[nwienert]

You motte and bailey pretty hard, and accuse me of hand waving while leaning really hard on “buzzwords” and “absurd” - you hand wave away trust and equity of all things. People respond heavily to $150 referral bonuses, we know because every company uses them. So to claim getting a stake worth $150 of equity isn’t 10x more incentivizing is wrong. And people definitely understand that, it’s why there’s so many people in crypto. In fact, it’s often the first critique of crypto that it’s all early adopters trying to make money. And I’m claiming that’s a feature not a bug, it’s a tool to kickstart platforms, and damn good at that. Too good maybe, which is why there’s so much noise. But you can’t argue that people don’t get that, as it’s been shows by about 1000 chains at this point that people “get” it and want it. The question then moves to more interesting things.

You asked for why, and I gave reasons why. When I answered the why you fled back to “examples” of specific implementations, which is a different conversation but not necessary to show why. I’m not even a web3 person or whatever you seem to be making this tribal, I’m just not a blanket denialist and can acknowledge it has interesting upsides.

Finally, crypto is already huge despite its current massive hurdles. Those hurdles will only go down. You talk like it’s failing but it’s actually been winning for over a decade. In fact it’s crazy how many non technical people have adopted a very technical thing. The claim that it isn’t catching on is quite literally perfectly backwards, it has caught on to a huge degree despite huge barriers.

Cdixon just did a nice thread on this: https://mobile.twitter.com/cdixon/status/1444072365822857219