Hey, friends! Today I want to tell you about something that is giving a lot to talk about in the world of technology: Web3 and its decentralized applications, which we call Dapps. But here there is an interesting little problem; although there are a lot of new and cool things in this ecosystem, they have not yet been adopted massively. Why is that?
Well, it turns out that this week I saw an article by Dan Romero that made me think a lot. He says that although we already have the infrastructure to create these Dapps, we are not seeing that great leap that we all expect and although it is something that many of us have already realized, it is still a conclusion that continues to surprise us. And here is the crux of the matter: If what you are doing is simply taking an existing idea and adding crypto to it, you are probably only improving it by 10%, not 1000%. And if it is not a revolutionary change, few people are going to want to change what they already have.
Also, in recent years, crypto has had a bad reputation, which has affected the growth of products and the closest case is the problem of the Argentine president Miley and the alleged scam or rug pull case. So the ideas that really work in crypto are the ones that are native to crypto, not the ones that just add a layer of crypto to something that already exists.
Another important point is that the internet and smartphones have already been around for years. That means that many obvious ideas are already solved. So, if you are going to create something that people adopt en masse, it has to be a 1000% change, not just a 10%. Otherwise, people will continue to use what they already know and works for them.
And here comes the example of Bitcoin, Ethereum, other cryptocurrencies and stablecoins. Although it offered cheaper, global and instant payments without the risk of return, it was not widely adopted in e-commerce. Why? Because people already had credit and debit cards that worked well for them and gave them points and fraud protection. So while the technology was great, it didn't have an adoption pipeline that would bring it into people's everyday lives.
Bottom line, folks, if we want crypto and Web3 to become more mainstream, we need to think about the consumer and the real use cases. It's not enough to have great technology; we also need to make sure that people want to adopt it. And to do that, we need to really understand the problems we're solving and whether the existing alternatives are better or not.
So, entrepreneurs and investors, let's take the time to really understand what problem we're solving with our new ideas. Are the alternatives worse or non-existent? Are we creating new problems that are already solved? If we think about it, we can make crypto and Web3 a part of everyone's everyday life, that's the extra effort we should put in as adopters of this new Web3 culture. And that would be really cool!
Greetings and long live the Blockchain
