Growing a mainstream user base is far more important than the frothiness of the current DeFi craze. I sincerely hope there will be lessons learned from DeFi in it’s current iteration (a bunch of food-themed versions of collateralized lending) and that the valuable lessons will then be applied to the next round of Digital Asset products and services. In the meantime, I am focused on mass adoption of Digital Assets.
Mass adoption has been part of the lexicon and a goal for all who understand the potential of natively digital assets, but for me this takes on new emphasis. The projects I will focus on will all have to do with getting Digital Assets into the mainstream of consumer use. And that does not even necessarily mean consumers will all be holding or transacting with Digital Assets. The Digital Assets may be a part of the banking and finance industry’s payment rails. You and I may still pay for a ShakeShack burger with US Dollars via our Visa-branded debit card, but the merchant acquisition and actual bank processes to move net payments amongst themselves will be via blockchain networks and the digital assets that reside on those blockchains.
With that being said, I give you Nic Carter’s opinion piece in Coindesk from Sept 3
https://www.coindesk.com/crypto-dollar-surge-opportunity
CONMODUM 