Consumer Crypto

teddit

lots of people asking this privately but no one asking publicly

why is everyone so angry we don’t have any crypto apps

and why did we abandon integrating or transferring existing apps to be onchain

why the obsession with net new apps

[i have my own answer but steelmanning is good thought experiment for us all]

“What is the obsession with net new apps, instead of transferring existing apps to be onchain?”

> Because there are no incentives for consumers to shift otherwise 

They will not shift just because it runs on crypto rails now

They *might* shift for some novel experience, feature, mechanism powered by crypto