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Dan Romero@dwr
The harsh reality of crypto wallets is they’re closer to a 99 / 1 business. 99% of spend / wealth / value is with 1% of the users.
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In reply to @dwr3/16/2023
Dan Romero@dwr
Same for trading businesses. (Might be closer to 95 / 5). An old school executive from the early online stock trading days said the best customers got the “sex, drugs and rock and roll treatment” to keep them trading. What’s the equivalent in crypto?
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In reply to @dwr
3/16/2023
McThigh@willy
Very true - as an example, only 284/10,000 Sushi LPs in January had a wallet balance of >$5k
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In reply to @dwr
3/16/2023
Tayyab@tayyab
Agreed at todays market maturity. I believe the 99% are more interested in cash inflows than cash outflows. Meaning they’d be more interested in making money in crypto than spending it. But that’s most humans.
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