to give up for a goal, the more we genuinely desire it. It's important to be honest with ourselves and evaluate the tradeoffs required to achieve our desires. Only then can we determine if we're truly committed to making those sacrifices.

In the world of blockchain technology, a concept called "Fat Protocols" has gained attention. This concept suggests that the value in the blockchain application stack is concentrated at the shared protocol layer, rather than the application layer. Unlike the traditional internet stack, where value is distributed among applications, the blockchain application stack flips this relationship.

The combination of shared open data and an incentive system with tokens is a key aspect of this concept. By storing and replicating user data across a decentralized network, rather than within individual applications, the barriers to entry for new players are reduced. This creates a more competitive ecosystem of products and services built on top of the open network and shared data layer.

However, an open network and shared data alone are not enough to promote adoption. The protocol token, which is used to access the network's services, fills this gap. Early adopters recognize the potential value of the protocol and build products and services around it, knowing that its success will increase the value of their tokens.

It's worth noting that speculation often drives the initial growth of blockchain technologies. Interest can grow faster than the supply of tokens, leading to bubble-like appreciation. This speculation attracts financial capital, some of which is reinvested in innovation. The subsequent bust can actually support the long-term adoption of the technology, as prices depress and stakeholders seek to create value around it.

In the blockchain application stack, the market cap of the protocol layer consistently grows faster than the combined value of the applications built on top. This is because the success of the application layer drives further speculation at the protocol layer. This combination of shared open data and an incentive system disrupts traditional "winner-take-all" markets and enables the creation of companies with fundamentally different business models at the protocol layer.

In conclusion, our desires and commitments are often intertwined. To truly want something, we must be willing to make the necessary sacrifices and examine the tradeoffs associated with our goals. The concept of Fat Protocols in the blockchain world demonstrates the power of combining shared open data with an incentive system. By understanding these principles, we can navigate the pursuit of our desires with a clearer understanding of what it truly means to want something.

Here are three actionable pieces of advice to consider:

  1. Take the time to evaluate your desires: Before committing to a goal, examine the tradeoffs required to achieve it. Are you willing to make those sacrifices? Understanding the true level of commitment will help you pursue your desires more effectively.

  2. Embrace the power of shared open data: In the age of blockchain technology, leveraging shared open data can lead to a more competitive ecosystem. Consider how you can incorporate this concept into your own projects or ventures to drive innovation and create value.

  3. Stay informed about blockchain developments: The blockchain industry is constantly evolving. Stay up to date with the latest developments, trends, and applications in order to seize opportunities and adapt your strategies accordingly.

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