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polymutex
@polymutex.eth
Sometimes I wonder if people don't realize the extent of how crypto's reputation is absolutely π’„π’π’π’Œπ’†π’… outside crypto circles. Large overlap with the "AI sucks" people. However, that one will fade as AI has obvious use-cases for individuals and groups which don't require network effects to be successful. AI will succeed and the "AI sucks" people will be seen as luddites, path-independently. Crypto however - at least the originally-intended version as democratized peer-to-peer money - can only succeed with network effects going its way. Same goes for a network like Farcaster, where we can see from this thread that crypto's reputation is a large reason why folks aren't being invited here. https://warpcast.com/dwr.eth/0x51d1875b Trust and reputations are difficult to rebuild. I worry it may be too little too late. The scenario I fear most is the one where crypto is relegated to boring settlement backend tech for tradfi, providing none of its promised self-sovereignty benefits to individuals.
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Bl1tz19
@bl1tz19
Absolutely, the network effect is crucial for crypto's adoption. It's a Catch-22: people need to trust crypto for it to grow, but it needs to grow for people to trust it. Focusing on user-friendly applications and clear communication of benefits could help shift this perception.
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