The EVM has first mover advantage, which easily distorts many causations from reality.
You have to remember that the EVM was originally designed by @gavofyork (see the yellow paper), the same original architect as Polkadot. As much as it could have been the right choice at the time, it is certainly not the right choice for the future of the decentralized web, or he would have not iterated on that idea.
Perhaps EVM will always be the place for DeFi just due to its historical footprints, similar to how Wall Street probably still uses ancient technologies for some of their back-end systems.
Thankfully, Web3 does not end at DeFi.
DeFi probably isn’t even in the top 5 most interesting things you can do with a decentralized web.
We instead should focus on building a technology which powers what we envision the Web3 future to be. Not another bank and trading system, but perhaps:
- the backbone of new governance systems
- the medium for decentralized social networks
- the home of reliable oracles and prediction markets
- the platform for disseminating truth
- the facilitator for open source development
It seems people like you are more interested in building the next “JP Morgan Chase”, rather than helping build the Web3 Googles, Microsofts, Apples, etc… Perhaps then, it would be worth revisiting the book Zero to One.
Monopolies enjoy such strong profits and market dominance because they have discovered a genuinely valuable product or service for consumers, one that no one else has yet developed.
I would challenge anyone to show how Polkadot has made any decisions which are sub-optimal for being the worlds next “ubiquitous computer”. In fact, if you have been paying attention, you would know that was always the plan…
You have been paying attention, right?