It's almost as if we don't understand what makes money valuable in the first place.
Trade, and when I say trade, I mean the exchange of goods and services, everything leans on trade, without a need to facilitate an effective and flexible movement of valuable goods and services, money has no value!
How many crypto apps can we name without jumping on Google that isn't focused on attracting investments from people?
Are there any apps that are focused on enabling trade? Spending?
No, not payment apps because why have payment solutions only to rely on traditional systems for the goods and services you want to pay for?
Why go through the stress of converting fiat to crypto only to use the same services that already have fiat-enabled payment options?
Privacy? There's no privacy in this process, unless of course you're using privacy coins like Monero(which these centralized apps are unlikely to accept), but how many people even know what Monero is to start with? And if you're not running your own node, you can still pretty much be tracked by your wallet providers, so there's that.
But let's not digress, why are we hyper-focused on attracting investment capital? Are the masses investors?
It makes no sense that we want mass adoption but only ever lean on investment apps, when quite frankly the masses couldn't give two fs for yields because you know why?
They barely currently have enough to get by everyday. This is why when you introduce apps that aren't focused on getting users to invest but primarily on rewarding them, the reality of such apps majorly shows a trend of value leaving the ecosystem.
Because? The masses mostly want to earn and spend to get by, the traditional finance system has left them in this situation and that's all they can afford to do, seek opportunities to earn and spend what's earned to survive.
And we know all this yet can't find a way to capitalize on what the masses can afford to get onboarded for.
We need trade apps, lots and lots of them
I think it's nuts that we all just sit around and wait on “mass adoption” and an embrace by active traditional trade apps, literally giving away the value that should be reshaped by decentralized frameworks.
The cryptocurrency ecosystem ought to start diversifying its development capital into two types of trade apps.
General commerce platforms and Skill/Jobs trade apps.
These two solutions will be central to bringing about mass crypto adoption and though the focus of these apps will be generate revenue whilst eliminating centralized systems of trades alongside its inefficiencies and other flaws, it will indirectly bring about growth in our assets value, essentially leading to heightened investors interest.
This is because when you have a commerce platform running directly on-chain, users are obviously paying in crypto and said crypto has to first be bought and that's potential billions in daily buying volumes.
Similarly, with skill/jobs trade platforms, employers will need crypto assets to pay for the services they seek, this also creates buying pressure.
And the fun part is that with both of these types of trade platforms existing on-chain, we'd achieve some stability because the masses earning a living on-chain don't really have a reason to trade to fiat since commerce exists on-chain, essentially leading to reduced selling pressure.
We've focused too heavily on finance finance finance. Trying to recreate the banking system and yet target the masses with that bullshit when said market segment has no care for it at all, especially since they are mostly poor in the current traditional system.
Our development focus has to shift to trade apps amongst other solutions of course. This hyper-focus on finance apps wanting to attract investment capital is why we're not seeing any real growth as an industry, just speculations and speculations that only lead to the limited true capital that we have here bouncing around various protocols in an attempt to max exploit what's dishing out yields at every given time.