permissionless to use. permissioned to succeed.
look at the distribution. entire continents barely exist on the map.
(check image before reading)
capital in crypto is still geographically clustered. and where capital clusters, everything else follows - attention, partnerships etc..
everyone likes to pretend the internet flattened the world. it didn’t. it just made the gaps less obvious… until you visualize them.
the uncomfortable reality is this: decentralization mostly applies to users, not builders. anyone can use a protocol. not everyone can win building one. if you’re outside major capit