I'm not certain that I agree with him about crypto hibernation. I am far from a crypto advocate but I follow the space and have some friends deeply engaged in it.
There's an awful lot of work being done, especially with blockchain. Great ideas with impressive teams. But it isn't showtime yet. It's heads down and working time.
Sure, there's plenty of work being done, except it's fueled by the founders' need to show investors that their money is being put to a good use, and hence not pull out. I've yet to see an actual business problem solved with a blockchain (other than helping optimists part with their money).
For a while, the flowchart was basically ”Do you need funding?”. A lot of pitches were basically ”X, but on the blockchain”. Seemed to be a decent strategy, too.
”For me personally, it’s been fascinating to see just how much consumer demand scooters as an easy and fun option, and yet consumers don’t seem to want to charge or dock these items”
Alternative take: petty crime is so incredibly prevalent in SF, customers prefer rental scooters so they don’t have to worry about theft.
A big reason behind the popularity of Citi bikes etc is the same: it delivers the convenience of having a bike, without the headache of having it stolen quarterly.
I interpreted what he was saying differently. To me, he was saying that consumers like renting scooters, but they do not like renting scooters if they have to dock or undock the scooters similar to a citi bike versus a grab and drop approach.
There's an awful lot of work being done, especially with blockchain. Great ideas with impressive teams. But it isn't showtime yet. It's heads down and working time.