Reddit Posts
Is there a crypto wallet or app that would be suitable for my extremely non-technical elderly parents?
11 Bitcoin ETFs Live charts. Tiiiny pitch, but you WILL like it. Pinky promise
Focus - The Crypto Social Network - Whitepaper
Steakd Hospitality Solutions - We are building an ecosystem of web3 technologies for the food and hospitality industry.
Is User Error Inevitable in Crypto? It’s Too Easy to Make Costly Mistakes
Buy and sell bitcoin in your neighbourhood with cash (my open-source project)
a16z and VanEck crypto trend picks for 2024
Buy and sell bitcoin in your neighbourhood with cash (my open-source project)
Chappyz | AI powered plug-and-play protocol that helps build REAL community | BSC Gem
Chappyz | AI powered plug-and-play protocol that helps build REAL community
Chappyz | AI powered plug-and-play protocol that helps build REAL community | $7m daily volume
What platform is the best to DCA/accumulate BTC and then transfer to a cold wallet weekly?
Mainstream crypto = Mainstream UX | Does such a thing exist yet?
The Bridging Divide between Traditional Finance and DeFi: A Closer Look
The Bridge Between Traditional Finance and DeFi: Exploring the Challenges and Possibilities
The Bitcoin stack in Cosmos: How Nomic BTC bridge and Babylon Bitcoin timestamping work
A VM on the EVM. Could this be something big for DeFi UX?
List 3 of the biggest UX problems in Bitcoin right now.
List 3 of the biggest UX problems in Bitcoin right now.
If there is a next generation crypto wallet, what are the top 3 things you would expect from it?
Caution: Your bank account could get frozen because of P2P trading.
asTech Soft - Your Web and Mobile App Development Expert
The Barrier to Mainstream Crypto Adoption Isn’t UX — It’s Product-Market Fit
The Bitcoin stack in Cosmos: How the Nomic BTC bridge and Babylon Bitcoin timestamping work
What We Need For Mainstream Adoption and Can We Except It?
Mentions
Last time I used it, the UX was absolutely terrible… hopefully they have easier ways to store and move it now
I think you need to look at revealed preferences. When the UX of buying Bitcoin is a hurdle then the negative noise is enough to steer people away. But what the ETFs and Strategy vehicles have shown is that when buying Bitcoin (or a 1-1 proxy) is functionally the same from a UX perspective as the types of assets people already buy then you do get a flood of inflows from people too nervous or busy to create an account on an exchange. The next wave is US banks, which will likely be able to support Bitcoin purchases within the bank apps, which will feel much like moving from your current to your savings accounts. Europe will lag behind due to the regulatory hurdles, but the growth of Bitcoin from US savers will put pressure on European politicians who are inhibiting growth. You'll probably see Brazil and Argentine and other South American, Russian and East Asian (Japan, Korea, Taiwan) banks following the US banking system by supporting easy access to Bitcoin, and the argument then will be showing proof of reserves. Europe will need massive political upheaval before we catch up.
Yeah so the best UX would require none of that. Self custody is a trade off at this point, with poor UX being the biggest negative. A centralized solution could ease those issues for people who don’t care for self custody.
> VRF used by individual players within gaming environments. [https://pentagon.games/](https://pentagon.games/) >[https://ccip.chain.link/](https://ccip.chain.link/) >Operates wallet to wallet on the majority of txs. Only differs when it has taken over things like ronin bridge or whatever. You obviously don't understand what B2B means. All the B2C is the app. Link is the B2B infra powering the app. By your logic, all wholesalers are B2C because their input eventually ends up in a product consumed by the end consumer. > [https://chain.link/education-hub/proof-of-reserves](https://chain.link/education-hub/proof-of-reserves) Exactly like I thought. You thought you could get away with smashing a bunch of buzzwords to pass an argument. The link proves it. You don't even read your own link. Let me quote: > To power the TUSD Proof of Reserve reference feed, Chainlink oracles fetch data from The Network Firm, which performs regular reviews of TrustToken’s escrowed bank accounts. All the auditing is done off-chain. All Link does is feed info provided by the issuer, not verify it. Any oracle can do that. > Read the stablecoin act. Try reading your provided material first. > So you agree, the value capture is not on the L1. It is data and protocol level? How the fuck did you get that from reading what I wrote? Somehow you think vertical integration of protocol and data value capture means there is no value capture at the L1? WTF? The L1 value capture is always at the social level. Without any network effect on the L1, no one gives a fuck about your RWA and other Oracle nonsense, because ppl will just use TradFi platforms for cheaper and easier access to the same asset classes provided by RWA. > Traps you in the chainlink standard, on whatever chain/s you want. LOL. No. Assets are tokenized at the DA and execution layer. ChainLink does neither. The messaging protocol doesn't tokenize an asset. It simply sends messages across chains to mint and burn tokenized assets. You don't even understand the basic modules of a blockchain, and here you are trying to pretend otherwise. Why do you want to embarrass yourself like this? > The value in blockchain is cost savings and freeing up illiquid assets? I don't know what you are talking about. Throughout crypto history, the market has resoundingly said that the value provides a decentralized SoV. Blockchain doesn't cut costs and UX complexity. These trappings come from securing a decentralized SoV and self-sovereign assets. That means everything else is secondary. RWA is not even self-soveriegn by the very design. > Are you trolling me? You don't seem to know a lot about Chainlink, but you are acting as if you do. I am tired of this retarded discussion. You have a very cursory understanding of things. Have no more energy and time left to educate you.
>Wrong again. CCIP users are the bridging protocols. But that vertical has much more competition, from LayerZero to other intent-based protocols. VRF is again used by apps to generate random outputs. VRF used by individual players within gaming environments. https://pentagon.games/ https://ccip.chain.link/ Operates wallet to wallet on the majority of txs. Only differs when it has taken over things like ronin bridge or whatever. >WTF are you talking about? Proof of reserves is done at the off-chain level, either via some Merkle tree proof or a third party audit. https://chain.link/education-hub/proof-of-reserves The result of proof of reserves is pushed to protocols using the stables. Risk management. Read the stablecoin act. >They want closer integration of value capture across their portfolio. For example, if they own a protocol issuing real estate RWA, they want to make sure the same protocol is using an oracle they own So you agree, the value capture is not on the L1. It is data and protocol level? >The one who owns downstream and upstream supply chains has the market power to decide who owns the middle. If they own the asset issuing base and the customer relationship, then they have the market power to decide on the oracle. >Link doesn't issue assets. Those who issue assets will favor the oracle they own and use it instead. Link has no moat here. You can tokenize assets using Chainlink. Bakes in their cross-chain token standard. Traps you in the chainlink standard, on whatever chain/s you want. https://tokenmanager.chain.link/ Tokenmanager is a beta for CRE(chainlink runtime environment). Which will be pushed out by SWIFT. I suspect it is being used by DTCC based on their previous work together on [NAV data](https://www.dtcc.com/dtcc-connection/articles/2024/may/16/smart-nav-pilot-report-bringing-trusted-data-to-the-blockchain-ecosystem). >The data is pretty strong in showing where blockchain "yield" happens. It is at the SoV value. You all trying to gaslight ppl into overvaluing basic TradFi stuff at higher premium without justification. The primary attraction is crypto native assets. Off chain assets are secondary in interest and have better Web 2 outlets to provide better UX and exchange fluidity. Isn't the entire aim to bring those assets on chain? The value in blockchain is cost savings and freeing up illiquid assets? Are you trolling me? You don't seem to know a lot about Chainlink, but you are acting as if you do.
