Content pfp
Content
@
https://onchainsummer.xyz
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0xLuo pfp
0xLuo
@0xluo.eth
I can already feel @baseapp.base.eth becoming an everything app, you can "post, earn, trade, chat, and connect..." all in one place. It reminds me of a Web2 question: why did super apps/everything apps like WeChat, combining social, payments, and "mini-programs", thrive in China but not in the West? One reason imo, in China, people generally trust big platforms and government regulation, so they’re more willing to hand over their data and money to an all-in-one ecosystem. In contrast, Western users are more privacy-conscious, governments have fragmented regulations, and there’s more skepticism toward centralized tech giants. But in the Web3 era, the decentralized and open nature of crypto protocols and apps makes it possible to permissionlessly and trustlessly assemble an open, onchain version of an everything app. Base App doesn’t need to build everything itself, social media feeds and diverse miniapps come from @farcaster, content coins use @zora, chat uses @xmtp, dApps already exist, and even swaps are done through third-party aggregators. At the same time, it doesn’t become a monopoly or centralized giant. Any team can build a similar app, so the real competition is all about user experience. I’m optimistic that Base App will continue polishing the details and become an even better onchain everything app, more open than Web2 predecessors, enabling greater economic freedom while offering a great consumer experience.
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J Finn 🎩 pfp
J Finn 🎩
@jdotfinn
I am not really bullish on it for the reasons you mentioned. I see most of my friends into trading going on Robinhood. Social is Insta or TikTok. Payments, absolutely nobody has heard of USDC, Venmo or whatever works fine. The problem for me is I don’t think consumers like to tinker in things, they like one thing to be really well built and and simplified. Happy to be wrong, but I am fading TBA
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0xLuo pfp
0xLuo
@0xluo.eth
I get your point, it’s hard to get users to leave the platforms they’re used to, so there need to be strong enough reasons. For people who don’t want KYC, or those outside the U.S. who can’t use Robinhood, onchain stock trading could be a better option. And for risk-takers, there are higher-yield opportunities onchain. Payments could also be more seamless and efficient onchain, depending on the context. As for social, it depends on your interests, if you find your cozy corner or get rewards on Farcaster, you might stay. Of course, all of this is tough, especially making the user experience simple and smooth across the board. That’s the hard part. I’m just hopeful Base App can pull it off, so I’m staying optimistic.
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