There's a great bit of action that happens on crypto twitter compared to the rest of social media. In this post I'm going to recap some of the highlights and also to start to talk about how we can get these talks fired up over on LeoThreads which should be coming out of Alpha "soon" I hope.
It's very clear to most people that actully watch what's going on and happening that the SEC and government in the USA are trying to overstep and create confusion while passing new laws to hammer crypto. We see this in recent tweets where lawyers are calling out the SEC on many cases.
The most glaring being how Gary Gensler continues to bash crypto and say it's clear as day that it's a security and that all cryptos are a security but still after 8 years has failed to really do anything other then trash talk it. MetaLawMan made an excellent comment on this stating.
Love them or hate them coinbase has actully been one of the largest driving factors in crypto adoption. It's almost a welcomed sight to see them maybe returning back to that with the introduction of what they call pro-crypto policy 435. It's to guide policymakers toward creating pro-crypto policies.
Make no mistake about it OpenSea still processes a lot and a bulk of that still comes from Ethereum. In an article I wrote a few days back More Ethereum Upgrades Inbound I highlighted some of those changes and what it means for the ecosystem.
One of the critical driving factors for crypto adoption now is to make it user friendly and easy to us. This is where UX comes in big time and why I love hearing Nate from Splinterlands talk about UX and how he's passionate about it. Overall what we want to see is every day users have a very simple onboarding process where they almost feel like they are not even dealing with crypto. If they want they can deep dive into it but for gamers etc they just want to play, swap and do things with tokens without being bombarded by complicated steps. That will be the future mass adoption of crypto. Right now setting up DeFi, using exchanges and all that stuff leads to a seriously confusing mess for every day users.
We are seeing that happen with Ethereum now to help pave the way for this and co-founder John Rising had some comments on it.
Overall we are seeing growth and development in crypto right now dispite all the crazy stuff going on. This at some point will launch us into the next bull run. What's funny about it is NFTs were around for a long time but it wasn't until stories broke out about multi million dollar sales etc that fueled and sparked a massive bull run. Web3 and other tech being created and implemented now might not come to show their faces to the masses for another two years thus sparking a new bull run. It's why it's critical that a successful business can still develop and grow at some scale during a bear market.
One of the core issues I'm noticing with Threads at the moment is the shear lack of people liking others posts. While yes more people are posting on threads they are mainly posting and not interacting with comments and likes. This is something that needs to be closely watched and encouraged. It's why I still feel a ad buy back and a new token and platform would have been the right move over using hive/leo combo as what might be holding people back from liking threads is the fact that it uses hive voting weight as well. I'm sure people would feel better simply liking a post only using a layer two token only. I've been saying that for over a year now. Time will tell though.
