I surveyed both Farcaster and Twitter to get a pulse of what onchain users are frustrated with in today’s market. Here’s what they said.
What's your biggest frustration today as an onchain user?
Not enough stuff todo
we need more brands (like reddit / nike / starbucks) creating experiences around digital assets. need more web3 companies to focus on brand partnerships and onboarding brands (who will in turn onboard retail users) - @0xshash
not enough to do. sometimes i think 'i should do more onchain stuff' but then can't think of anything. - @garth
Slow pace of application level innovation. - @dob
Not enough 10x/100x use cases for mass adoption. Feels like as a form of value exchange is still the best use case as seen in developing and 3rd world countries (eg: Argentina), but not the same with developed countries. - @tpan
Not enough to do. When I go explore a new L2 ecosystem I'm easily underwhelmed with the app options. It's a lot of deep defi things that I'm not comfortable dealing. Waiting for that first initial wave of normie apps - @4495
I also don’t think 1 is a problem for my usage. Mainly use crypto to invest long term, so I simply DCA once a week. - @pierrick
Hard to discover
All three for me. Regarding 1 & 2, it's really hard to discover what real people are doing and building in the space, because there's so much spam / manipulation. - @matthew
High gas fees
I'd be minting every day if it werent a 20 dollar charge. - @mxjxn
on Ethereum but not a problem on L2s. - @pierrick
There's so much to do, but mainly you're stopped because of gas - @tomu
3 in the short term. 2 in the long term. - @brittenwolf
For mainnet, 3 For L2s and alt L1s, 1 - @garrett
Other
UX
the friction/scaryness around signing, totally get that permissioning is moving towards a 'sign once' approach though - @joetoledano
Onboarding
Projects talk about wanting to onboard new people, but often don't connect with what that really means or looks like. And therefore aren't really willing to invest into the work needed because it's often not as sexy as great art, innovative dev stuff, etc. Shows how early we are, I think. - @bradq
not enough compliant & convenient on/off ramps - @casslineth
Jargon
Usability and use of language (jargon) - @rickjohanson
The industry’s obsession with crypto native jargons to communicate anything is annoyingly obvious.
Scams & Spam
There are many scammers/bad actors. - @rcyh
bad reputation/lack of understanding for non-crypto users - @nonlinear
Cost
Not having enough money to play atm - @petar
Security
Wallet insecurity. “Just get a Ledger” they said…it’s hard for the average person to keep up with best practices. - @dberg
Regulation
Also, haven’t felt as concerned about unfriendly US regulation as I do now, which has implications for how much attention and money I want to continue to invest in crypto stuff - @dankenney
First appeared on farcaster.
Still winter, the only warmth in running together - Fred again