Farcaster

AMA

Haven't done one of these in a while.

How do you interpret crypto's low(ish) usage vs high price?

I saw <1M daily users in another answer

building /royalpatron, data artist, jpeg collector. ex-data science at warby parker

Fair. Are you concerned / surprised by crypto DAU levels at this part of the cycle?

Reassuring. I initially thought we’d recover more this cycle. 

I thought initial boost of rising price + time since ftx would kickstart loops of:

More users/devs for experiments -> apps that improve brand -> more etc

No. I think 2022 crash had serious brand implications for consumers. Will take 5-10 years to recover. This bull market will still bring new people in, but a lot of people (who are tastemakers) with very negative perception of "crypto" unfortunately.