maybe a stretch to call it "analysis" - titled this a "brief response" for a reason
but I'd be interested to see a more thorough review of DeFi companies to better evaluate the point about funding https://t.co/EZsa3Z00HO
My personal opinion, from a business point of view, is this wouldn't make any sense to outright switch. Ethereum is where all the users are and trust in DeFi are. Could Polkadot facilitate 80 million Dai? One possibility though is I think the community could consider launching MakerDAO on other platforms as well. But of course that would require some robust interoperability which we've yet to seen. I wouldn't worry about this too much one way or another.
Just spitballing here, but I have mixed feelings on this response. I believe the article by Albert is pretty solid, and that just focusing on who is funding DeFi apps and the fact that they are taking VC money doesn't necessitate that it isn't reliant on large ETH holders. Especially for things like MakerDAO and Compound, an alternative angle could be proposed that only those with a lot of ETH (comparative) are responsible for the majority of the usage of those services. He even acknowledges this could be the "bootstrapping phase". Also, VC money isn't endless even if it is in a good idea, and unless scaling is massively improved I think he is spot on in saying that there could be a cyclical collapse. No comment on the timeline.
However for Fred... I mean dude literally mentions his other platform competitors, two of which started as ERCs, one of which is an ETH sidechain. Blockstack's whitepaper is a literal clusterfuck of saying how it can do the work of multiple teams working in ETH currently with a dash of "we can just abstract all the necessary security and introduce more friction into the system... this will go great!". Also you're going to use Kin Token as a mascot for useful engagement? I can applaud his optimism on crypto but imo his take is more in the lines of "SEC approved ICO! how can that go wrong?". I can't really expect him to be a better critic because imo there is too much of a knowledge gap to appropriately fill in.