The Meaning of Community in Crypto Discussed at Consensus 2023

1 year ago

Do users really attraction what’s nether the hood of an app?

Cryptocurrencies’ censorship absorption and planetary scope person been the main worth proposition of this exertion for radical not funny successful sheer speculation. However, conscionable the beingness of exertion is not enough: for it to truly spread, empower and payment those who request it most, determination has to beryllium infrastructure, products and services that volition crook a shiny conception into the existent world of people’s lives.

This nonfiction is excerpted from CoinDesk’s inaugural Consensus @ Consensus Report, the merchandise of intimate, curated radical discussions that took spot astatine Consensus 2023. Click present to download the afloat report.

“Grassroot adoption is each astir making definite you people mundane people,” Tricia Wang, co-founder of the Crypto Research and Design Labs (CRADL), said during the interactive league “Grassroots Innovation: Realizing Crypto’s Empowerment Promise for Social Inclusion” astatine Consensus 2023.

Further, sometimes crypto developers volition person to beryllium “obsessively pragmatic,” meaning they are “culturally attuned” to solutions that whitethorn enactment for 1 radical of users but not another, alternatively than being dogmatic astir crypto’s highfalutin ideals.

What are the “winning plan principles” founders should absorption connected if they privation to meaningfully interaction users’ lives?

  • Should builders prioritize scaling their products arsenic broadly arsenic imaginable oregon helping users recognize however the merchandise works to the maximum imaginable extent?

  • Should crypto and blockchain integration beryllium explicit oregon enactment nether the hood?

  • Should decentralization beryllium contiguous oregon instrumentality spot implicit time?

A scope of considerations goes into these choices…

View source