> Depends on the product; data streams, VRF, CCIP. Can all be considered a per user basis. > Wrong again. CCIP users are the bridging protocols. But that vertical has much more competition, from LayerZero to other intent-based protocols. VRF is again used by apps to generate random outputs. > Currently the only oracle in town equipped to provide proof of reserves/liability. WTF are you talking about? Proof of reserves is done at the off-chain level, either via some Merkle tree proof or a third party audit. > Which is required via the stablecoin act. You can't audit a stablecoin reserve with an oracle. WTF are you on about? For example, there is no way ChainLink can know if Circle has enough treasury bills unless ChainLink can access Circle's accounting books. Using random buzzwords to faze ppl into a nonsensical argument doesn't work here bud. > They understand where the value lies. They want closer integration of value capture across their portfolio. For example, if they own a protocol issuing real estate RWA, they want to make sure the same protocol is using an oracle they own. It is called ***VERTICAL INTEGRATION*** in business lingo - read it up, bud. > I personally think it is too late for them now. The one who owns downstream and upstream supply chains has the market power to decide who owns the middle. If they own the asset issuing base and the customer relationship, then they have the market power to decide on the oracle. > Settlement will be free. It is low in fees but not interchangeable. Hence, you get a sticky network effect. Interop solutions are being pushed hard to compete at low margins and become more composable. Hence, they will become more substitutable. > Value will only enter public permissionless chains to interact with protocols for yield The data is pretty strong in showing where blockchain "yield" happens. It is at the SoV value. You all trying to gaslight ppl into overvaluing basic TradFi stuff at higher premium without justification. The primary attraction is crypto native assets. Off chain assets are secondary in interest and have better Web 2 outlets to provide better UX and exchange fluidity.
Honestly I just want the UX of a CEX with the transparency and custody of a DEX. I use Prerich to track assets across wallets — makes the DeFi part a little more user-friendly at least.
It really depends on how tech you want to get. Look for something that’s open source and bit only. ColdCard, Trezor (later models) and BitBox02 Bit only version spring to mind. When I didn’t know any better, I opted for a Ledger device. It had Bluetooth, it was easy to use with my phone, it got my coin off the exchange, etc. it was an okay choice at the time. Since then, Ledger’s been hacked, they’ve also released the ability to export keys, then there’s all the users with actual hardware complaints. Add to that my increasing knowledge of the space and how Ledger tech is very dated, closed-source stuff. Their latest product has some sick UX, and I really wanted that user experience. But under the cover, it’s still the same old tired tech. When I started to really look into it, my confidence n Ledger as a product started to wane and I looked elsewhere. I ended up with BitBox02 bit only. I love it and have no regrets.
Even more concerning is all the comments in this thread that are okay blaming the victim, in fact many would borderline argue he deserved it for not being careful. It's a prime example of people accepting some of the worst UX known to finance so deeply that they don't even consider fixing it as a priority. Every man for himself. Doesn't need to be like that.
Serious question: why do you believe this isn't already a reality? I know it isn't groundbreaking, and that too many developers are chasing profits for worse reasons, but I would still consider this common sense security/UX.
\> this "social engineering" is a stretch if you understand the origins of the term. I have no idea what are the 'origins'. I know it's used to distinguish it from regular hacking/breaking in/stealing in that you use human victim's actions to gain access to whatever you're after. Fits the bill in this sense, but I understand it's not the usual sort of social engineering. \> you accept irreversibility so that's not at fault You have to accept it, but that doesn't mean it's also not a fault. It certainly is in cases of theft and mistakes. I know irreversibility is in the core of the blockchain tech, but I think the UX needs to improve so we don't sweat over long strings of gibberish.
It's both. The social in social engineering is convincing user to do something they don't want. That's what the bot did. The system flaw is the address UX and irreversibility.
Alright, here's some first use feedback in case its helpful: \- Added my first purchase, really expected the amounts and price to be automatically adjusted based on the purchase date. So for instance if I added a $100 purchase from Oct 2020, I'd expect the empty fields to be pre-populated (BTC Amount => 0.0108...; Price per BTC => 9200); \- When closing the Purchase dialog, I'd expect the fields to be cleared when reopening it, right now they are persisted. Maybe add a confirmation before closing to prevent accidental data loss; \- Overall, like someone else suggested in the comments, this app is screaming for bulk import. I honestly can't imagine users spending hours entering every single one of their transactions manually. Could start with your own CSV import format, then gradually support formats/API from the major exchanges and trading platforms, filtering for the Bitcoin ETFs, possibly also allowing people to input public addresses and using the inbound UTXOs as "purchases". Sky's the limit here, and definitely a ton of work, but it feels crucial to this type of app IMHO; \- Regarding the data encryption, where is the key stored? I'm assuming local storage, but it would be nice to communicate this somewhere (best place probably in settings?). That being said, love the UI/UX, and the inferred data and how it's presented is sleek and interesting.
I agree with the guy, that Crypto is too complicated for normies. That's why i am investing into userfriendly Crypto for normies with great UX and UI. Haven't heard anyone talk about it yet, since us crypto natives tend to circle jerk about the 10th new consens mechanism rather than attracting new customer groups. So i am fairly confident that i am early on this one.
I would not use any of the exchange wallets like trust wallet or whatever coinbase or binance self custody wallets are. They suck. I really like blue wallet. I think it is really solid and has simple UX if you’re newer to self custody. It is usually what I recommend to everyone. Also, it is very easy to just send it from there to the exchange if you want to sell some.
The user experience of crypto is that it is hard to use. The innovations we need for adoption is improving UX. If exchanges started telling us the most common problems their helpdesks had that they couldn't fix due to it being a protocol issue than we would know what needs to be made more foolproof. Bitcoin didn't have an address format with a checksum until it was introduced in January 2009, part of innovation is making stuff more idiot proof, because we can all be idiots at times.
