Post by @reka • Hey
been in crypto for many years, started to gather what is bonkers about how we are doing onchain activities: (general DeFi edition) (who is building these)
Stats
Actions: 13
Comments: 11
Likes: 81
Mirrors: 22
Quotes: 2
Comments
Add to meeting notes
My accountant this year said "of course you need to pay more! You have 4000 transactions to process!" When that happens with hundreds of thousands of users, most of whom will have balances below $ 1k, something is going to be forced to change. Social (imo) is gonna be the way crypto overwhelms the system in this regard
Most of this will be solved once Account Abstraction is widespread
Every wallet TX is a taxable event and most people have no interest in or knowledge how to be filing all that (Present state)
Goated post. Hopefully we get here soonest.