Product
A place to talk about software products and the craft of building them
Dan Romero pfp
Why aren't there more compelling "consumer" crypto "apps"? 1. Up until recently, blockspace was expensive and slow. In the last year, that's no longer the case. Also embedded wallets / smart contract wallets / Passkeys will continue to make it straightforward to make any crypto app aware. On-ramp APIs are also much better (but still the largest point of friction for a pure consumer app). 2. It's 2024 — the consumer web is 30 years old and the modern smartphone era is almost 20 years old. Internet software is a mature industry. Obvious ideas (regardless of whether they involve crypto) are solved. 3. So if it's an existing idea + crypto, you usually getting, at best, a 10% improvement. It's not a 10x improvement. And if it's not 10x, you won't really get people many people to switch. (And for the last 2 or so years, crypto's brand association has been more negative, so if anything it's made a product overall worse from growth standpoint.) https://danromero.org/significantly-worse-or-non-existent.html
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Derek pfp
There's so many controversy surrounding airdrops and airdrop farmers right now. Many project teams see airdrop farmers as leeches, but is that an accurate or unfair description? I'm not referring to those who farm projects with multiple wallets. Let's consider this, most project teams always require PoW or PoS before you get their airdrop. They give you several tasks to complete and even disqualify if you don't meet their set requirements. If that's the case, why should they dictate how a user uses what they obviously worked for? It's different if project tokens are just airdropped to you wallet and they dictate how to use them, but surely not when you've worked for them. It may seem like the space is hard on founders, but if you have a great product you won't be worried about your token being discarded quickly. There are people who've held tokens or many years, myself included.
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It's incredible how a product team's sense of what they're building affects their outcomes. Google Talk (Chat) is a classic example to me where they had the right brand, users, and scale to transition into a wechat/whatsapp style OTT messaging app, but didn't. They apparently saw themselves as building something else. Squandered their position. Similar dynamics playing out with Apple Intelligence — where Jony's new io product's positioning will make it able to do what Apple was well positioned to do with Airpods + Siri, but has failed to because they did not see themselves as building that product. Ambient audio AI has been an obvious next step for Airpods since their original launch in 2016, but according to reports in Bloomberg and interviews, it wasn't until they played with ChatGPT in 2022 that Craig Federighi and Jony Ive independently realized how important AI would be to UX. They underinvested in H100s and it will take them years to train competitive models according to Bloomberg sources.
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