Ryan Sean Adams (rsa.eth)
@rsa.eth
"Crypto doesn't have users" is wrong. Crypto has users. Over 560 million people worldwide now own crypto. "But owning crypto doesn't count" - also wrong. Owning crypto is using crypto. Own is the verb crypto added to the internet - own is literally the point. "So you're saying we're done here?" No. Not at all - we're maybe 5% done. Own is just the top of the funnel for using crypto - it's barely using it. Own enables deeper verbs like Pay, Lend, Borrow, Mint. Own starts with few assets and expands to all the world's assets. Our massive unfinished work in crypto is to bring users down the funnel. From owning in an ETF to owning onchain. From 1% of their net worth in crypto to 90%. From bank account to crypto wallets. Everyone onchain. Everyone bankless. We have crypto users. Next we need to convert them to crypto natives. This is our next challenge.
3 replies
6 recasts
119 reactions
Dan Romero
@dwr.eth
> Owning crypto is using crypto. It's not. As an app developer, you don't make money if you don't have people using your app regularly.
3 replies
1 recast
33 reactions
✳️ nibnalin on daimo
@nibnalin.eth
Float can be a great source of revenue, the most profitable crypto businesses besides exchanges are stablecoin issuers -- they make 6% float holding t bills for every USDC and USDT issued Tether's bottom line is already competitive with top US banks: https://x.com/teddyfuse/status/1777034406030352656
1 reply
0 recast
0 reaction
Hugo -
@schezhugo
Owning Bitcoin is using Bitcoin in a way, owning ETH is not using Ethereum thought.
0 reply
0 recast
1 reaction
skllz.base.eth ꜩⓂ️🍖
@skllzrmy
Agree. User implies to use. To engage with and actively participate in some way in an ongoing, present tense. Owner implies to have engaged in the past tense but makes no implication toward the present. BIG difference.
0 reply
0 recast
0 reaction
Nansel.eth
@nansel
+1
0 reply
0 recast
0 reaction
