Web 3 & The Curse of Solutionism

10 lessons from the past year

1. There has to be value: product market fit, there must be fundamental value for users


2. Web3 and crypto are not consumer friendly: people want problems addressed regardless of labels or terminology — " Crypto will scale when the technology becomes the invisible enabler of what consumer actually care about "


3. Incentive desig

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Given the history of why web1 became web2, what seems strange to me about web3 is that technologies like ethereum have been built with many of the same implicit trappings as web1. To make these technologies usable, the space is consolidating around… platforms. Again. People who will run servers for you, and iterate on the new functionality that eme... See more

The biggest risk to making it in crypto is short term burnout leading to long term exit. In a world where all value seems reducible to price on a Uniswap pool, it seems only natural to believe that tokens without prices have zero value. Yet I believe that the best projects will encourage ownership while deemphasizing the short-termism that liquid m... See more