Brent Fitzgerald
@bf
The big ugly problem facing the crypto space: Will any of the products and protocols funded by speculation use cases have any use at all for mainstream use cases? Do Curve or Aave or DAI matter for people who aren’t using the blockchain like an underregulated casino?
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Brent Fitzgerald
@bf
There’s an ongoing quest for legit non-speculation use cases: Private blockchains for enterprise coordination. Banking the underbanked. P2P payments. Payroll. Identity. Fundraising. But we’re trying to develop these narratives around people and projects mostly just here to gamble. Those are the early adopters.
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vaughn tan
@vt
i think one of the many hurdles is that nonspeculation usecases need to be comprehensible to adopters for whom the idea of new infrastructure is inherently fearsome or at least not yet collectively legitimised
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Brent Fitzgerald
@bf
100% I'd even go further and say that a lot of the speculation use cases are attractive because they are incomprehensible. Complexity is viewed as "alpha" and being as early as possible on hard to use systems is rewarded with airdrops. This is directly opposite of what we typically want to see in all other use cases.
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vaughn tan
@vt
but def agree a lot of the trad money in the speculation cases seems to be old skool trying to look cool with what they think are moonshot projects
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vaughn tan
@vt
lol bullshit baffles brains eh
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