As opposed to what, Cardano that was #3 in mid 2021 without even having smart contract capability? Or xrp, who's founders gave their foundation 80% of the supply and now have a mere 55%? \> Crypto is supposed to be bulletproof, not “oops, we’ll reboot it.” No, not really, decentralized networks DO have growing pains, especially if you want to do something more ambitious than some eth fork that tweaks a few settings in order to be faster at the cost of decentralization. Solana is just that - they were ambitious enough to change the VM, implement localized fees so that you can have a hype NFT mint that people are paying infinite for and a cheap defi transaction go through in the same block, introduce another language that is more realistic for safety/performance + attracting devs, and due to this ground-up engineering task, the network has had some growing pains. So investors are willing to bet on it over most other chains, and bet that the outages will be engineered out of existence. It's not that crazy, especially given that the rate of outages has gone down and the chain has handled more volume than literally any other smart contract chain while staying up and keeping fees cheap. The UX is also way nicer than anything on eth/cardano/xrp, and it captured retail minds - all my normie friends who have done anything in crypto the last 2 years have done it on Solana. All positives adding to the investment equation. People here love to talk about Cardano, Algo etc and cite their uptimes, but they have NO IDEA what those chains would do if they had to deal with 1 straight month of the type of volume Solana was getting during peak meme season. Solana is just genuinely one of the top tech plays in this space, sure the downtime is a risk, but it's all part of the equation
Check out Sui. Faster than Sol, lots more bells and whistles, and has killer devX. If you’re going to sacrifice decentralization for UX, why sacrifice?
unfortunately such issues can slightly slow down crypto adoption if not resolved- because "people with no much technical knowledge hearing about such incidents will b afraid that they might b the next to face a similar outcome at anytime". i think that Revolut’s UI/UX failed to clearly differentiate between the 2 Polygons "although they could easily do so!", also If the centuries old traditional banking can reverse a misrouted transfer- why can’t a *licensed "fintech"* retrieve digital tokens "that doesn't want"!?, Yes user error happens, but Revolut’s vague instructions and refusal to assist weren't great also!, sometimes Exchanges design flaws cause confusion!. finally why do they have the "Polygon (bridged)" choice if they don't support the tokens on it!. "Time for better standards & clearer regulations"
Just a friendly heads up: Nowadays, there are many DEX with great UX und UI. There is no need to get ripped of by a CEX. Most offer easy access to staking through a third party. Even off-ramping crypto, which was the last USP off CEXs, can now easily be done through a DEX. I understand your frustration, but with staying on those ripp-off-CEX you validate their practices.
Because we have not seen broad user applications built on chain yet, the market is largely narrative driven. Eth’s marketed narrative does not match its UX while coins who sacrificed decentralization and security for good UX seen like much better networks from a user perspective. Also being smaller market caps make them easier to increase in value. Not saying who will come out on top or not though.
There is no undervaluation, no matter how often the ETH Stans keep parroting it. And not a single soul will ever care about it company Y uses it for X purpose. No amalgamation of fancy bullshit bingo words will ever make a regular guy go "Man, that's awesome!" the entire UX around crypto is ass and there are very few uses that aren't entirely hamfisted. I read them all in this sub, and they never cease to sound delusional. BTC is only worth as much as it is now, because it's the OG coin. All there is to it.
Don't use Jade, bad UX and insecure chip. Use Passport Core or Coldcard instead.
Actually it does not even have to be this gloomy for it to happen. Just look at all the debt the U.S. has collected. Just the interests on it alone is already a huge burden. In my eyes this is just a ticking time bomb. Rolling over the debt only works if the market trusts the U.S. government and the dollar. To put it mildly, trust used to be better. Printing money is also not going to be a solution. I am not saying Bitcoin is going to replace the dollar. But if I were the market and could think completely rational, I would opt for a currency that is not under central control. User experience (UX) also has to improve for wider adaption. The U.S. is green lighting banks to hold Bitcoin for customers. I am not a fan of this, but it helps the rate of adoption.
The UX seems a bit janky at the moment. I would find it easier to pay with gift cards purchased with Bitcoin, which I can scan at the till, and this is supported by most supermarkets already. So I'm not sure what the big deal is here. Also, how does the static QR code carry the amount, do I have to type it in on my phone? I paid for my meal in a restaurant in Florence and it was a breeze, but they used a phone so the QR code was dynamic and carried the amount.
This sub is probably the worst place to ask DeFi question because huge majority never even leave CEX, or at best simply keep the tokens in their wallet. You can try practicing LP on Meteora. It's just Uniswap concentrated liquidty but much better UI and UX. Lots of strategy can be applied with LP. You can DCA In, DCA Out with single sided liquidity. Or simply trying to get fees on memecoin
Ethereum didn’t really live up to the hype. When gas fees were crazy few years ago, everyone thought L2s would fix everything. Tons of them popped up, all promising cheap and fast transactions. But most didn’t catch on because the UX sucks. Nobody wants to deal with bridges and extra steps when other L1s are faster, cheaper, and just easier to use.
The burden of proof is on you as you are the one claiming that our product is full of CVE, while there's only one that I was able to find and it is the exact same you mentioned. the only way to execute this exploit would be with an attacker having access to not only the device, but very specialized hardware, as all they can do it partially recreate contents of the display with very specific voltage manipulation, [link to the exploit](https://www.cvedetails.com/vulnerability-list/vendor_id-22279/product_id-75108/year-2019/Shiftcrypto-Bitbox02.html). Users can also check everything we build by themselves by simply going to our [Github repo](https://github.com/BitBoxSwiss), all our build are reproducible and completely open source, we also got 3rd place in the [Cybernews Business Digital Index](https://cybernews.com/business-digital-index/) on the Tech company category and 6 place overall, an index that provides a rating system that offers a clear overview of an organization’s cybersecurity health using available data from external sources. Airgaping can reduce attack surface area in very specific setups, such as government setups, but there's a big, if not huge difference between a setup for not leaking sensitive information that could come at the cost of national security risk and a setup for signing cryptographic keys, in the second case, not matter how complex or professional a setup is, an attacker will always need access to the device, thing for which airgaping adds absolutely nothing. The only thing where theoretically airgap would help is in preventing remote writing on the device's firmware, but that's why secure chips, authenticity checks and encrypted local communications exist, which makes again airgap just redunant, making the UX cost of it not worth it. I'm all for being proven wrong, so please do.
FWIW, I've been in crypto since 2018 and not just investing but building dapps and startups. What I can honestly tell you is that crypto has no other use than for DeFi and speculation aka gambling. So, gone are the days when we believed it would fundamentally change the world as we know it. I started a few Web3 projects, and the traction since 2024 is just appalling. Even though Web3 could work for some sectors, it is just too complicated to use (poor UI/UX) and filled with frauds that cringe every newbie who dares to enter. So, fundamentally there's not much use for crypto other than hedging or gambling I supposed. As a form of digital currency to replace fiats? Dream on, with such volatility and yet ironically it's these swings that made investors fall in love with this unpredictable arena. Case in point is ETH. I built lots of dapps on this chain and look at the quiet traffic now. Gas price is super cheap now. It costs barely 5 bucks to deploy a smart contract now compared to $600 to $1k in 2023. No one is going to USE Web3 for what it was intended. We can forget the others like ADA (another ETH), SOL (technically a fraud if you ask me) and AVAX (and another ETH). Light in the end of tunnel? BTC perhaps. At least that's where I put my money.
