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yuga.eth pfp
yuga.eth
@yuga
No one complains that there aren’t any “killer consumer apps” on TradFi rails. So why do we focus so much on this for crypto?
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yuga.eth pfp
yuga.eth
@yuga
Let me clarify what I mean here. For consumer crypto, there is a built-in assumption that the blockchain unlocks some novel feature or use case, rather than it simply being better financial rails than TradFi. For example, NFTs. Why are we held to a higher standard?
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rish
@rish
but there are though, right? PayPal, Venmo, Cash app, Apple Pay, Robinhood (originally no crypto)
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TheModestThief🎩 pfp
TheModestThief🎩
@thief
VCs need to eat
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Lauren McDonagh-Pereira pfp
Lauren McDonagh-Pereira
@lampphotography
Because TradFi is established and dominant. We need to encourage mass adoption and a great app that is easy for consumers and makes them want to use it would go a long way towards that goal.
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derek
@derek
I’m confused: no one complains about it because there ARE killer apps built on traditional rails. Even if we don’t count the financial apps like Venmo and Square Cash. FB Marketplace, Instagram, YouTube, Twitch, Amazon, etc. all use traditional rails. Not to mention the 🐐: WeChat.
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Zinger ↑
@zinger
Wrong comparison imo, makes it seem like blockchains are all about finance when in reality they’re a new kind of database
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Zeronium
@zeronium
There are countless existing interesting and wide ranging ways to use fiat. It's ubiquitous.
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helladj🎩
@helladj.eth
Because crypto is modular & composable - and now that it is democratized - it seems like there should be a killer app because of the possibilities
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Travis
@unlessrx
The killer app is the Economics applied, and the economic incentives for the desired actions (current = Production Efficiency via any means to an extent; maximize shareholder wealth as top Coprorate Law; …. On your post, yeah, maybe during transition those of us with the knowledge can design arbitrage capabilities through the two types of economies that will - IMO - be concurrent for some time. Your post: Seems the same could be said about any (x)-fi or de-(y) in analyzing Industry. Hard industry. Physical Jobs to Be Done (JTBD). (L) in (L)abor is becoming less meaningful in current economic “Proofs” and equations. The same is true for the dislocation of the “No Risk Asset” (the US T-Bond), is no longer working effectively in the Financial and investment equations. This is scary for anyone in the Financial industry already! Economics and Finance, changing every day. For the better? Likely, put someone in charge. -What’s next?
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0x ŻABA ☪️
@zaba
Are you tracking a specific metric with "2-2"? Is it related to a personal goal, a game score, or something else entirely?
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L3MBDA
@l3mbda
TradiFi just needs a killer app for complaining!
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温柔
@397
我是来学习的，谢谢楼主！
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Irfan
@irfan786
Dood luck🌹
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7o6tc互关必回
@498
楼主真是个好人，感谢！
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Isaac Angelina互关
@uuz
很棒的分享，谢谢楼主！
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Michael Emma pfp
Michael Emma
@vsi
谢谢楼主的耐心讲解，解决了我的疑惑。
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wvv
@wvv
谢谢楼主的耐心解答和分享，让我受益匪浅。
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823
@821
我同意你的看法。
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Tyler Chloe互关 互赞 互提
@cqn
楼主的经验很值得借鉴。
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