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

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

Interested in human flourishing & social infrastructure

This book tells you to go down market - so rather than segmenting via real and fake, the question is who can best be served with a more minimal product?

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