Here is the trailer. Richard says it very real at the end “If you get into a habit of trusting people like me then you will get the crap scammed out of you”.
That seems to highlight the problem with inefficiency because of too much decentralization, unfortunately.
Some tend to only see dencentralization as a force of good but there is a reason that things tend to centralize. $80 for a transaction is unacceptable. Ethereums next upgrade will be interesting, with sharding.
BTC barely works as a transaction network, why any sane people would add ordinals is beyond me. BTC does not seem to be built for that without going towards the route Ethereum takes and it does not feel like that is possible with BTC.
The main application of crypto is gambling - gambling on what will be the next thing that will do x100-x10000. From this perspective, the rational action is to risk a small percentage of your investment on each new thing.
I think this could be a fairly good analogy to SNT on an operating network, as ICP allows for decentralised hosting of Web3 apps.
While these comparisons are never perfect, it’s fun to speculate, so if SNT reached a similar market cap to ICP’s current $6bn, and 15% of the eventual supply of SNT were in circulation, the price could be about $9 / SNT.
Might not be the middle finger to the establishment that we envisioned a few years back but it is pretty amazing how far bitcoin has come and how quickly the narrative is changing.