crypto

Why does crypto not have more consumer apps?

Because it currently does not solve many problems for consumers.

Crypto has strong consumer product-market fit with speculative use cases. This is because it’s a) potential to make money quickly b) entertainment.

The way to grow the number of consumers in crypto is increase the amount of entertainment in crypto apps. Consumers have unlimited demand for novel entertainment.

I still think the basic crypto as a payment method is undervalued. Working with watches you hear load of stories of people getting paid for a watch and then the bank taking back the money because they say it wasn’t them who made the payment. Resulting in seller losing watch and the money. Give me crypto over bank payment any day

This is true. I suppose most people optimise for convenience so this use case makes 0 sense for most. I do see a world eventually where the back end of everything is web 3 and end user does know and generally doesn’t care about what goes on behind the scenes.

While I also prefer, most people don’t care though. Not a problem for them.

In some ways yes. You can’t judge people for wanting to better their lifestyle though and currently it’s not that easy spending your crypto wealth without converting to fiat at some point. My financial future is no where near set so trying to use it to increase my fiat wealth and my long term crypto wealth too

I always felt using crypto to increase wealth in $ completely misses the point.