The Big Question at Ethereal Summit NY: Is DeFi Enough to Ethereum?
“I think DeFi is a solution searching for a issue,” Flynn explained. “Last year people were about NFTs and this year they’re about DeFi. It is only recency bias”
“If you think about ethereum as programmable money and decentralized finance (DeFi) applications, that’s probably good enough, then” Selkis argued.
(Photo from Brady Dale for CoinDesk)
“The statement that I’m waiting for is the very first small nation to announce they’re issuing their own currency on ethereum.”
“If Layer 2 does not get the job done, ethereum may not get the job done. I believe that with fairly high certainty,” Tushar Jain, co-founder of all Multicoin Capital, said from the Ethereal main point. “There are other Layer 1 chains out there which outperform ethereum on multiple measurements.”
Whether the question is raised as some critique that was legitimate or a defensive counternarrative, Whittemore contended that communities like ethereum’s have to be prepared to grapple with those big challenges when they appear.
It represented an inherent strain at the conference, one.
“Ethereum’s going to eat whatever,” Ameen Soleimani, SpankChain creator and summoner of the MolochDAO, said during a single panel.