The promise of crypto is incentive and there’s really only two ways “money” enters a poor country — remittance and aid. Sound like crypto.
The western world clearly sees crypto as an asset class yet the ethos of blockchains (data sovereignty, sound money etc.) often gets lost in translation by the time it reaches Asia — as the notion of contributing to open source is still unfamiliar, so price action becomes the product and marketcap is marketing.
The western bias is interesting too. We often look at India as a DAU farm and SE Asia as low LTV, but perhaps that’s more a skeuomorphic bias trying to make sense of crypto from mobile metrics.
To-date, crypto doesn’t have DAU, MAU, LTV, or ROAS etc. Just buyers who are believers — and consumers, who are collectors.
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