on Onchain

Every company faces some version of the “cold start problem”: How do you get started from nothing? How do you acquire customers? How do you create network effects — where your product or service becomes more valuable to its users as more people use it — that create incentives for even more customers to sign up?

proven business models in crypto so far: process a ton of txs and charge a tx fee: chains, exchanges grow a big tvl and take an annual cut: stablecoin, lending, custodians think that’s basically it. everything else is either early or a ponzi

If you are building, build with intention. And consistently push your vision and why. MINDSHARE is the biggest KPI in this space, and it's becoming increasingly competitive for it.

some agreements & disagreements re: vitalik’s post