The notion that "crypto has no use case" is being quietly dismantled right now by hundreds of teams building popular applications onchain. We are starting to see the results in apps like Farcaster and FriendTech, but this is just the tip of the iceberg. (1/5)

Crypto @ Coinbase, foreign policy, political theory. yugacohler.twitter

Follow /yugacohler

These strengths attract talented developers, who create compelling applications, which bring more end users, thus creating a flywheel. 

All of this is amplified by the financial incentives of crypto. But key to all of this is that utility precedes price. (3/5)

Put another way, end users will not even know they are using crypto. To them, the application will just be a delightful experience, whether a social app or a digital collectible or a creator-fan interface. That this is all powered by crypto will be irrelevant to them. (4/5)

coinbase

At /coinbase, we are focused on creating developer tools that will allow these applications to be built quickly and easily.

Our easy-to-use APIs for on/off-ramp, non-custodial wallets, commerce, staking, etc. will accelerate the adoption of consumer crypto (5/5).

In 12-24 months, it will seem quaint that there was ever doubt around crypto utility. A bull market will help, but the proliferation of web3 will be attributable to the unique technical advantages that crypto offers, including global interoperability & permissionlessness. (2/5)

Is friendtech still popular? 
Hope it works out for Farcaster and that it can be a place to talk about other stuff beyond crypto

people usually say crypto does not address any problem. it’s hard to convince them otherwise if they don’t value ownership