Web3 had better not be Transaction Cost Hell
noahpinion.substack.com
noahpinion.substack.com
Everyone knows that, and alternatives like Algorand exist for that purpose.
> Those are just a few ideas from someone who’s new to the field, and people are working on all of them already. But my basic point here is not to forget transaction costs. Lots of transaction costs aren’t paid in dollars — they’re paid in seconds of effort, in the mental cost of attention-switching, and in the hassle and stress of keeping things in mind. Web3 should focus on stuff that allows people to pay fewer of those costs, rather than stuff that forces them to pay more.