Late last year, I wrote that more great entrepreneurs would build products onchain as the trade-offs for doing so shrunk. Blackbird is the best example of that thesis that I’ve seen. It’s an app I’d use whether it was onchain or off, and a tool that restaurants use even if they’ve never heard of crypto, even if they don’t particularly like crypto, ... See more

One major challenge is that the blockchain has, at present, approximately zero uses for the typical consumer. Theoretical uses abound, but no ordinary person is choosing a blockchain-based technology over its traditional counterpart. More than a decade after blockchains first caught tech geeks’ eye, not a single smartphone app that you use with fri... See more

The crypto ecosystem (or web3, or blockchain-based, or whatever you want to call it) is offering a new set of promises of how wonderful it will all be. Most of these promises will not be fulfilled, at least not fully or in the way we expect. But in trying to fulfill them, we will learn new things about what people can do online, and what types of b... See more