WebOfTrust

@weboftrust

1699 Following

43751 Followers

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Iterative approach is the best way to build in the market, deploy quickly, gather feedback, implement and repeat. First Degen and Moxie trying to counter spam - building on feedback.

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apart from self-custodial, one clear use of crypto is p2p transfer and remittance, imagine paying 100 USD on 10K transfer. The biggest missing piece is clear guidelines from the government.

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Frentech, had a thing going on with good hype, TGE was above average and the audience was building around it, especially on CT. Building something is a big step but making it sustainable is another

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When was the last time you did a transaction on the mainnet. Last cycle, high gas fee was a big complain but in this cycle it's hovering at 1gwei for the whole month. We can all look for an issue to blame but truth to be told, speculative side of defi is dead making 99% of dApps worthless and unusable.

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Those still building and able to survive will most probably get its benefits in the next cycle. You need time to build trust, users will come after that. Take AAVE or Curve, even if there is a better yield on other dApps, their TVL is considerably high on any chain they go. Apart from excellent BD work, the success of Base is because it carries the trust of Coinbase.

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Polynya - market is inflated and we need long secular bear, focus on long term sustainability Whole CT - eat shit eth maxi, they quit X Vitamin - crypto is not just defi, don't sacrifice ethos and values of blockchain for quick gain, identity, privacy and long term sustainability should be priority. Whole CT - vitamin is hindering ecosystem progress Feels like dude is fighting this battle alone, writing blogs, proposals, EIPs for more than a decade and still receives this amount of criticism.

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Defi is almost zero at Tron, instead of investing there, his excellency choose to promote meme. One of prominent figure in this space with more than 4M followers encouraging gambling. https://x.com/justinsuntron/status/1824595535132778860?t=1HOc5nGmwm8FlzPj39Z0SQ&s=19

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Mistakes were made. In hindsight, all that was needed was to do nothing at all. Just hold/stake

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There was a time when this could send a token to a gigantic run Market is maturing. https://x.com/coinbasetraders/status/1824072488583614574?t=tsJvGJhUHOZ0B6LY5e5l0g&s=19

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Aztec devnet is live Curious to see their approach towards regulation but excited to use it once again when they go fully live Privacy, one of the main reasons behind Bitcoin, is neglected n i hope they manage to pull it through https://aztec.network/blog/devnet-goes-live-introducing-alpha-build-with-100k-in-prizes

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1) dApp self praising unsustainable APY - not disclosing elephant in the room - impermanent loss 2) L2s boosting TVL but hiding security risk in documentation 3) Tokenless projects including L2 praising quest infested bot activity and industrial farming as growth Unicorn valuation for a project barely out of diaper, scam and rug without any accountability. There are good folks in this space, working towards sustainable growth but it feels we are making 1 step forward and 3 steps back.

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Imagine buying assets on one OP-chain and it's accessible on superchain. Hopefully it is possible to move native assets around and still be able to participate in governance. Hiding the complexity of bringing would be a huge UX boost.

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I remember using Argent mobile wallet a few years back and thinking this might be it. A wallet without seed phrases, social recovery with simple and intuitive UI. They decided to focus on only one L2, sadly having low activity and development, and giving up their upper edge. Rainbow is unstable, only working so far is CB and Zerion but not yet Granny ready. Soulwallet looks promising.

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Once fast, cheap and high hype bundled with VC backing is out of the top 20. https://www.coingecko.com/en/coins/polygon Although their ecosystem continues to grow, lack of incentives might be pushing developers and user activities to other chains with incentives. This is a vicious cycle of incentives driven by engagement, jumping from one to another.

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For most, its relatively safe to keep their fund on CEX than to manage their own wallet/self-custody. Self-custody increases attack vector and chances of making a mistake, falling for scam and even threat of life. If a CEX is attacked, there is a chance that they will make you whole. On smart contract/DeFi attack, your fund is lost forever (Ronin bridge hack $600M) or pray that hacker has a change of heart (Poly $610M hack). Poloniex ($125M) -reimbursed Coincheck ($500M) - one of the biggest CEX hack as of today - reimbursed Bitmart ($100M) - reimbursed FTX - Jail ?? To make things complicated, project building with long term goal, if attacked at early stage cant reimbursed their users because treasury is low on fund. https://media.tenor.com/gfSWsxaDN78AAAAC/south-park-its-gone.gif

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Someone here might be able to help

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Join me in welcoming @luckyhooman.eth , a delegate and Citizen at /optimism Working on DopeWar - a crypto strategy game And a community member always brings strength and positive vibes where they go.

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I've always wanted to try gif cast, testing via action

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Industrial sybil is visible more than ever, almost all airdrops received negative feedback. What we can do is work together to improve the approach and thanks to @benido for taking the initiative to gather feedback to counter this challenge. Even if this is focused more towards Starknet, suggestions could apply to other projects too. Would love to hear your feedback and suggestions. https://community.starknet.io/t/collective-feedback-on-improving-provision/114371

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A wallet that works

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