#bedrock $BR
I've noticed a lot of BTCFi projects have a common flaw.
They turn complexity into an advantage.
They make confusion a barrier to entry.
They train users to only look at APR.
Back in the day, when you played on-chain,
at least you knew where your BTC was.
Now, it's a different story.
You hit one button to deposit,
and out come a bunch of new names.
uniBTC.
brBTC.
All sorts of points.
All kinds of yield tiers.
Various ecosystem collaborations.
It looks lively,
but to be blunt,
how many people actually know where their money ends up?
That’s what really annoys me.
Every day, they hype up capital efficiency.
They boast about yield aggregation.
They talk up ecosystem expansion.
But the real issues get brushed aside.
Where does the yield come from?
Who bears the risk?
What happens if the underlying issues arise?
No one wants to discuss that.
Because talking about it doesn’t attract new users.
The classic crypto playbook is:
Make simple things complicated.
Hide the risks.
Magnify the returns.
Then make you feel like you’re part of some high-level financial innovation.
At the end of the day,
BTC is still BTC.
The complexity lies in all that packaging in between.
The more layers of packaging,
the longer the risk chain.
The more people you trust,
the more scapegoats there are when things go south.
I’m not against innovation.
I just feel that if a product requires users to not understand it for it to work,
then it’s likely not lowering the barrier to entry.
Instead, it’s hiding the real barriers @Bedrock
I've noticed a lot of BTCFi projects have a common flaw.
They turn complexity into an advantage.
They make confusion a barrier to entry.
They train users to only look at APR.
Back in the day, when you played on-chain,
at least you knew where your BTC was.
Now, it's a different story.
You hit one button to deposit,
and out come a bunch of new names.
uniBTC.
brBTC.
All sorts of points.
All kinds of yield tiers.
Various ecosystem collaborations.
It looks lively,
but to be blunt,
how many people actually know where their money ends up?
That’s what really annoys me.
Every day, they hype up capital efficiency.
They boast about yield aggregation.
They talk up ecosystem expansion.
But the real issues get brushed aside.
Where does the yield come from?
Who bears the risk?
What happens if the underlying issues arise?
No one wants to discuss that.
Because talking about it doesn’t attract new users.
The classic crypto playbook is:
Make simple things complicated.
Hide the risks.
Magnify the returns.
Then make you feel like you’re part of some high-level financial innovation.
At the end of the day,
BTC is still BTC.
The complexity lies in all that packaging in between.
The more layers of packaging,
the longer the risk chain.
The more people you trust,
the more scapegoats there are when things go south.
I’m not against innovation.
I just feel that if a product requires users to not understand it for it to work,
then it’s likely not lowering the barrier to entry.
Instead, it’s hiding the real barriers @Bedrock