Imo a big problem crypto faces right now is the lack of consumer applications

Consumer applications, especially coming up with novel ideas is rarely done by non-Americans

China does 1 to 1,000 very well. SKorea / Japan have specific specialities (HC gaming / Deep Tech)

They don't know how to do consumer Zero to One

As it is right now -- many US based entrepreneurs are staying out of crypto because of its regulatory stature / SEC chilling affect on the industry, and perhaps will FTX ripples. 

The result is lack of narratives, and visions for the current cycle. 

A Storyless bull-market

Beach maximalist 🏖
Partner @ Collider.vc 💎

tropicokantian primordial smart contractual soup research fellow at the institute of per block time of existence 🏝️ /philosophy 

icebreaker.xyz/gokhan


in some regions, consumer applications touching crypto is abstained from in that governments can pass a midnite bill to oblige thousands startups to go bankrupt over a nite so that banks can offer their own wallets, for ex.. hence the required energy is just channeled into braindrain processes.