TechFlow news — On September 8, Max Levchin, founder of fintech company Affirm, posted on X: "The problem with smart contracts is that the assets they're meant to govern are really dumb... I mean, off-chain assets that can be towed, flown, driven, stolen, or taken aren't currently suitable for determining ownership or even usage via on-chain contracts. No, I'm not making fun of your favorite crypto project."
In response, Paradigm co-founder Matt Huang said, "I think crypto isn't about bringing real-world assets on-chain (certainly not physical things like houses), but rather about crypto-native assets that look silly today becoming incredibly important in 20 years."
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