Circle CEO: It is narrow-minded to define "blockchain" as a "cryptocurrency" technology

Circle co-founder and CEO Jeremy Allaire wrote on the X platform explaining why he is more bullish on cryptocurrency than ever before. "Public blockchain infrastructure has developed to the third generation, providing a globally scalable network computer that can handle large-scale applications with trusted data, transactions, and computing." Most "important figures" (such as mainstream media, policy makers, and large financial institution leaders) typically filter the concept of "blockchain" in a super-narrow way - it is a "cryptocurrency" technology that is "mostly bad and useless," and even as a technology, it has never been proven to be useful for anything other than building online casinos and spreading scams. Blockchain networks are a new operating system for the internet; most of these networks provide a way to store data, process transactions on the data, and execute code that can perform these transactions. They are special because they can do this while ensuring that data and code are immutable, indisputable, publicly verifiable, and so on. Most importantly, these networks are designed to be decentralized, providing society with an unimpeded, direct, and effective surface for participation and transactions, regardless of individuals, entities, or locations. This super powerful thing is applicable to a variety of applications. In any case, this is super basic and has always been the goal (in most practices in this field) for over a decade. The first generation is Bitcoin and related forks, the second generation is Ethereum and related/similar attempts in the 2015-2020 era, and the third generation includes Ethereum 2.0, Solana, Layer 2, and scalable EVM chains (such as Avax, Near, etc.) new platforms such as Aptos, Sui, Monad, etc. From a technical perspective, it is quite incredible to see the development of infrastructure, including tools, security, scalability, and many other aspects. This is like migrating from WAP 1.0 to iOS, or from HTML 1.0 to HTML 5.0. We can measure these improvements based on transactions, applications, nodes, active developers, speed, fees, and many other indicators. All of these are accelerating improvements. As long as Moore's Law, Metcalfe's Law, and so on are applied, you can have an understanding of the situation in the next 3, 5, 7, or 10 years.