infrastructure is what moves the world forward. the bigger arc of history, bigger than the rise and fall of empires, bigger than dynasties, bigger than political parties — bigger than any of these things — is the story of the growth of infrastructure. history is the story of infrastructure improvement.
it doesn't matter what country you're in. it doesn't matter what physical infrastructure you build. because the physical infrastructure is commodity. what's not commodity is the software.
the biggest place that the modern tech companies are capable of rent seeking is they have a database and then they put access controls in front of that database. or they have a commodity service and they put access controls in front of it. and it's that set of access controls that is their core value proposition.
the most significant value proposition of crypto is its ability to provide permissionless access to infrastructure.