Suppose there is a fast, low fee, scalable version of bitcoin. And people begin to trade tokens and whatnot there.
Let's say the beginnings of a non-petrodollar financial system are beginning to emerge.
Limit orders can provide much deeper liquidity at a narrower price range than an AMM. But if you build a limit order DEX and just don't list USD "stablecoins", then you will have built two or three limit order DEXes, because the petro-dollar people will have to build competing markets.
That's leverage on a whole ecosystem. That is, you can build one app, and it doesn't have to be that good, and you'll have caused three apps to be built.
If you build yield bearing instruments, the petro-dollar people have to go build yield bearing instruments.
If you build a high signal to noise chat app, the petro-dollar people have to build two or three chat apps.
Auctions, recurring payments, the list goes on. If you build a non-dollar version of a dapp on a functioning version of bitcoin, the petro-dollar people can't stand to let a market exist unchallenged. They will always build a competing app, they have to.
So if there was one fundraiser to build ten or so apps, and those ten apps were going to cause twenty or thirty competing apps to be built, that'd be a pretty crazy value for the community.
Eventually, there's going to be a substantial amount of new talent developed because new people have to be brought in and trained to build all these oracle based petro-dollar dapps on bitcoin. And it's much harder to build a dollar app on a bitcoin rather than just use the native currency units.
Thanks for coming to my TED talk.
Posted by 2q_x