On airgaps, let me give you my own opinion (that's why I'm making a different comment so we can have a conversation not related to my work directly if you are open to it): they are just marketing gimmicks, all Airgaps do is add more UX complexity, which can be conflated with more security, thypical "security by obscurity". A good example of this in practice is [Dark Skippy](https://cointelegraph.com/news/dark-skippy-method-can-steal-bitcoin-hardware-wallet-keys), the only two wallets that are not affect by it are not air-gapped, and guess which two wallets are those: [BitBox02 and Blockstream Jade](https://darkskippy.com/mitigations.html). I always equate air-gap as waering gloves in a production level kitchen, it gives the client the ilussion of the food being clean because hands aren't touching their food, but not wearing them is better because people actually wash their hands and feel the dirt in them when the don't wear gloves, airgaps are the same here, they add nothing, but they are great at selling the illusion of security.
I’ve been poking around JetBolt for a couple weeks now, and I honestly think this might be one of the most overlooked projects out there right now. The thing that hit me first is how *complete* it feels. Not “whitepaper complete,” but like... *usable* from day one. I tried the wallet, staked some tokens, and made a few transactions—and everything just flowed. No gas. No weird hoops. Just pure utility. The way they’ve implemented WebAuthN for wallet access is genius too. You sign in with FaceID or biometrics, and you’re instantly in—no seed phrase stress, no extension required, and you’re still in full control of your assets. It’s self-custodial, secure, and dead simple. That alone solves half the onboarding issues we see in Web3. But the more I dug in, the more it became obvious that JetBolt isn’t just trying to patch up the current system—it’s rethinking how users and developers interact with blockchain entirely. Gasless transactions might sound like a gimmick, but when you actually *use* a platform that just works without worrying about top-ups or bridge fees, it clicks. This is the kind of stuff we need if we want mass adoption. And as a dev, seeing how easily JetBolt can be dropped into any dApp with a few lines of code is wild. The SDK is lightweight, and the iframe security model shows they’ve actually thought through the edge cases. And the PAW staking system? Total game changer. It rewards *daily interaction*, not just holding and forgetting. The longer you show up, the better your rewards get—and it even lets you support friends by adding them to your favorites list, which gives them a percentage bonus. It’s such a clever way to keep users coming back, while building a real community vibe. Point is, JetBolt isn’t just another “next-gen blockchain” pitch. It’s a functioning, live product that actually makes crypto easier, faster, and more accessible. It’s got the tech, it’s got the UX, and it’s got a very solid shot at being the standard other platforms will chase in the next cycle. I'm already in, and honestly, I'm here for the long haul.
The best UX tbh, others exchanges look like casinos I hate it
BTC is massively overinflated. It's a coin without scalability. The only reason why it can be holder by so many is because 98% of the people is using an intermediary to do it, a CEX, an ETF, a Bank..... What a fucking joke. Solana has much more organic activity than any other coin. It scale, it's used by the new projects that want to have a real application, like Render, Helium, Paypal stable coins, the Black Rock BUIDL 1.6b fund.... Things that cannot happen in Bitcoin,, or in Ethereum layer 1 (and layer 2 is a centralized mess and UX nightmare) I find it funny when Bitcoin maxis are so arrogant
I like Kraken's UI/UX. Easy to navigate and use. It also makes it easy to onboard my normie friends so that they can tap into decentralized finance. Question: Why doesn't Kraken add Decred instead of all of these junk meme coins? I know in your hearts you don't like to add the scammy solana tokens that will go to 0 one day.
Best UX in the business and security. The day Kraken f'\*\*ks it up, it's game over for crypto.
Honestly people forget how big the WalletConnect Network is…. 600+ wallet partners, 50,000+ apps supported, 250M connections and 40M users Scaling the network to provide highly reliable and performant service across all chains and around the world is not an easy task We had many challenges ensuring the smooth UX but we are really proud of what we achieved so far We are ready for the first Billion users!
Obviously we understand the skepticism but this developer registration was critical to scale the WalletConnect Network while ensuring the best performance and reliability Eventually we will see many different Gateways for developers to register their WalletConnect projectId This is something that WCT will enable and its a top priority for the UX Council to push forward as part of the roadmap described in the WalletConnect whitepaper
This obviously is a big topic within the WalletConnect ecosystem and we are working together with our wallet partners to provide a better UX One of our biggest features that we developed for Account Abstraction is Smart Sessions which will reduce the number of clicks it takes to connect your wallet and approve signatures We are also working on newer features that provide Chain Abstraction support to ALL wallets in WalletConnect
Thanks for joining us! How do you see developments in account abstraction improving UX? Any potential downsides or risks of AA to note?
*The demand surge isn't surprising when fiat systems wobble, people instinctively seek hard money. But let's be real: wanting Bitcoin ≠ mass adoption. Until UX improves (no, grandma shouldn't need a 12-word seed phrase to buy groceries) and volatility stabilizes, we're still in the 'digital gold' phase. The real tipping point? When hodling stops being a meme and starts meaning using BTC as actual currency*
Crypto isn't just for speculation anymore — it's becoming a real payment layer. The rise of **retail & F&B adoption** shows: * Merchants want lower fees * Users want spending utility * Crypto is quietly becoming "money" Imagine when UX catches up 👀
I’ll help you out here Synchronicity is an issue l2s are facing because they do not play well with each other. Sometimes it can take 7 days to transfer from one l2 to another. The UX is really poor because it doesn’t feel like one network and it is fragmented. Solutions: Based Rollups, use the l1 sequencer for transaction ordering so all based Rollups are in sync. Drawback: transaction finality is now tied to the l1 block time which isn’t a great UX. Preconfirmations are being worked on which could bring finality down to 1 second or less. The l2 superchain, where a bunch of l2s share a single l2 sequencer. The goal is to abstract all these methods away to make the user experience just works without any technical know how, so you won’t have to be overloaded with buzzwords anymore :)
Don’t feel bad for the true ETH bros. We are pretty happy with the direction we are headed in. Synchronicity, scaling, and faster finality and the general UX are all being worked on with multiple teams working on different solutions. The benefit with Rollup centric roadmap is we get to try out different methods and see which one is best. With the largest developer ecosystem with hardcore cyberpunk values and very intelligent leaders, I think the future is bright for ETH.
It does. You asked why the free market would adhere to them. I told you, cash doesn’t need KYC. It is relevant because KYC reduces the market access and interest in these assets. Lower demand means free market makes them weaker assets in the long run. KYC at CEXs is inevitable. But the UX would be insufferable if you start KYCing at every level.
Exchange -> Kraken pro => The fees are great, the spread is minimal, the UX is good Wallet -> Tangem => Cold, never hacked, top of the line chip, affordable, UX is very good.
I will say it again, it is a stupid VC narrative. VCs' edge is to get deal flows, so they need to create fictitious problems to put their LP money to work and collect fees. Crypto can be a useful payment rail, that is true. But every payment rail needs adoption and human pulse on it for it to economically function. The blockchain user set would drastically decrease if the main purpose is to send stablecoins. No American want to come onto this horrible UX just to hold a tokenized version of their money they can sit on their bank accounts.
Oh I completely agree with you on that part, the UX is terrible and the deterministic dice function is still dangerous, even if less so than it was when it launched and allowed too few dice rolls.
