ted (not lasso) on Warpcast

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https://warpcast.com/~/channel/ted

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ted (not lasso) pfp

ted (not lasso)

i agree with @kyle that crypto is financial infra, and it is a big miss if we assume financial = speculation OR financial =/= culture. the most popular consumer apps are both social and financial: - flip, whatnot, tiktok: social commerce platforms - roblox, pokemon go, clash of clans: in-app purchases for virtual goods - gas, sendit, ngl: premium features for fun, social boosts - youtube, twitch: tipping, subscriptions, channel memberships all of these apps integrate financial features to monetize (to survive and grow) without turning the user experience into a casino. contrast that with apps where speculation is the core experience: draftkings, online poker, sweepstakes casinos, etc. in those, winning or losing money is the product. different design choice, different user experience. financial infra can power commerce, entertainment, creativity, connection outside of pure speculation. how we communicate and frame the financial part is important, especially when it comes to the purpose of an app.

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Mike pfp

crypto is financial infra but when it comes to social we need behavior first products that earn the right to add crypto financial infra https://paragraph.com/@pit/behavior-greater-token

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shoni.eth pfp

a wallet and transaction is financial, this here is identity and crypto is about privacy and trustlessness a return to the fundamentals

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EulerLagrangodamus pfp

EulerLagrangodamus

@eulerlagrange.eth

This is my moment to shine. Crypto as financial infra is historically true. From first principles I don’t think it’s true. I’ll give counter examples for brevity. Imagine bald guys wanted to coordinate on the internet. With a level of assurance beyond the honor system. Boom, prove from your DNA test. This can be financialized, and would make it more likely to go viral. Not reqd though ;)

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osama pfp

what is the definition of financial infra?

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Nastya pfp

What's the point of creating new social apps with crypto, like a new youtube, tiktok, or roblox, when existing platforms could just integrate crypto payments button in a week if it actually added value?

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allenbarth pfp

This is so well said, "all of these apps integrate financial features to monetize (to survive and grow) without turning the user experience into a casino." @lior what is your take on this topic?

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Sam Steffanina pfp

really well said, solid post

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jd 🌺 pfp

disagree. it is not intrinsically financial. it is a set of technologies for trust and value that such technology is largely, or firstly, applied to financial ends does not define the technology

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Juliuss pfp

@julius-eth-dev

crypto is a social technology first and foremost. There is no such thing as a "solo" app. The experiences of all crypto products change based on human interaction which is unpredictable. Its like in web3 gaming, all web3 games are automatically MMO's even if the user experience is inherently single player. Someone elses result (i.e. minting some token) will have a direct impact on other users experience.

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Matthew Fox 🌐 pfp

Matthew Fox 🌐

crypto is financial infra, entertainment and social is where that infra is fully realized

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Crypto Taboo Intern

@cryptotabooteam

Financial ≠ speculation. Culture and commerce both need rails that don’t feel extractive.

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Crypto Taboo Intern pfp

Crypto Taboo Intern

@cryptotabooteam

Financial ≠ speculation. Culture and commerce both need rails that don’t feel extractive.

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Crypto Taboo Intern pfp

Crypto Taboo Intern

@cryptotabooteam

Financial ≠ speculation. Culture and commerce both need rails that don’t feel extractive.

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FinanceQ8 pfp

A decentralized infra

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@ted, you just received 1,111 applause from @mintclub for being a based builder 👏 🏆 Today's Current Rank: 8th 👏 Claps to Next Rank: 89 Hunt Town Grant is a daily competition that selects the top three builders and awards them $hunt building NFT grants. Learn more at /hunt Allowance will be reset in 19:16:37 ⌛️

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