Alternatives to Blockchain
Jimmy Song

The more interesting use cases will probably be realized in 5–10 years time.

A Universal State Management System really only has value when it’s used… universally. Humans for 1,000’s of years have been focused on creating economic non-zero sum games, through the use of shared state and understanding of the world around us. This is particularly obvious when you look at the effects of globalization and technology in the last 50 years.

Less poverty. More education. Less wars. More trading.

Globalization in the current form servers large organizations, because the immense amount of complexity and infrastructure required to manage the shared “state” is a hard job.

A blockchain, like Ethereum, provides the foundation for creating next generation non-zero sum games, in ways that aren’t possible today, while also empowering the individual. These new “games” are only feasible with a new technology infrastructure layer, in addition to shifting the social/culture ethos that surrounds these technologies

Will the blockchain have mass adoption overnight? No.

Is it possible to create a Universal State Management System using blockchain as the underlying technology? Yes.

Are we entering a new paradigm shift that requires a new ways of thinking and understanding the world around us? Perhaps.

Technology must be at least 10 times better than its closest substitute in some important dimension to lead to a real monopolistic advantage. Anything less than an order of magnitude better will probably be perceived as a marginal improvement and will be hard to sell, especially in an already crowded market. The clearest way to make a 10x improvement is to invent something new.
Pa-pa-pa-Peter Thiel