I am quite sure that you accidentally ended up in the deterministic workflow, no the mix-in one. (Which is confusing as the UX is the same for both once you enter)
The reason why eth is doing poorly 1. Still no fix to make UX good - moving around tokens through different L2 combined with shitty meta mask experience is just a nightmare. 2. There is no App that had any mass appeal for longer than a brief moment and even then it only mainly attracted native crypto people. 3. 1.4 bil dollar hack happening on ETH infrastructure at one of the biggest exchanges with 0 funds returned pointing out again to biggest security flaw of the network 4. Trump family shilling ETH
Hmm 🤔 it’s interesting. I’m a UX designer and I come from no financial background and I have 0 knowledge in programming and yet I was curious enough to try to understand bitcoin. Meanwhile my software engineer friend literally worked at a bank and still don’t understand or believe in blockchain and bitcoin.
> Even if you don’t love ETH Let me be clear. I hold more ETH in $ value than any other top 10 alt L1 at this moment. I just can't stand how you all are butchering this asset. > from an investing standpoint? Ppl want to invest for the "future". They want a growth story, not a replication of TradFi story with shittier UX. They want to know, "hm, here is my TradFi portfolio, I got all the regular FinTech, Mag 7 tech, etc. ***So what am I missing if I skip crypto***?". When people look to diversify their investments, they want to know what ***new vector of future cash flow*** they are. But when you put up that poster, people would think, "Oh, so ETH is competing with Robinhood, Western Union, or what?" Why should I be confident ETH is a good competitor against those? That is why BlackRock even mentioned AVAX as a possible competition for ETH. All alt L1s can do it. That poster gives no differentiation. In fact, TRON probably does shit even better in those vectors, e.g. stablecoin transfers. Now imagine SOL ever gets an ETF. They can show the same shit and say it is also "faster". And investors would say, "oh shit, that makes sense. Faster stable coin transfer is good." Now you are fucked ETH hard, because the SOL ETF sellers can easily add more shit to make this thing look weak. If you hear TradFi's whisper, they like Bitcoin's digital gold, because they think the narrative is hip with "YOUNG PPL". The story is, "young ppl" will inherit their parents' generational wealth and they will vibe with "Bitcoin" more than gold. See? Now you have a narrative about future cash flow, aka the next generation. Now boomers with TradFi portfolio holding gold would think, "damn, maybe they are right, I should allocate some that to Bitcoin. Maybe gold wouldn't be as appealing to the younger generation and my gold portfolio might miss it." See the magic? ETH should do that too. It should be a story about ppl, especially about appealing to the younger generation, more than anything just vanilla tech related. This vanilla tech is just VC marketing pitch to sell more tokens at TGE.
The perception towards alts has significantly changed. In 2022, there are broadly two classes of buyers for the alt market. 1. Traders who saw alts as the faster horse than Bitcoin. These are the types who leverage up alts as "beta" play on Bitcoin. They are also the types who create large swings as they get liquidated. 2. Retails who brought alts believing they are "actual alternatives" to Bitcoin. Back in 2022, retail still saw "smart contract" with a lot of hopium and optimism. Over the bear market, the reality hit them hard, not only the UX and the lack of real adoption in the smart contract, but also they got rugged hard by projects. Category 2 is the group that does a lot of passive bidding and DCAing, helping adults buffer from BTC's fall. Darwinian forces did a good job on them and thinned the herd aggressively over the bear market—many have not come back. Now you start to see type 1 becoming more dominant over time, while type 2 is declining. Consequently, you get more aggressive moves because type 1 tend to create aggressive moves rather than hold and DCA.
If you're okay with providing personal identification(KYC/AML measures) Kraken Pro platform has extremely low fees and a very good UI/UX with all the market insight you could ever ask for.
I’ve been deep in DeFi for a while, and honestly, you’re not reaching at all. The biggest hurdle isn’t just innovation, it’s getting everything to work together. Security, low fees, compliance, UX, and liquidity all need to align. Often platforms get a few correct, but not all. I’ve been watching deUSD and Elixir lately. deUSD is solving liquidity fragmentation, and Elixir is making LP rewards more efficient. I’ve seen solid staking and LP opportunities from both. At the same time, I see how platforms like Bitget’s Launchpool makes earning from DeFi simpler, no stress over impermanent loss, just easy staking and rewards. If we should ever get a protocol that merges all these elements seamlessly, we are in for a treat, DeFi won’t just challenge TradeFi, it’ll dominate.
I don't agree, I think Eth has some fundamental architectural flaws and the solutions all require complex UX and systems to even come close to matching the performance and usability of better designed blockchains. Even if it was cheaper to use I would see no reason to switch, the cost is one of a plethora of problems. It feels like a prototype of a programmable blockchain, and if it weren't for the market cap it obtained by being a first mover in programmability it would have been abandoned a long time ago.
If everyone moved to Eth and existing L2s the whole ecosystem would grind to a halt and people would be scrambling to fire up more L2s, which would just make the terrible fragmented UX even worse.
Exactly. True data ownership is a massive shift, but seamless UX is the key to mass adoption, IMO. Web3 has been pushing for this, but it’s been a struggle to balance decentralization with ease of use.
Blue wallet is a great wallet. Probably my favorite iOS wallet. Simple and easy UX but also has some very good, more “advanced” features. I would consider any mobile wallet more of a short term savings / spending wallet, since it is a hot wallet. For amounts over .05 (this amount depends on personal preference), I’d recommend getting a hardware wallet.
Couldn’t agree more—high gas fees and clunky UX have scared off plenty of newcomers. Solutions like EOS, various L2s, and newer blockchains are racing to fix that. The question is: which one can do it seamlessly first? Would love to get your feedback on my letter [https://beyondthecoin.substack.com/](https://beyondthecoin.substack.com/), subscribe if you enjoy it :)
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They’re saying mass firings aren’t going to help and there is other troubling data on the horizon. I do UX and market research
here we go again. this is one of the practiced arguments. the developers attempted to min/max for UX by lazily cutting every other corner possible. your validators all have to store redundant copies of 50 terabytes of trash every month and archive it to google cloud infrastructure (yes, really!!) because the solana developers were too lazy and impatient to do any layered architecture. they just did gigablocks and crossed their fingers. it's stupid and suicidal. and this approach still doesn't work. the last time I send USDC on solana it cost several times more than what it would have cost on arbitrum or base, not including the first attempt that failed. I've had more failed transactions on solana, just doing mundane things like sending a stablecoin from one account to another, than on any other network. it's not the best user experience and you're lying. solana is not soaking up any existing defi outside of stupid worthless memecoins. it's all new people who want to come in and gamble. that's all there is on there.
