Pay-to-use blockchains are done.
Not for us, of course — the nerdy crypto crowd. We’re perfectly happy to open wallets, engrave seed phrases on steel cards we bury in the ground, find exchanges we haven’t been blocked from yet, wrap some assets to leverage yield, and become OpSec professionals while we pray to the blockchain gods that the North Koreans aren’t online right now.
We’re fine with this. Years of experience have dulled the pain.
But the mass adoption we all hoped for? It relies on the 99% of people who have zero appetite for such trauma.
Related: An ETF will bring a revolution for Bitcoin and other cryptocurrencies
If permissionless blockchains are to become the backbone of our online experiences, three major changes need to happen:
- They need to become free.
- They need to become frictionless.
- They need to become familiar.
“Free” means free for the user, “frictionless” means as easy as opening an app or playing a video game, and “familiar” means we need to stop asking regular people to change their behavior to meet the limitations of our tech. We need to meet them where they already are.
Right now, we are zero for three. In fact, we’re so far away from where we need to be that we’re not even trying to address these problems seriously — we’re busy making small, incremental improvements to dysfunctional tech rather than addressing the root of the dysfunction itself.
Free to use
Layer-1 blockchains have been designed, built and funded by people who figure that their va
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Author: Jon Rice
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