r/web3 — public pain points

• Complexity and Fear in Cryptocurrency Engagement

  Users feel overwhelmed by the complexity and security risks of cryptocurrency, leading to fear and reluctance to engage. The lack of clear guidance on security practices and the constant threat of scams create an environment where potential users are deterred from participating in the Web3 ecosystem. This fear is compounded by the perception that one wrong move could lead to significant financial loss, making it a critical barrier to mainstream adoption.

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• The Self Custody to Real World Spending Gap

  Users face significant barriers when trying to spend crypto in the real world due to a lack of integration with existing payment systems. Non-custodial wallets provide full control until users want to make purchases, at which point they encounter a wall of fiat rails and merchant terminals that were not designed for self-custody. Current solutions often break the custody model, leading to a loss of control. This gap creates a frustrating experience for users who want to utilize their crypto assets seamlessly in everyday transactions.

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• Distrust and Confusion Surrounding Web3 Value

  Users express pervasive anxiety regarding the legitimacy and value of Web3 technologies. This skepticism leads to confusion about how to engage with Web3, whether it truly offers value, and if it is merely a hype-driven ecosystem. The absence of clear, accessible information and guidance exacerbates this distrust, leaving users hesitant to explore or invest in Web3 solutions.

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