Post by @nader • Hey
1 year from now this is how the majority of us will be interacting on-chain
- no wallets
- no addresses
- no signing
- no gas
- social / ens accounts as i
Comments
- caveat - for high value / financial transactions, security will still need to be taken more into consideration and I personally wouldn't hold a ton of $$ in an AA or smart contract wallet
my thesis is that the majority of transactions will be microtransactions, via social, gaming, etc..
that doesn't mean there will not still be a lot of financial transactions as well, and I think we'll continue with a more secure / decentralized approach for a longer time there, but for microtransactions I think we're already seeing this ala Lens & Farcaster
I also feel we're headed to a world where it's almost impossible to tie everything back to a single wallet / identity and these wallets / accounts will be more and more ephemeral
again, mainly in terms of microtransactions / gaming / social but I also see a world where it's much simpler to onboard a user to a Vemo / Cash App type of app and just abstracting all of the crypto UX on the server and providing them with a slick UX, speaking for the majority of folks in the world and not necessarily crypto native people, we're still around 10,000x - 100,000x smaller in terms of active users
- very smooth! an experience like this could help onboard more people, I think.
- I hope this actually happens! Onboarding experience is the biggest hurdle at the moment. A lot of things have to go right and the resistance from the big 5 (google, meta, apple, twitter, microsoft) will be intense. But if we lose this battle, the concept of ownership and freedom of speech will be lost forever
- I can’t wait
- 💪🚀