The revealed-preference marginal value of privacy/security/data portability for median users is really really low. This might be the biggest blocker of protocol tech (I’m now using protocol instead of blockchain, crypto, web3, web5… it seems the most accurate category descriptor)

Delver at contraptions.venkateshrao.com, running summerofprotocols.com, host of /gloom ☀️

3 ways around this:

1. Increasing the stakes (eg money, passports tied to self-custody)

2. World gets a lot more crazy/apocalyptic 

3. Someone invents a use for protocol tech that’s upside use value rather than downside insurance

Thankfully(?), 2 seems like a sure bet, and 3 at least has NFT art, which is miles better than the traditional equivalent, esp. for digital art. We'll develop other use cases, but tbh don't really need to - art is a big enough market as-is. And 1 follows from 2 and 3!