fomo cofounder Paul says onchain is the largest financial revolution since the 70s
“I think onchain is the largest revolution in the financial industry since trading was computerized for the first time in the 1970s. Everyone's trying to build these skeuomorphic applications, like let's build Twitter onchain. But the real main use cases are global distribution."
"[Onchain] is the largest social network ever created. It's fully transparent and everyone has access to every single transaction that's ever been created in the system. But it's just obfuscated by these alphanumeric strings and these clunky block explorers."
"If we can create an experience that's super easy to onboard that anyone can use, that you can create an identity through natural language around, I get full transparency into what you're doing."
"Eventually, as we have stocks, and we have prediction markets, and we have all these other asset classes, we become the social graph of all of finance.”
“Robinhood became huge on options and then pivoted to these other asset classes as well. The overall vision of the platform is a lot larger than you might see in the public discourse on Twitter."