92. Building for crypto-natives vs. normies w/ Mike Demarais

Mike is a co-founder at Rainbow. We talk building for newbies vs. crypto natives, why crypto has primarily been desktop-first, WeChat-style wallets vs. embedded wallets, maintaining a beginner's mindset, consumer adoption, and why consumer crypto has become such a meme.

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(00:00) Intro

(01:00) What is Rainbow?

(02:28) Building for Crypto Natives vs. Newbies

(05:24) Mobile vs. Desktop

(12:12) Consumer Social

(20:38) WeChat-Style Wallets

(26:30) Embedded Wallets

(32:48) Beginner's Mindset

(34:55) Consumer Adoption

(36:50) Users Making Money by Default

(42:18) Mike's Prediction for Adoption

(45:40) Large IP Holders in Crypto

(49:39) Analogies for the Crypto Casino

(51:05) Meme Buzzword Rabbit Holes

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Disclaimer: Nothing said on On The Other Side 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. Chase and our guests may hold positions in the companies, funds, or projects discussed.