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Is Cereal a Soup, Socrates? - DePIN's Categorization Problem and the Wisdom of Inclusivity
Key Takeaways
- The DePIN community is debating whether to maintain flexibility for what’s considered a DePIN or prioritize definitional integrity.
- The problem of defining categories is an age-old debate where the literal definition of a category does not always align with the spirit of the category.
- The spirit of DePIN is using crypto and blockchain to create real-world value.
- DePIN should prioritize sector growth at this early stage, maintaining inclusivity for protocols in adjacent spaces that align with DePIN’s spirit.
- The reputational risk to DePIN by prioritizing inclusivity is overstated. Projects can meet all the rigid criteria for a DePIN and still be fraudulent.
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Dylan is a Sr. Enterprise Research Analyst focusing on DePIN, DeFi, AI, and RWAs. He previously worked as a digital assets investment analyst at T. Rowe Price and in venture capital. Dylan is a graduate of Princeton University and co-founded the Princeton Blockchain Club.