Consumer Crypto

Books

Building /bright-moments - minting onchain art IRL | /purple #15 | FID 129 #magikarp

“It is in disruptive innovations, where we know the least about the market, that there are such strong first-mover advantages. This is the innovator’s dilemma.”

The irony of fading “consumer crypto” for not being venture scale yet is that this is precisely the gamble you need to take to have outlier results

friendly neighborhood shitcaster // working on @pinetree

Working on building zkTLS infra/products. A ruthless empiricist and meme connoisseur.

/opacity

and

/eulerlagrange

Andreessen put it in his top 2 in that interview you shared :)

It’s human nature I think

We love patterns and we over invest in successful ones

Blind spots then emerge and the cycle starts from scratch again

Do you think the dilemma is in perpetual existence or comes and goes?

Interested in human flourishing & social infrastructure

I’m just wondering if most people in crypto will keep building for “existing users” because they’re already here instead of addressing the bigger opportunity (real consumers)

I don’t think the battle is internal (crypto old guard vs new guard)

Reason being crypto incumbents are rare — nobody is established enough, though there are some exceptions like Bitcoin and Tether 

It’s with true incumbents - old world financial and information services

The question is: are existing crypto folks the first-movers? Or are they incumbents (burdened by the knowledge and experience of "infra")?

Excited for a new class of builders that actually focus on consumers versus trying to build a "consumer app" with all their technical toys

It's harder & less valued than infra so it's not worthwhile for sane folks

We gotta kill the fat protocol thesis before