RE: The Three Crypto Periods
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Perhaps, getting worse is somehow needed for the great times to come?
I think the pragmatic period could also be the period where fundamentals are built and fine tuned for the next period to happen at least in a sustainable way. Maybe the utilitarian period is also where sufficient maturity for this space is achieved. So there's still some time to make outsized gains relatively quickly or easily.
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Often bad times precede good ones, so you might be right!
Let's hope the pragmatic period will be used to fine tune the space or parts of it for better fundamentals and sustainability. I don't think we can reach maturity as a space without major utility for the world.
Yes, I think we might still have the opportunity to earn big time, but more and more seems like they will be focused rather than generalized in the future.
That's right. Major utility for broad set of people is needed for a mature space.
And I think being early too helps in that focused sector. I've also heard that if blockchain abstraction happens, more value will accrue into the apps building on the network than the blockchain network itself.
That's most likely true. But only if the app-related assets have direct listings outside the ecosystem, otherwise, anything goes through another coin or token from the ecosystem, possibly adding value to the entire ecosystem, rather than individual apps.