No Channel Channel.

as high interest rates suck liquidity from the markets, the crypto industry is facing a cold truth: we don’t have pmf as an industry

people are mad at Vitalik for telling the truth about DeFi, yes the truth is often unpleasant

the truth is that no one you know is using crypto day-to-day for anything other than speculation*

now that we realize we have enough infra capacity, the focus is going to shift to one thing: getting the tech adopted

sorry frens, but it’s not going to be the next 10x perps exchange, BTC trading, or DeFi yield farming

we need to give people something that will make their lives better tomorrow morning. They’re tired of a decade of crypto promises

right now, they don’t care about DAOs or trading. They need real value

adoption will most likely start with consumer use cases

and once consumer adoption takes off, then we can scale and actually start using DeFi down the road

*at least in the developed world. stablecoins are taking off in the developing world.

Expanding the onchain economy 🌌
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