Ryan Sean Adams (rsa.eth)
@rsa.eth
"Crypto doesn't have users" is wrong. Crypto has users. Over 560 million people worldwide now own crypto. "But owning crypto doesn't count" - also wrong. Owning crypto is using crypto. Own is the verb crypto added to the internet - own is literally the point. "So you're saying we're done here?" No. Not at all - we're maybe 5% done. Own is just the top of the funnel for using crypto - it's barely using it. Own enables deeper verbs like Pay, Lend, Borrow, Mint. Own starts with few assets and expands to all the world's assets. Our massive unfinished work in crypto is to bring users down the funnel. From owning in an ETF to owning onchain. From 1% of their net worth in crypto to 90%. From bank account to crypto wallets. Everyone onchain. Everyone bankless. We have crypto users. Next we need to convert them to crypto natives. This is our next challenge.
3 replies
6 recasts
119 reactions
Dan Romero
@dwr.eth
> Owning crypto is using crypto. It's not. As an app developer, you don't make money if you don't have people using your app regularly.
3 replies
1 recast
20 reactions
skllz.base.eth κ©πΎβοΈπ
@skllzrmy
Agree. User implies to use. To engage with and actively participate in some way in an ongoing, present tense. Owner implies to have engaged in the past tense but makes no implication toward the present. BIG difference.
0 reply
0 recast
0 reaction
HΞLiX β»οΈπ§ββοΈπ©
@h3lx.eth
Owning crypto is using it as an alternative to owning fiat. Passive use is still use.
1 reply
0 recast
1 reaction
skllz.base.eth κ©πΎβοΈπ
@skllzrmy
use verb take, hold, or deploy (something) as a means of accomplishing a purpose or achieving a result; employ. Owning crypto is a result. Putting it to work as collateral or in trade is deploying it as a means of accomplishing a purpose, AKA using it. Simply having it sitting in a wallet doesn't denote use. There is no purpose to accomplish. Owning is the purpose in that case, so mission accomplished. No more use needed.
0 reply
0 recast
0 reaction
skllz.base.eth κ©πΎβοΈπ
@skllzrmy
That's not to say owning can't have uses, just that it doesn't intrinsically include any. Hedging against various fiat inflations, avoiding fees, diversification, are all examples of uses where owning is using, but those are situational not intrinsic.
0 reply
0 recast
0 reaction
HΞLiX β»οΈπ§ββοΈπ©
@h3lx.eth
βtake, hold, or deploy (something) as a means of accomplishing a purpose or achieving a resultβ. βHoldβ Holding crypto, by your own definition, is use.
0 reply
0 recast
0 reaction
