# Packy McCormick - Capitalism Onchained (Highlights) ![rw-book-cover|256](https://substackcdn.com/image/fetch/w_1200,h_600,c_fill,f_jpg,q_auto:good,fl_progressive:steep,g_auto/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F16cb931c-9664-4319-9c6a-0c286ed29bbc_1527x750.png) ## Metadata **Review**:: [readwise.io](https://readwise.io/bookreview/32172321) **Source**:: #from/readwise #from/reader **Zettel**:: #zettel/fleeting **Status**:: #x **Authors**:: [[Packy McCormick]] **Full Title**:: Capitalism Onchained **Category**:: #articles #readwise/articles **Category Icon**:: 📰 **URL**:: [www.notboring.co](https://www.notboring.co/p/capitalism-onchained?r=3gntr) **Host**:: [[www.notboring.co]] **Highlighted**:: [[2023-09-14]] **Created**:: [[2023-09-16]] ## Highlights - Any technology that is sufficiently valuable in its ideal state will eventually reach that ideal state. ([View Highlight](https://read.readwise.io/read/01ha9nheqf3vapgy72pqe83j84)) ^595747830 #keypoint - By ideal state, I mean the imagined end goal or highest potential that technology could achieve if all the kinks were worked out and it was deployed ubiquitously. ([View Highlight](https://read.readwise.io/read/01ha9njdae0st4s501hr3ryqqk)) ^595748385 #definition - Understanding the ideal state is maybe the most important thing to do early in the life of a technology, because if that ideal state represents enough value to enough people, the kinks will be worked out and the technology will be deployed ubiquitously. ([View Highlight](https://read.readwise.io/read/01ha9nj4pda7xd6dhq7mww5f64)) ^595748219 - Crypto’s ideal state is to make capitalism more effective. ([View Highlight](https://read.readwise.io/read/01ha9npz6415w8v8zkgrn4zrnp)) ^595748639 #keypoint - Composability, open source code, and shared infrastructure make it relatively easy to spin up a new app and begin collecting payments. ([View Highlight](https://read.readwise.io/read/01ha9nx5ky86xkwshdv9sxvdjt)) ^595749147