brypto

Based af

New rule, if you haven’t done BD on the tech in your paper stfu

We are ten years into the Ethereum experiment and have yet to truly find pmf, so I don’t reject the point made here outright. But I would still say the biggest failing has been a lack of compassion as an industry that has resulted in thousands (millions?) of people getting rekt with no recourse. Whether that’s from hacks, scams, or perhaps the biggest, misplacing private keys. How we could have done that better I can’t say, but I think losing trust of the public by failing them so many times is a regrettable legacy. Crypto is the business of bearer money legos, and with money, trust is first and foremost. I’m not saying not to experiment with intrinsically speculative products. Clearly that’s part of the journey, but minimizing harm to innocent but uninformed can be done at the same time.

To provide a concrete example,  think pumpfun was a major net negative for the industry, but I’m very optimistic about the approach that Zora has taken with coins. Technically similar products, but with very different outcomes due to the messaging and design.