@panbi
The crypto industry keeps talking about “onboarding the next billion users,” but the real question is: who owns them? Will it be centralized apps like Coinbase, Binance, and PayPal? Or open wallets like MetaMask and Phantom? Or maybe UX-native platforms like Telegram with Ton integration? The next distribution power isn’t exchanges—it’s apps with millions of users and zero crypto baggage. Whoever controls the interface will control the money. And right now, that might not be any crypto-native team at all.