> Stock markets only trading during business hours is absurd. Read what I wrote in my first reply. >Proponents say it provides 1) "greater access of US off-chain assets to the globe" and 2) "blockchain works 24/7, but NYSE doesn't". These two points seem more like regulatory headwinds rather than tech headwinds. If Congress passes laws to allow non-KYC buy of US assets, very unlikely to happen because then all sanction laws get nullified, and regulators loosen regulation to allow 24/7 trading, I don't see why Web 2 apps can't do it better, especially if they can provide **BETTER UX** and **BETTER SECURITY** because they don't need to play decentralization and permissionless gymnastics. The issue isn't about being early or not. It is about crypto doesn't actually offer better advantage compared to Web 2 apps once you clear out the regulatory headwinds. ByBit hack by North Korea is a recently clean example to why users going through crypto, instead of a Web 2 app, exposes themselves to greater risk than otherwise. > Don't be negative my man It is not about being negative. It is about being grounded. The space refuses to admit a whole bunch of crypto applications are BS narratives going nowhere in adoption. > you will get rich Yes, crypto may still have plenty of opportunities, but it is definitely not from building shittier version of Web 2 apps, that most are trying to do right now.
> entire stock market will get tokenized Feels like the old metaverse spin. "EvErYtHiNg WiLl GeT DiGiTaLiZeD. YoU WiLl ShIt In ThE MeTaVeRsE. YoU WiLl BrEaTh iN tHe MeTaVeRsE. YoU wILl HaVe SeX In ThE MeTaVeRsE. HuRrY Up NoW. ThIs YoUr lIfE ChAnGiNg ChAnCe tO BuY AlL ThEsE NFeeTees As FuTuRe PrOpErTy RiGhTs." Whelp, what did you know, it seems like basic common sense for business irl also applies in crypto. For things to work long-term, you can't just make up products and call it a day. You actually need a market of customers buying your product to justify making them. What is the point of tokenizing stocks besides trying to fudge on chain statistics to hoodwink impressionable investors that there is an "On ChAiN EcOnOmY"? Proponents say it provides 1) "greater access of US off-chain assets to the globe" and 2) "blockchain works 24/7, but NYSE doesn't". These two points seem more like regulatory headwinds rather than tech headwinds. If Congress passes laws to allow non-KYC buy of US assets, very unlikely to happen because then all sanction laws gets nullified, and have regulators loosen regulation to allow 24/7 trading, I don't see why Web 2 apps can't do it better, especially they can provide **BETTER UX** and **BETTER SECURITY,** because they don't need to play decentralization and permissionless gymnastics. Crypto's best use case has always been providing a permissionless SoV for a decentralized community. Everything else seems either vaporous, inferior versions of Web 2 apps, VC IQ arbitrage on retail, or just a downstream business from the permissionless SoV existing.
I'm not paying a single cent on my bank account. Sorry, just keep dreaming about centralized L2 giving you people something the "old economy" is already capable of doing far better. And before you talk about third world countries... M-Pesa is so vastly superior than any any L2 solution and its complex UX, and guess what? People don't even need a bank account for those either.
It’s not how the tx gets displayed in the ledger when it’s a signature. They were signing a multisig transaction. The desktop shows a completely normal tx but due to the fact the device was compromised the attacker essentially swaps the intended signature with a malicious one. The UX makes it seem everything is normal. The Ledger does not help much because you are blind signing a hash that is supposed to be a “hash” based on the intended execution payload but it’s not trivial to verify. But even if you could verify, the attackers can easily manipulate the UI in such a way that the hash you validate against is for the malicious action rather than the action you believe to be signing since it’s not humanly possible to recognize. The best way to defend against this is to use more than one device, especially one completely isolated from any potential external threat to verify the hash based on a simulated executed payload. Another mistake made by Bybit is actually having signers work within the same network or location. Like Radiant, it seems that the office got compromised with targeted malware by Lazarus which made all the signers easy to capture.
> It's less about talking about the technology themselves There isn't much to talk about for the average person. Some of it can scratch your nerdy itch if you are interested in building a decentralized distributed computing system. But when it comes to applications, most are just shittier versions of their Web 2 counterpart in terms of security, UX, and general utility. Competing against Web 2, crypto's moat is its close integration with its natively issued speculative assets. So I am not surprised ppl are more focused on these assets, because that is crypto's moat. Now, I agree with the general social fabric of things here. It is cringe, toxic, and extractive largely because those who climbed the top of the industry ladder tend to be also cringe, toxic, and extractive. The social layer often mimics those who are successful. The space simply generates the incentives and environment for those who are connected and learn how to game the system for maximal extraction to win. Check out all these latest "tech" launches on Coinbase. Tell me how many of them have a convincing argument and thesis about moving this space forward, never mind solving "real-world" problems. Take the example of Kaito AI. People mainly use it to summarize CT's garbage direction. Not only is it very incestuous within crypto, but it chose to box itself in specializing in CT nonsense. They launch a coin, make the usual extractive CT social influencers rich (you can see who dumped the airdrop right after launch), and the rich get richer, and no problem really gets solved. In this space to get rich, you just need to be a good marketer, farm buzzwords from some old Viltak's tweet, and then do maximal hype to liquidate retail on CEXs and become an instant millionare.
>There is no “history established evidence” that will predict the future of a cryptocurrency. History doesn't repeat, but it often rhymes. Those who ignore history are bound to repeat it. The market's history tells you something about the unique conviction of Bitcoin holding culture, helping it become an SoV. But you dismiss it with whatever "what ifs" you dream up in your mind. On top of its historical charts, it doesn't face the alt risk by marketing itself as "tech looking for a problem to solve." For a man to be skeptical of both empirical evidence and logical reasoning, you are beyond help, I am sorry. >I’ve never said that ADA is the best crypto, It's good for you to realize that, from a tech perspective, it doesn't even deserve to be in the top 10 objectively. It is in the top 10. What gives? After a certain threshold, "better tech" doesn't define a "better" SoV, it is the community's culture, belief, and rabid conviction of the asset that matters. I am going to say something profound. Crypto's real value comes from its ledger history more than anything else—it is not just its historical length but also the attitude the community has towards it. >Then other people will take over? Why would you believe enough competent people would volunteer? LUNC tried, but see where they are now? Inherently, you are "trusting" a favorable outcome to happen— please stop denying it. >known to be trustworthy There we go. You know it is "trustworthy" because you "trusted" some Samaritan to do the due diligence for you. >so I don’t know what you’re trying to explain here. Bro, you are so confused. You are the one telling me crypto is all about "eliminating trust." I prompted all these questions to let you know that this is false. For this system to function, people must trust the process. Otherwise, the UX would be horrible, and everyone would stop using third-party wallets. >Building consensus is not the same as price consensus. It all falls under the same field of game theory. Your favorite Cardano boasts its consensus has a Nash Equilibrium. Price consensus is also a Nash Equilibrium in a coordination game. It is so hypocritical to pick and choose without rigor. >Xrp is being bought by banks for it’s utility of making transaction You know it is full of shit right. Banks can do it for much cheaper via stablecoins on any top public blockchain. Banks are profit maximizers, so they will choose the low-cost solution.
This is huge for crypto adoption! As someone who's worked on mobile app design, I can see the potential impact of BTC Pay Server's move. A well-designed mobile app could really streamline retail payments and make crypto more accessible to everyday users. It's exciting to think about how this might change the way people interact with digital currencies in their daily lives. I'm curious to see how they'll handle the UI/UX challenges of making crypto payments as simple and intuitive as traditional methods. Anyone else hyped about this development?
