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Dan Romero
@dwr.eth
Why aren't there more compelling "consumer" crypto "apps"? 1. Up until recently, blockspace was expensive and slow. In the last year, that's no longer the case. Also embedded wallets / smart contract wallets / Passkeys will continue to make it straightforward to make any crypto app aware. On-ramp APIs are also much better (but still the largest point of friction for a pure consumer app). 2. It's 2024 — the consumer web is 30 years old and the modern smartphone era is almost 20 years old. Internet software is a mature industry. Obvious ideas (regardless of whether they involve crypto) are solved. 3. So if it's an existing idea + crypto, you usually getting, at best, a 10% improvement. It's not a 10x improvement. And if it's not 10x, you won't really get people many people to switch. (And for the last 2 or so years, crypto's brand association has been more negative, so if anything it's made a product overall worse from growth standpoint.) https://danromero.org/significantly-worse-or-non-existent.html
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Matt Rogers
@mrogers.eth
Yeah, “Come for the tool, stay for the network” only works to grow a network when you have a tool that is new or 10x better. This seems like the biggest reason why onchain versions of existing web2 apps will have trouble crossing the chasm. Token incentives less effective than new tools for bootstrapping a network because users and speculators get conflated, whereas using a new tool is pure utility
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