Solving Crypto's Onboarding Problem | Arianna Simpson, Riyaz & Nass (Bastion's Founders)
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Arianna Simpson, Riyaz Faizullabhoy and Nass Eddequiouaq join us to discuss how crypto needs to shift its focus back to the user experience. We cover crypto's friction points, the application vs infrastructure phase, how Bastion can enable simple onboarding and a Web2-like user experience, crypto's misplaced defaults, over-indexing on decentralization and more!

Timestamps:

(00:00) Introduction

(00:26) What Problem Is Bastion Solving?

(06:57) Have We Over-Indexed on Decentralization?

(10:04) Building Infrastructure vs Consumer-Facing Products

(14:26) How Transaction Routing Works

(18:18) Why Should Consumers Care?

(21:49) Unique Use Cases Enabled by Web3

(28:24) The Infrastructure vs Application Phase

(30:34) Will Users Self-Custody in the Future?

(32:00) How Crypto Can Rebuild Trust

(35:54) Interoperability and Bridge Risk

(40:38) How Developers Choose Where to Build

(44:34) Crypto's Misplaced Defaults

(49:36) The Insane Challenge of NFT Projects

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Resources

Bastion

https://www.bastion.com/)

https://twitter.com/BastionPlatform)

a16z

https://a16zcrypto.com/)

https://twitter.com/a16zcrypto)

Disclaimers:

Lightspeed was kickstarted by a grant from the Solana Foundation.

Nothing said on Lightspeed is a recommendation to buy or sell securities or tokens. This podcast is for informational purposes only, and any views expressed by anyone on the show are solely our opinions, not financial advice. Mert, Garrett and our guests may hold positions in the companies, funds, or projects discussed.