Lorenzo Montero
@0xmontero
My thoughts on consumer crypto at the moment. In order for the average person to fully switch over from having a bank account to having their own self custody wallet to use on a daily bases a few things has to happen:
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Lorenzo Montero
@0xmontero
1. There has to be some incentive to spark some curiosity to try this out. 2. Reduce friction in terms of user experience. 3. Have support for payments
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Lorenzo Montero
@0xmontero
1. Incentive to spark curiosity. We first have to make crypto great for creators. Whether its for games, social media, art, music, DeFi, or something else. They then bring their audiences onto a platform they have on the blockchain.
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Lorenzo Montero
@0xmontero
2. Reduce Friction A smooth on boarding experience where the user just buys a token straight to the blockchain they want. Seamless wallets and connections like the ones with account abstraction. Cross chain transactions. Imagine buying an NFT with no funds on that chain.
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Lorenzo Montero
@0xmontero
3. Payments Ability to make daily payments. This is starting to happen with all the crypto cards coming out. All that's left is being able to recieve your paychecks in crypto and the ability to pay for something like your car, morgage, credit cards, and other loans
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