Consumer Crypto

in consumer, crypto inherently cannot capture like 99% of the tam—and to build for the 99 is to neglect the 1 

the problem is, in crypto, in order to even have a chance at the 99, you need the 1

it doesn’t matter how much you abstract; this is the nature of tokens

yappin in /midwits & creating idle rpg /animarising

true but cb plays an entirely different game than consumer apps, which is more what i was getting at

this is largely true, but coinbase makes most of its money from price insensitive whale retail traders who are much later to stuff, e.g. xrp

former vc backed founder turned indie hacker. mobile app studio focused on consumer crypto apps. ✝️ https://simplecohortllc.com

no but forcing a token on an artist or gamer is not it

Do you think it’s hopeless to capture the 99%?

obvious things; namely wagering/prediction, art & all things collecting, gaming to a certain extent & there’s a use case for social

wdyt are the uniquely crypto consumer business models besides trading + memecoins?

no idea; the roots told me 

building for traders & not collectors on an nft platform is dumb

this was the initial blur thesis, right? get the heavy traders, the rest will follow. After all, theses did not entirely play out - blur dominates volumes but opensea still dominates marketplace fees, although they might not have the 1% at the moment.

“In order to even have a chance at the 99, you need the 1”

Real spill