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Lyron Co Ting Keh
@lyronctk
Crypto affordances that end users can feel, the dependency graph: [3] Ownership. What you buy / build can never be taken away from you && can move freely between ecosystems. Then users can really feel compounding w/ network effects. <depends on>
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Lyron Co Ting Keh
@lyronctk
[2] Composability + Extensibility. OS dev is supercharged (@dangerwillrobin's phrase). Dev power of the world beats dev power of any subset. Yields better product experiences. <depends on> [1] Value Transfer. Easy to send / receive assets with value.
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Lyron Co Ting Keh
@lyronctk
Given these dependencies, builders today should solely focus efforts on product offerings centered around #1 right? Or else you fight the uphill battle of timing? Kinda. Some case studies below
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Lyron Co Ting Keh
@lyronctk
[1] Value Transfer. Pretty much the only products that have ever experienced PMF in our space: [Circle, OpenSea, FriendTech, ...]. Memecoins here too. Timing advantage here is abundantly clear. Market pulled products off their shelves during the respective booms.
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Lyron Co Ting Keh
@lyronctk
[2] Composability + Extensibility. Some blips of success here in defi. Liquidity wars with Curve. Collateral swaps w/ Aave flashloans. Both cases did well with #1 prior to #2 kicking in. No sustained wins yet. Likely need 30+ dapps to hit with #1 first.
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Lyron Co Ting Keh
@lyronctk
[3] Ownership. The only real player here is this app. Even they faced the uphill battle w/ front-running good timing. Team pulled off the insane feat of bootstrapping w/ crypto community / ethos alone in the first few years. Technically not a blockchain affordance.
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