Best of the Best Reviews: What Are Your Unpopular Cryptocurrency Opinions?

We (crypto) are not going to change the world.

On July 8, Blockcrunch founder Jason Choi launched a poll on Twitter “What are your unpopular views on cryptocurrency”. As of July 13, the questionnaire had received approximately 4.4 million views.

Among them, there are many interesting views and insights.

“GameFi is a false proposition”, “There will be no new highs after halving, ETH will surpass BTC, and perform far better than BTC within ten years”, “Most applications do not need tokens”…

To get rid of boring advertisements and marketing, Deep Tide TechFlow collects some of these viewpoints to see if these unwelcome “thought swords” can resonate with you.

Gab Yang，Arccommunity

We (crypto) are not going to change the world.

Westie and Hemic, Founders of SODIUM

Product Market Fit (PMF) predates decentralization. PMF is far more important than any element of decentralization, all modular tech stacks are focused on the exact same thing, so it doesn’t matter where you build it as long as you get PMF.

**Jordan ，**SojuDAO Founder

We need more applications, less infrastructure, current infrastructure can support new consumer applications, but Web3 is not building applications that attract newcomers, infrastructure is seriously overvalued relative to applications. But most VCs love infrastructure.

Craig Anthony

Zero-knowledge proof is a technology that goes beyond blockchain.

dpg

We are paralyzing ourselves, the number of people in the entire circle is decreasing, the number of active users using wallets is decreasing, and the entire ecosystem is becoming more and more isolated, but we think mass adoption is coming.

ZachXBT, well-known on-chain detective

For 99% of people, it’s not worth risking your money in DeFi.

0xSal

The success of a project does not depend on the investment institutions (big names) or the amount of funds raised. Instead, less financing will allow the project to profit from the project itself.

Ryan Berckmans ryanb

The continued waste of billions of dollars spent mining Bitcoin instead of building it is hurting the industry more than most insiders realize. At today’s prices, the daily cost of BTC mining requires 20 rounds of funding to start the seed round.

Pickle

At the top of the bull run, ETH will outperform all L2 tokens.

Brent Xu, Co-founder of Umee

Cryptocurrencies and DeFi are finally going semi-regulated.

Mr F, Founder of BitGlyphs

Bitcoin doesn’t need to exist anymore, it’s slower, more expensive, and much less useful than Ethereum, while also using a lot of energy. It’s unbelievable that PoW and Bitcoin have gotten us to this point, but they need to go away.

Zaheer: Split Capital

Most of the ideals of cryptocurrency will not be realized, but it does not mean failure.

TheModestThief

GameFi is a false proposition.

bleep

There will be no new highs after halving, ETH will surpass BTC, and perform far better than BTC within a decade.

AutisticJS

Only BTC and ETH survive in the long run, BTC as a commodity (digital gold); Ethereum as a gambling chain - all Ponzi schemes thrive and die here.

Richard Chen, Partner at 1confirmation

In 6 years, the total market cap of NFTs will exceed the market cap of all cryptocurrencies except BTC, ETH, and stablecoins.

lightspeed mert，Helius CEO

Solana will be the most used chain in 5 years.

Devansh Mehta

What will bring the next billion crypto users is not a game, but a reliable oracle streaming real-world data on-chain.

CL, Partner at eGirl Capital

VR will be the singularity that eliminates human social distance, and digital currency will become the underlying medium of exchange in this new reality. 90% of industries in which companies exist to shorten distances (e.g. automobiles, airlines) will face bankruptcy. All this could take 20-30 years.

Martin Krung

Tokenization is good for people to make money, but kills most projects because the incentives are gone.

kevinjlu, co-founder of Scalene

In the world of Web3, attention is constantly turning to new and exciting developments. However, it’s important to remember that the key to building a successful and sustainable industry is prioritizing the people and talent within it.

Lex Moskovski

Mainstream adoption was a mistake. We don’t need enough regulation to compensate for heightened regulatory scrutiny, and cryptocurrencies should be an elite club that anyone willing to put in the effort can join. The same goes for the Internet.

Viksit，Solarplex

Blockchain will fade from the collective consciousness and become another base layer that people will not be aware of.

jaimin, founder of Caddi

In the next 5 years, most tokens in the United States will become securities. Over the next 30 years, most securities will be tokenized.

Raman Sha, Builder of Crypto Jobs List

People spend 90% of their energy on building some esoteric project (NFT, DeFi, etc.) and less than 10% on mass adoption, basic payments, etc.

Claire Kart, Vice President of Marketing, Mina Foundation

Communities are not built by sending money.

michaellwy, Blockcrunch contributor

Account abstraction (4337) is not some kind of “get the next billion users” panacea.

Capitulation

There is a huge financial gain to attract new people.

Coin Bureau, well-known crypto KOL

If cryptocurrency continues to rely on centralized stablecoins, it will end up being a worse version of the existing financial system, not an alternative.

boost, NEAR Foundation Collaborating Engineer

Cryptocurrencies are only for the niche, not mainstream adoption.

Shawn ，Artichoke Capital

Most applications do not require tokens.

Parv, Founder of Estate Protocol

More decentralization or a different implementation of the same thing will not lead to mass adoption, the masses will only join in when we improve the user experience of the things they care about.

Brendan, co-founder of Dharma

Cryptocurrency adoption will not follow a technology adoption curve and will be much slower than most hope/believe. This is because cryptocurrency is more of a cultural change than a technological change, and cultural change is more about group replacement than mindset change.

Ouriel ，Zengo CEO

Defi is not decentralized. Hardware wallets are not a secure solution for storing cryptocurrencies. Most layer 2s are useless.

cc (e/acc)

VC is largely incompatible with the purported ideals of cryptocurrencies, and is not a very good public financing product.

Bisol, Founder of Mycryptopedia

Fiat currency is a good thing, it can stimulate economic and technological growth. A cryptocurrency with a fixed supply will never be a serious candidate for an alternative monetary system.