laura suttie pfp
laura suttie
@laur
Since I started in crypto 3 years ago, I’ve run dozens of user interviews, trying to crack the crypto adoption funnel. How does someone go from normie → newbie → savvy? Where do they start? One theme has stood out: Everyone has a friend who helps. Someone who walks them through setting up a wallet, depositing funds, and making them feel safe: a trusted guide. For me, that person was my now-husband, who onboarded me to Fortmatic (now magic labs). And when I talk to users today, the story hasn’t changed. ~40% of survey respondents cited trust as the biggest barrier to entry in crypto. And honestly, that’s not surprising given all the rugs, scams, and hacks. Trust is everything. Crypto products should feel like a friend guiding you through the process. How did you get into crypto? Who, or what, helped you take the first step?
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ted (not lasso) pfp
ted (not lasso)
@ted
cc @mark you may find this interesting
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Mark Fishman pfp
Mark Fishman
@mark
Thanks for the tag, this is interesting! I agree crypto requires trust and it's helpful to have an IRL connection onboard you. But I don't think it's actually that much different than other networks. The "DNA" of crypto is online and anonymous, and therefore the network effects are different than something like Instagram (where you may get tagged in your friend's photos). It's only a relatively recent thing that crypto can be social, so I'm hopeful that apps like Warpcast lower the bar for onboarding :)
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