I get that, but I prefer Phantom Wallet, especially with their merge with Sui. Trading most assets directly, including SUI, feels seamless, and the UX is just smoother overall. Plus, no more ERC headaches for smaller trades.
1. Yes 2. By being active and helpful, we constantly have new users who may need assistance. As easy as we can make a UI/UX, nothing is perfect and people will need help. 3. I want to answer this, but I'll avoid frontrunning our own marketing. ;)
Since 2014. There is some controversy surrounding the shut down of the project at that time. There were various claims of vulnerability, and although it was never definitively proven unsecure, the mere rumors combined with the development team abandoning the project is enough to avoid it when there are other options out there. VC being a fork of TC means that it looks and behaves almost identically so users of TC will be familiar with the UI & UX.
Bitcoin is a different beast, but I'm not a fan of any L2 including lightning network - far too centralised and other risks. For an L2 to succeed regardless of network it needs to be full decentralised, scalable and have a smooth UX to get any mass adoption traction. I have not seen one so far.
thank you for your feedback. Well I cant prevent people having malicious / key loggers but it could be the same if they download a bitcoin-core etc with wallet.dat locally. IMHO dealing with an exchange complexify the whole UX, + KYC is a no go. These paper wallet usually contains small amounts \~ < $100 and are meant to be temporary until the holder transfer them to their own hardware wallet.
From an UX perspective I like Cardano a lot. The staking mechanism is one of the best in the industry. The wallets? Not so.
Bullshit. We are way past "web3" whatever that means. It was and always will be about products (apps) and UX. There is no more waiting for the Blockchains to get better. Eth had many many years of advantage, time advantage, financial advantage and dev advantage. What did it come to? Making 15 same L2 that just leech and further complicate the UX and solve problems that other chains solved at creation and have better perspective. Wake up people.
I have used Ink. The UX via the rest of their platform is not as good as Base. Other than that, it's not another L2.
I also could be wrong but I've never been more bullish on Eth than now. This is how I see it playing out... I think Sols edge of being faster and cheaper with better UX is coming to an end. Some of THE largest companies in the world are building on Eth, I think more will follow as we get regulatory clarity. As the big players build their L2s the rest of the herd will follow. In the future, I think it will be very hard for new L1s to enter the space.
No down vote for me just curious why you think Eth isn't getting of the mat when... -staking ETFs approved this year -Interoperability fixed this year -better UX this year -ecosystem continuing to grow this year It's a sleeping giant.
Larger slice of a stale pie. The industry moved to Solana and Base because Solana was the best place to build and Base leveraged Ethereum's network effects. The shift has played out for years. Cosmos failed in complexity, scalability, and UX. Unless Cosmos can pull a rabbit out of a hat and 10x the UX of Solana they aren't going to claw back users or the industry. Always stick with the winners. Network effects are impossible to overcome unless something is offering UX multiples better than current leaders. Osmosis and Cosmos both don't. Not currently. If we're going to speculate on underdogs then lean into networks that haven't yet succeeded or failed such as hyperliquid or maybe SUI, but the speculation train on SUI left long ago. Its FDV is now disgustingly high relative to networks with real activity.
Normal people don't care about technical features. They just want good UX and for the tech to work. You're forgetting that crypto will always be dissident tech. Gambling, offshore banking, illegal DeFi, etc. are all black or grey markets that would not normally be served by financial institutions. Crypto opens up these markets globally. They work and work well. Bitcoin has never been higher, stablecoin market cap at ATH, [pump.fun](http://pump.fun) is driving retail adoption. We're winning so much that it's hard to see how radically everything has changed in the last 1-2 years. The foundations are now laid. At this point it's now a sales process to get crypto in the hands of billions. Lastly, regulations and laws take forever to catch up. They are not so far off now. Boom times ahead. Stay positive.
A little slice of a big pie or a big slice of a little pie. Ya, base and Solana are meta and uniswap is uniswap but the difference is Osmosis pays out the revenue to OSMO stakers with < $0.001 TX fees and a UX that'll have you lookin like the food critic taking a bite of ratatouille at the end of the movie. You'll probably do better with yours I'm just shilling to myself. High conviction and solid fundamentals just can't replace hype
They actually have a point there. The irreversibility of Bitcoin transfers can be intimidating. Self custody can be intimidating. Stories where someone clicked a wrong link or stored their seed carelessly and lost all their savings are scary. Sure, most of these issues are avoidable and it's not exactly rocket science, but you can't reasonably expect everyone to suddenly become tech-literate enough to be able to do those things well without some anxiety involved. We need to improve the UX of Bitcoin to be able to abstract away the seed phrases and the addresses before the non-technical folk can comfortably use it. They always make fun of our "so early" meme and I think they're right if you view it from a UX perspective. The user experience of self custody and making transactions is still shit and we won't be able to onboard most people until that changes.
For sure. I think of it more like internet cash than an investment for the most part. Still, I'm optimistic about upcoming developments like full chain membership proofs (which will improve UX as well as privacy) and Serai (the first ever AMM DEX offering Monero). We even have an alternative node software written in Rust that's nearing alpha release (cuprate) which is, I'm not kidding, easily 5x faster than the standard c++ implementation. Not that price action follows tech, but it may follow the UX and liquidity improvements. I'm more optimistic for the price than I've been in awhile, especially as the need for privacy continues to increase.
I see your point. It's basically an escrow without the 3rd party. The tech is the escrow itself. This can be abused as everything, though. We exchange too many parts of the system with trustless alternatives and then wonder when shit hits the fan, so we start looking for someone to help. Imo, this should be an optional thing to a transaction, and both parties should agree beforehand. It shouldn't be used in, let's say, every day transactions like shopping. Imagine paying for your coffee and within the next 24 hours just withdrawing your money. Great for you, terrible for the business. But there can be something like proof of incoming transaction that asks the receiver whether they agree to it. And if they do, you can then send the money with the peace of mind that you can get it back in some timeframe. The receiver also sees that you have the money and have the intention of sending it. I think it will work best if it's implemented with better UI and UX - it's the wallet's job to scream at you that the funds will be sent permanently if you continue, not really the underlying blockchain's. With that feature implemented, there'll be this optional and very recommended checkpoint for the user that will prevent them from possibly losing their funds. Then there can be accounts that won't have to subscribe to this feature, and it will warn you that sending to that account will mean you can't get your money back. Hopefully, the developers are listening lol.
Yes, and security has improved greatly as managed **self custodial** lightning wallets(like green and phoenix) allow easier recovery of channel states from just the seed alone and you no longer need to log online briefly once every 2 weeks as these wallets have "watchtowers" , so we have come a long way in terms of UX and security but more improvements are always welcome
This is just a formula display error. The code knows what you have, the the UI/UX is saying some increased factor of the actual.
