proxy
@proxystudio.eth
neither of these approaches will attract net-new token buyers. neither gives tokens any context, consumers are never presented with a reason to buy a token, or given a sense of what it is they will own. consumer crypto's biggest mistake would be to assume that new consumers care about tokens at all. they don't, tokens are irrelevant - totally and completely - they lack any signification outside the speculative domain. crypto doesn't have a UI problem, it has a crisis of meaning. that crisis is exactly why the market on the right has plenty of users - pump is born from existential crisis, it exists within it happily, and its users don't care. not caring is the point. but we're maxxed out on nihilism, we'll need to offer something more vital & fulfilling if we want to attract more normal users via sleek consumer crypto apps
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Kieran Daniels 🎩
@kdaniels.eth
Consumer nonsense will fade and we will head back in the direction of core DeFi primitives. Build the yield and they will come back when the global liquidity comes back. Tipping ain’t it.
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proxy
@proxystudio.eth
consumers don't care about yield or defi primitives
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Kieran Daniels 🎩
@kdaniels.eth
Consumers investors definitely care about earning interest. It just needs to be a button press and no wallets or chains or bridging. Robinhood, Acorns, Chime etc
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proxy
@proxystudio.eth
assuming we're going to grow as an industry purely because of the growing financialization of retail savings feels like a miss to me, I want that stuff to exist but feels like aiming for a much smaller userbase than social networks
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Kieran Daniels 🎩
@kdaniels.eth
Well it’s like a 10b market, but one is way more achievable and generates recurring revenue. Giving people the option of self custody over banks will be all that’s matters if and when the current system collapses. Social networks are a much larger pie but how do you make money? You have to have to put revenue first to build a sustainable company. With that being said and I mean this, social dex like you’re building is the exact move, can generate revenue and scale a social network and it’s possible now because you have FC graph. Otherwise tho 9.5/10 social networks fail and won’t generate revenue at the end of the day.
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