Simple payment models resist failure; DeFi and NFTs multiply it
Quote
The the whole the construct of things like defy and NFT open up 100 different pathways of failure, where from fraud, you know, all the way down to technical problems.
Episode 31: we're cooking with gas you know how to like the stove that is no electricity (approx., from transcript intro) 01:12:58 (play audio from this timestamp, opens in a new tab)
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Summary
Asked about NFTs for podcasts, Dave says the complexity reminds him of DeFi: ten ways to crash and burn. Streaming value straight to an address is simple, with a limited set of failure scenarios. DeFi and NFT constructs open up a hundred pathways to failure, from fraud to technical problems. Simplicity puts a moat around itself.