hottakes

Chains are never going to be abstracted away. Chains hold assets and people want to know where their assets are.

There are >4000 banks in the US. Yet you know which one has your money.

Ethereum enthusiast exploring frontier of layer 2s, gamefi, and decentralized apps.

host /nerd | creator @mastergrief | lvl 0 trader

Thats because the backstop to you not losing your funds is not the software/service, but the bank. In contrast, crypto wallet providers aren’t stepping in to save your funds if shit happens. Which means the underlying security of the service/sw you are using matters. Banks live and die by their branding/reputation, so do blockchains and blockchain apps.

Hm I disagree. Nobody cares what backend software/services their bank is using to track their balances or what providers they use for security 😎👉

They do want someone to yell at if anything goes wrong though lol