Posit: Growing DAU is the hardest problem in crypto. That's why most founders / companies aren't focused on it. Someone else's problem to solve.

IMO one early promise of crypto was using token incentives to bootstrap utility/app usage, but this can result in companies further along with less product discipline and less of a handle on how to generate organic DAU growth

building privy.io, always in pursuit of ice cream, love /urbanism

Which has not worked.

Tokens / incentives amplify baseline behavior. If you start with an unsustainable economic incentive, you are masking the baseline behavior, which may actually be non-existent once the incentives stop.

Do you think crypto teams can “fix” the lack of baseline behavior? So many teams are adverse to hiring PMs (understandable) but the founders also have very limited product sense when it comes to this stuff…