New ask Hacker News story: Ask HN: Is crypto an unviable, tech-bubble delusion?
Ask HN: Is crypto an unviable, tech-bubble delusion?
7 by confoundcofound | 12 comments on Hacker News.
As someone who's been in and out of the crypto space for years, recently it has felt increasingly as if this is a technology desperately in search of a UX solution that it may never achieve. The industry is run by a cool kids club of crypto twitter thought leaders who seem to lack the experience and wisdom to realize that the threshold of UX required for mass adoption is currently wildly out of reach for the technology, no matter how pretty the UI is. Seed phrases, gas and fees, irreversibility of transactions, virtually no concept of customer support, etc etc. Steve Jobs famously said "You've got to start with the customer experience and work backwards to the technology. You can't start with the technology and try to figure out where you're going to try to sell it." The entire crypto space seems to be guilty of the latter. The longer that this space continues to focus on and struggles to get traction for novelty toy products – eg art experiments – the more pessimistic I am about the long term viability of the underlying technology. I say this with friends who work in the space who after years of pontificating about the disruptive implications of crypto, are still tweeting about the latest NFT collectible.
7 by confoundcofound | 12 comments on Hacker News.
As someone who's been in and out of the crypto space for years, recently it has felt increasingly as if this is a technology desperately in search of a UX solution that it may never achieve. The industry is run by a cool kids club of crypto twitter thought leaders who seem to lack the experience and wisdom to realize that the threshold of UX required for mass adoption is currently wildly out of reach for the technology, no matter how pretty the UI is. Seed phrases, gas and fees, irreversibility of transactions, virtually no concept of customer support, etc etc. Steve Jobs famously said "You've got to start with the customer experience and work backwards to the technology. You can't start with the technology and try to figure out where you're going to try to sell it." The entire crypto space seems to be guilty of the latter. The longer that this space continues to focus on and struggles to get traction for novelty toy products – eg art experiments – the more pessimistic I am about the long term viability of the underlying technology. I say this with friends who work in the space who after years of pontificating about the disruptive implications of crypto, are still tweeting about the latest NFT collectible.
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