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richie is foraging
@richie
In Consumer Crypto, Greed is Good
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tomu
@tomu.eth
true that most apps with huge volume (PMF) are in that category, but i don't agree that everyone is building in that vertical, here are some apps that might achieve that mainstream level without building a casino: https://warpcast.com/tomu.eth/0x27d36890
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richie is foraging
@richie
appreciate you surfacing! do you think the apps listed in the article can break into mainstream without emphasizing earning opps? i <3 zora, but it is still a game of "pay x to post, and possibly earn y". does crypto make these 10x better than their mainstream/web2 counterparts within other sins?
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tomu
@tomu.eth
apps like zora, rodeo etc have earning opps. any interaction with social media will trigger a transaction. so that's the onchain social we are building: "share media, but earn whenever someone remixes your content" - so for creators that's def a plus will these ones break into mainstream, i'm not sure. they still need to crack retention for crypto-natives, and sadly, the only retention that worked so far is token incentives and those are short-term solutions crypto will always have greed, but maybe we do find apps that people really want to use without thinking "what do i earn if i use it". there are few now, hope they do make it into mainstream
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richie is foraging
@richie
maybe the sequencing of crypto people first is what’s hurting us if product solves a real problem (or is 10x better) it doesn’t need to start with crypto people crypto people think about earning and incentives. mainstream consumers only think that way when evaluating competitors (e.g. early uber vs lyft credits)
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Mark Fishman
@markfishman
yeah this is it for me the majority of people using crypto are motivated by greed, largely because we haven't built anything that is better in other ways doesn't mean it always has to be that way – now that we have better infra it's possible to use crypto to build new experiences that cater to other needs for example, an "onchain Tinder" (whatever that means) would still be catering to lust, not greed
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richie is foraging
@richie
right, and the billion dollar question is whether being onchain helps “onchain tinder” fulfill lust better than tinder, bumble, hinge, etc already do. crypto helps greed-based products bc they are financial and crypto is financial tech, but does that advantage extend to the other sins?
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