Hmmm. It seems to be that even academics who do research in the triple intersection of CS, Math, Economics have caught up to what is happening in DeFi yet.

Even today I feel as though the issues outlined (governance, privacy and security, scaling, consensus) in https://a16z.com/2018/02/10/crypto-readings-resources/ are relevant.

(I am mostly highlighting the difficult engineering problems in the blockchain infrastructure layer, since I naturally gravitate towards those problems.)

But, yeah, compare the codebase of say go-ethereum (geth) to uniswap-v3-core or compound-protocol.

Can't help but feel as though the service built on top with product-market fit is just the top of the iceberg, but arguably captures as much market value.

Circling back to beginning of this thread, I feel as though Ethereum is under-appreciated as the interstate highway system of the decentralized internet and not just digital gold.

Look at how many time Ethereum is mentioned in https://defipulse.com/ .

As an aside, is CBDC research in the Biden infrastructure plan? I mean isn't having a (hopefully, privacy preserving) view on all economic activity ("Blind Eye of Sauron") useful for monetary policy makers?