Haardik on Warpcast

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Haardik pfp

Most of crypto UX isn’t as bad as folks would like you to believe The worst part is really doing multichain stuff Everything single chain is pretty good as it is - try doing the tradfi equivalent Any single chain UX improvements from here are small incremental improvements

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Rolf Hoefer pfp

My instinctive response is that multichain stuff isn't the worst part, but getting onchain, and even going offchain, is the worst part. The 0 to 1 is the worst, even worse than the 1 to N.

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Haardik pfp

That largely depends on jurisdiction today

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Rolf Hoefer pfp

Yeah definitely a factor, though UX seems a bigger one to me: there are likely more people failing to get onchain when trying than people being able to get onchain but hampered in doing so because of a jurisdictional-specific blocker.

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Haardik pfp

What UX is holding them back?

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Rolf Hoefer pfp

Off the top of my head, taking the example of moving a hundred US dollar bill from someone's physical wallet to 100USDC onchain: . Where does one even go to exchange 100USD into 100USDC? CEX's like Coinbase are not an onchain destination; moving 100USD to 100USDC on Coinbase, rather than onchain, is basically tradfi. . What is the cost of "moving" my 100 dollars onchain (tx costs)? Most fees are variable, unpredictable, unclear, and constantly changing. 10x less true in tradfi. . How does one select on which chain one wants to receive the 100USDC, coming from fiat? Why are tx fees not actually paid in USDC as per onchain tx records? . Where exactly "is" my 100USDC? Unlike 100USD in my physical wallet, 100USDC is not in my digital wallet but on a "blockchain"? . Where do I store this new thing called a seed? Or how and why do I need to select/trust others to "recover" my money, and do they need to be crypto-savvy? All non-jurisdictional UX issues; no legal, KYC, accounting, or tax concerns above, for ex.

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