I do agree its a hell hole, full of bots and scams, mostly toxic community especially since 'someone' has taken over which reflects his own self; and its really just the worse UX for people to navigate. However as much as its shit, its still the core source for the crypto community and if you want to be early in getting whats happening, its on there.
$XRD Catalysts to drive the pump of Radix: - It’s the only layer one with Hyperscale (2.4 million transaction per second) www.radixdlt.com/labs - Hyperscale Test: geographically located nodes all around the world, community and third party institutions involved tests. Reaching new heights without breaking decentralisation and atomic composability. - Anthic and Blend: Anthic offers permissionless access, lower slippage, and a CeFi experience- all possible with DeFi transparency and control. It will provide deep liquidity without the need of locking assets. Blend is a lending and borrowing protocol which will onboard institutions to Radix such as Brevan Howard (the world’s largest 13 global investment firm) - UX and DevX: User experience is one of the core elements of mass adoption imho. Radix has worked years to tackle this. When you use Radix wallet you are the boss of your assets. You don’t get scared of wallet drains because all assets are native and there’s no such a thing as malicious tokens for example. Solidity is not good at onboarding new devs to crypto because it’s really hard to build on Ethereum. Radix has a brandnew programming language where you can easily develop dApps even if you don’t have any coding experience.
That's kinda the point - they haven't innovated on the L1, in fact it took them 5 years after launch to even come up with a plan to scale, and that plan is basically 'leave it to L2s'. Other L1s have centralised organisations that move quicker and have innovated. As much as everyone here has a hate boner for Solana, it has a parallelized VM (absurd Ethereum doesn't have this), it has localised gas fees so you can have an NFT mint with huge gas prices and defi transactions with low gas fees in the same block, they've courted users by embracing whoever wants to use it (i.e they attracted the shitcoin casino), meanwhile Ethereum Foundation has denounced speculation etc. Again, everyone here hates the memecoin casino, but if more users are on the chain that attracts developers, who in turn attract users, flywheel. Ethereum is the most idealistic blockchain and most decentralized, but it's resulted in a worse UX, slow pace of innovation, and other chains taking marketshare. Vitalik has recently acknowledged this by putting on a milady pfp and saying Ethereum Foundation needs to adapt a more 'winning' attitude instead of assuming everyone will always just use the more decentralized chain. I hope he can do it
I’d love to use Strike (nice UX and Jack is great) but even with zero fees when DCAing the BTC buying price is always 0.7-1% higher when compared to other exchanges or Yahoo Finance for instance. I’m sticking with Kraken Pro - fees start at 0.25% and get lower as you increase volume.
People don't need to hold BTC directly. Although already 95% of BTC holders aren't doing it directly on chain, as it has a horrible UX, and it's expensive and slow.
Y'all don't realise that the markets got tougher, and 2021 has generational inflows of $ so that's the only reason there was an "alt season" where everything went up. No reason the same thing would happen here Good traders/investors have had seasons already this run. Eth memes in early 2023, unibot, Solana and Solana memes in 2024, hyperliquid, AI agent coins. Also you talk about Solana only being at ATH because it's a gambling hub, but it's only a gambling hub BECAUSE it's good tech. Sorry but Solana is simply a better L1 than Dot and whatever other 2017/21 coins you're still buying. It went up because the good researchers realised it's merits, and it attracted all the shitcoin gambling because the UX is better than other chains. People here laugh about it going down arrogantly and continually fade, but on the day of Trump launch it handled like 25% of the NASDAQ volume and was a genuine benchmark for blockchain performance. Maybe you'll get one pump on your older coins the way xrp people did, at the end of the bull, or early on when retail buys coins they remember as they come back. But the harsh reality is you haven't had your alt season yet coz you're simply not in the right alts.
I don’t know what you mean by “solid project”. Based on your example, you are interested in DePIN for compute and privacy tools? There are on Solana and other alt L1s. I think Sonenium is mostly hype. For any chain to succeed, they need distribution or they become a ghost chain. The harsh reality is, ppl only come on chain because they care about an asset existing on chain. Web 2 companies have repeatedly proven they can’t onboard their Web 2 customer base on chain. I can give you endless examples. It is not the UX problem but ppl not really giving a fuck or a premium for it.
You can just run Bitcoin Core on any PC...there are advantages to running Linux vs Windows, there are advantages running a less power hungry system for a node. Each of the "flavours" takes these ideas a step further by creating dedicated small stand alone systems (or the requirements that you procure) and then adds their own wrapper to the OS (mostly Linux based) to make the user experience smoother. A number of them have gone so far as to provide various "apps" that can be co-run on the node allowing you to easily deploy a LN node, have an instance of mempool.space for analytics, run a nostr relay etc etc.....you are paying for convenience and experience, both are very subjective. Why not start but reviewing the UX each brings (lots of videos) and start there.
Bitcoin didn’t even double since last cycle and it’s already been exposed to almost the entire market. Imma be the only person here to say likely never. Maybe in 10-20 years with some major UX improvement.
Want to make an international transfer to the grandchildren abroad? Yeah, so just make sure to know the name and address of their bank, the SWIFT code, clearing number and of course the IBAN. Also make sure to tick off the correct sharing or payment of transaction fees (which will show up on your bill a few weeks later). The transaction will be executed within a day or two (but not during weekends or holidays) and they can expect to have the money on their account by the end of the week. But just to be sure, it's best to call them up to confirm. Compared to this mess, it seems getting crypto grandma-proof is a pretty trivial UX problem.
Wealthsimple's $1M protection only applies to cash accounts. Their crypto accounts use Coinbase as the custodian and are not covered, instead they use Coincover insurance for (AFAIK) an undisclosed amount. (https://help.wealthsimple.com/hc/en-ca/articles/360058451153-Understanding-the-security-and-privacy-of-your-account) Also "backed by the Canadian govt" is a bit misleading. They simply comply to the Canadian regulations like all the other major exchanges. WS is a decent option for online finances, but they're nothing exceptional. Their fees are generally high and their rates low. That being said their UX is definitely top of the line, so ultimately the extra fees are going towards a pretty app that's easy to use.
While it might resemble the structure of traditional banking that isn't the intended idea. That concept behind L2s is a solution to the *blockchain trilemma* where you need to manage tradeoffs regarding security, scalability and decentralization. For ETH, having a rollup-centric roadmap means they could focus on the security and decentralization of the chain while L2s are used to provide scalability. And this is proving correct. While base chain ETH has not scaled as quickly as other L1 chains, the L2s have been able to provide a good experience for users while ETH continues to provide a permissionless guarantee on the base layer. We saw that play with the case of Tornado Cash, where ETH validators were required to censor Tornado Cash transactions and despite a majority of them complying, Tornado Cash transaction still get added to the blockchain to this day. Now imagine you are a financial institution with massive amount of assets under management. The fact that ETH transactions could not be fully censored even at the behest of the US government is the best kind of stress test you can provide for any institution looking to tokenize and UX concerns around L2s is trivial when you are trying to secure trillions of financial assets. I believe we need to accept that different kinds of players are in this market now and the ability to trade memecoins quickly and with low fees, is very low on their list of priorities.