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richie is foraging
@richie
In Consumer Crypto, Greed is Good
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tomu
@tomu
true that most apps with huge volume (PMF) are in that category, but i don't agree that everyone is building in that vertical, here are some apps that might achieve that mainstream level without building a casino: https://warpcast.com/tomu.eth/0x27d36890
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richie is foraging
@richie
appreciate you surfacing! do you think the apps listed in the article can break into mainstream without emphasizing earning opps? i <3 zora, but it is still a game of "pay x to post, and possibly earn y". does crypto make these 10x better than their mainstream/web2 counterparts within other sins?
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tomu
@tomu
apps like zora, rodeo etc have earning opps. any interaction with social media will trigger a transaction. so that's the onchain social we are building: "share media, but earn whenever someone remixes your content" - so for creators that's def a plus will these ones break into mainstream, i'm not sure. they still need to crack retention for crypto-natives, and sadly, the only retention that worked so far is token incentives and those are short-term solutions crypto will always have greed, but maybe we do find apps that people really want to use without thinking "what do i earn if i use it". there are few now, hope they do make it into mainstream
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richie is foraging
@richie
maybe the sequencing of crypto people first is what’s hurting us if product solves a real problem (or is 10x better) it doesn’t need to start with crypto people crypto people think about earning and incentives. mainstream consumers only think that way when evaluating competitors (e.g. early uber vs lyft credits)
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