1) My feed is littered with $ETH bull cases atm, but here's one no-one is talking about ... the sheer complication of ETH2 staking is mind-bending for most non-crypto natives. And likely makes them reluctant to stake. Better UX = more staked = higher price. Examples... [THREAD]
2) A) How should you think about long term lockup and your inability to unstake until shard chains are fully implemented? How long will that take? 2 years? How much timing risk do you have?
B) Should you use CeFi or DeFi?
3) C) If CeFi, @binance's APRs are better. But @krakenfx offers a trading pair (I've no idea how!) which effectively lets you unstake. Either way, you're relying on an exchange wallet (and the exchange still existing in 2+ years).
4 If DeFi, you can get useable tokens in exchange for staking e.g. stETH from @LidoFinance. But are you qualified to interrogate their security model? Can you get sufficient confidence in the smart contract to put real money to work?
5) I'm "in this world" & find it hard to figure it out. Which leads me to my broader point - crypto's ongoing inaccessibility to the mainstream. It may be easy to buy $DOGE spot. But it's not easy to make what should be fairly basic asset mgt decisions with a top 2 coin
6) UX has been crypto's achilles heal for 13 years. We're witnessing parabolic growth now, but it hasn't always felt this way. It's been a torrid grind. Imagine what could happen if the best design minds were applied to e.g. simplifying DeFi 🚀
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