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Rob Cunningham | KUWL.show
@KuwlShow
A company’s market cap = the value of one player.
A protocol infrastructure = the value of the entire playing field.
Simple Analogy: NBA vs. One Team
• The NBA rules + court + system = protocol infrastructure
• The Los Angeles Lakers = one company
Real-World Example: Internet
• TCP/IP = protocol infrastructure
• Amazon = one company built on it
TCP/IP enables:
• Every website
• Every app
• Every online business
Amazon is massive… but it depends on the protocol layer beneath it.
Now ask yourself:
• Could the Lakers exist without the NBA system? ❌
• Could the NBA exist without the Lakers? ✅
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And finally, ask this:
Could a bunch of separate blockchain projects work the world over without a neutral interoperability layer?
Yes – in the same way that every country could build its own railroad gauge, language, and power plug and still function inside its own borders.
But could they do that efficiently across ALL borders, with low friction, low trust requirements, and no constant bilateral workarounds?
Not very well.
That’s the difference.
Protocol > market cap.
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XRPL, ILP, XRP, Law = Protocol.
Clarity Act = New Protocol.
Class dismissed.
A company’s market cap = the value of one player.
— Rob Cunningham (@KuwlShow) April 11, 2026
A protocol infrastructure = the value of the entire playing field.
Simple Analogy: NBA vs. One Team
• The NBA rules + court + system = protocol infrastructure
• The Los Angeles Lakers = one company
Real-World Example:… pic.twitter.com/2H4gc4OPOg
Source(s):
• https://x.com/KuwlShow/status/2042795370418208890
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