September 18, 2023
In 1906 JJ Thomson won a Nobel Prize for showing the particle nature of an electron, his son, GP Thomson won a Nobel prize for showing the wave nature of an electron. I am certain there were interesting holidays along the way, unless the scientific method was esteemed in the house, then they were not threatened by the pursuit of truth, and understanding and seeking to reconcile seemingly contradictory notions...(I won't ruin the book, read Cambridge press edition).
This is hard. We desire to defend our positions, tell why we are correct. We must be fearless as we pursue tomorrow, the next iteration of Store of Value, and the transformation of the financial markets that will transform banking per se. The ability to real time price assets, get in and out of them in a digital form will transform how people store value. it will unlock enormous illiquid wealth, create new financial dynasties and democratize alpha globally.
Dietrich Von Hildebrand wrote a book on the Metaphysics of Community as he saw false community being formed around hate in Nazi Germany. True community is the overflowing of grace as we behold the Good together...
In this space we fight over what is the Good, near term and long term. I feel like many conversation w/ folks in this space are like a Seinfeld episode. The argument is how to get down town from midtown, meanwhile Kramer just wants to eat along the way at a new place in Tribeca. They never get Downtown, but the food is great in Tribeca... this is tokenization of Real World Assets since 2016, as I have lived it.
Some economic actors have only joined to get to Tribeca and they are not talking about changing Store of Value.
Happy New Year to our Jewish brothers and sisters...Thus says the Lord God: O my people, I will open your graves and have you rise from them, and bring you back to the land of Israel. Then you shall know that I am the Lord, when I open your graves and have you rise from them, O my people! I will put my spirit in you that you may live, and I will settle you upon your land; thus you shall know that I am the Lord. I have promised, and I will do it, says the Lord. - Ezekiel 37:12b-14
In the Process of driving Tokenization of Securities and RWA, we have a wave and light moment...We need efficiency and DeFi both, not either/or. We can not stop at efficiency with incumbents only and wait for regulation that will only benefit the incumbents, we must have efficiency as a route to true DeFi to get the assets, to get the trading, to change Store of Value...
Many who started in this space since 2015/16 have dropped out, some gave up/moved on, some monetized stable coins(great job), some became bitter...this is hard, community is not as we behold the route together, it is the destination. Efficiency play plus DeFi, not just efficiency play for incumbents.
Ezekiel 37 is the whole play book for 2024, we must come together, the swarm will win...
This is the Way.(sorry, metaphor OD) see you at RWA summit.