Why didn't crypto walk the walk at ETHDenver?
Last week’s ETHDenver conference highlighted a disturbing trend in the crypto industry. While not unique to blockchain, the trend of not using the products our industry creates is something that the crypto community needs to grapple with. In more mature industries, this “dogfooding” is enforced. Microsoft employees must use Outlook, Word and so on. But in early industries such as blockchain, this dynamic is still being worked through.
Why doesn’t the Web3 community walk our talk when it comes to utilizing our own technology? We say we are building better versions of existing internet experiences with the value propositions of privacy, transparency and more compelling interconnected experiences for users — and we are. Yet I keep seeing projects across the ecosystem falling back on the very technologies we aim to (and have already) replaced.
This problem has followed us every step of the way through this journey. We prize decentralization, but most financial crypto transactions occur on centralized exchanges. We prize transparency, yet entrust assets to opaque companies like FTX. We prize innovation, yet most of the side events around the upcoming ETHDenver conference run their ticketing through legacy systems like Eventbrite — when better Web3 ticketing options are available.
Related: Most blockchain advocates haven’t even used Bitcoin
There are many reasons for these dynamics, and many of them are valid and a natural part of the building and adoption process. However, I think that we as a community are due for a reminder that we need to be the first adopters of the exciting new tech we’re building. If not us, then who? It’s on us to show the world that these things work and are the better choice compared to the
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