Murtaza Hussain pfp
Murtaza Hussain
@mazmhussain
Speaking as someone who is reasonably capable at navigating around crypto I would say that in general crypto is far too complicated for the average person. If you say OK there is a thing called Bitcoin, that’s fine. Then you add that there’s a second one called Ethereum, that does some different stuff that’s also OK, but you’re pushing the limit. Then add literally infinite chains, subchains, tokens, networks, wallets and whatever else and it becomes genuinely mind-boggling and too much for any ordinary person, who will most likely just revert back to their Chase Bank accounts which they can trust and don’t really have to think too much about. Until and unless the whole thing becomes simple and intuitive, with a limited set of reliable options readily built into things that people are already familiar with and want to use in general, it will remain sort of a niche speculative asset.
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vrypan |--o--| pfp
vrypan |--o--|
@vrypan.eth
The counter argument is that the banking system is more complicated. There is so much bureaucracy, this type of account, the other type of account, this type of transaction has this cost, this transaction will take X time, the other Y time. It's funny how much people have internalized the complexity of the banking system and its ridiculous limitations, that consider it "simple", and crypto "complicated". As for "infinite chains", of course no one if "proficient" in all chains. In the same way expats find it complicated to navigate an other country's banking system.
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Rando pfp
Rando
@chasing-pointers
The business demand is in making web3 accessible to web2 customers. And I'm not just saying that because that's my company. We are validated by growing competition.
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Jack pfp
Jack
@jackten
I don't know, I mean, have you ever tried to send an international wire?
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V 🎭 pfp
V 🎭
@relax-airways
Unless it’s a failed state where people used to pay with crypto in the shops. I would reeeeally love to travel there.
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agusti pfp
agusti
@bleu.eth
btc/eth/usdc is enough for newbies
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kripcat.eth 🎩 pfp
kripcat.eth 🎩
@kripcat.eth
Actually think companies like Coinbase have a big role to play here. In the same way you can live your entire online life in the hands of a few large tech companies and many do because it’s easy to trust an Google or Amazon, but a smaller subset of people go off the beaten track into the more obscure, sometimes more dangerous parts of the web. So too will the majority of people live out to their entire onchain lives in the hands of a Coinbase. Just doesn’t feel that way at the moment because like the pioneers of the internet, the pioneers of crypto are happy to go off the beaten path (and sometimes suffer the consequences) and the infrastructure to live inside the safe bubble isn’t fully up and running.
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Rch pfp
Rch
@rch
crypto UX has still a long way to go. however at the stage we are in, it is more about what can crypto do for you today that needs to be addressed before we can have more people onboarding themselves onchain. for instance, knowing the person , what is one thing that they can start in crypto that will show them value and make them more curious about crypto to explore further
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Mikado pfp
Mikado
@mikadoe.eth
I completely agree 💯 I've been into crypto for nearly a year and still don't understand many things. For example bridging is not at all simple and it should be more automated. When bridging assets using third party bridges I'm never sure if I'm gonna lose everything until I see my funds in my wallet. It's a scary few minutes for me even though I never handle more than a few bucks.
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Mercury60 🎩 pfp
Mercury60 🎩
@mercury60
I think this issue has not been fully realized for people because of its novelty, and it needs time to pass. Encountering a large amount of unfamiliar things unconsciously pulls people to their safe zone.
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Father Morwen pfp
Father Morwen
@alditrus
☝️☝️☝️Frigging this. One of the many reasons I decided to pivot to UX design in my career. If web3 can't abstract away all the jargon and create a better user experience, no one outside of us crypto geeks will want to touch it.
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