The stack breaks down into three layers: products, platforms and protocols.
Products include assets like cryptocurrencies and tokens as well as the applications they enable, such as games and marketplaces.
A couple of years ago, about how demand, and therefore value, flows from end users, through products and eventually back to the platforms and protocols that underlie them.
I wished for the market to place greater focus on end users as opposed to chanting the old Steve Ballmer reprise: "Developers! Developers! Developers!".
Importantly, B2B2C companies are in the business of acquiring those end users.
We must not only build products people want but also build platforms developers need to get there.
Once they had a critical mass of restaurants on the platform, they could close the loop by once more providing a reservation-booking product to end consumers.
What we need is not, as I advocated for at the time, a greater focus on end consumers.
For this, we must not only build products people want but also build platforms developers need to get there.
It's not all about the wants and needs of end users.
Don't Obsess Over Crypto End Users, We Still Need Developers to Build the Back End
Published on Feb 19, 2020
by Coindesk | Published on Coinage
Coinage
Recent News
View All
Blockchain Bites: Bitcoin's Run, Uniswap's Hemorrhaging Value, Anchorage's Banking Bid
Bitcoin is nearing all-time highs in price and market cap last set three years ago.
Japan's megabanks to lead experiment with digital yen
We have, in order, Cheese Bank with a $3.3 million theft, Akropolis with its $2 million loss, Value DeFi with a whopping $6 million exploit and finally Origin Protocol's loss of $7 million.
Number of new Bitcoin addresses spikes amid growing FOMO
Japan's three largest banks, as part of a group of 30 private sector actors, are set to collaborate on an experiment with a digital yen.
Not just Wall Street: Quant trader explains why Bitcoin price is going up
Sam Trabucco, a quantitative trader at Alameda Research, believes four general factors are pushing up the price of Bitcoin.