nader dabit | nader.lens
nader dabit | nader.lens

@dabit3

8 Tweets 1 reads Jan 13, 2023
15 thoughts from a developer working 1.5 years in crypto / blockchain / web3
- Most ppl don't care about NFTs as they're widely used today
- Most ppl will not (should not?) pay to transact in most cases
- Points of centralization will temporarily be needed to provide better UX
- Most ppl don't care about DeFI
- People *do* care about fair global access to financial infrastructure
- Stablecoins are one of the most useful, important, powerful primitives
- Stablecoins are not understood by most people – they still think that all crypto is volatile
- Blockchains still don't scale for mass adoption
- Many ppl think a few thousand tx per second is a lot for a shared execution environment, meanwhile traditional databases alone can handle millions operations / second (I know, not apples to apples but worth pointing out)
- Traditional dev tooling + infrastructure is years ahead, & focus on UX / DX, while many (most?) web3 protocols / teams focus on crypto-native people
- We need more Vercel-like services that abstract but still leverage the powerful, core primitives, maintaining decentralization
- There has been more focus on DX since I joined the space. It's much better now than 18 months ago & getting better
- Financial incentives are both good and bad. They are a great way to onboard users and even build teams, but incentivize more bad behavior than I can cover here
- Financial incentives encourage maximalism much more than traditional tech. Their main concern is extracting as much $ for themselves as possible – not any positive causes or moving technology, humanity, or the industry forward, & often make it hard to have honest conversations.
- There are teams who have identified many of the things I mentioned above and are working and building with them in mind, which makes me bullish and excited about the future
/end
scalability and accessibility are the areas of focus I'm most interested in atm.

Loading suggestions...