Vibe Check with @dawufi ep8 :: interview with @tldr /bracket

Aired Date

July 25, 2024

Hosts

Series

Vibe Check

Episode

Vibe Check with tldr

Watch on YouTube

https://youtube.com/live/_YkHIBVBtg8
0:03Speaker 0

it's vibecheck i love seeing people's reaction to the clapping with the whoopi and tldr legendary broadcaster builder host of multiple channels creator and founder of bracket game which is absolutely blowing up off a lot of different things off i was i was enjoying the cast out i love the usdc there's so much you guys have going on i'm really excited to talk to you especially as the reason i sort of like got excited to bring you on not that i wouldn't be excited to talk to you about just about anything i feel i feel the consumer narrative is is starting to pop off here and there for a number of different reasons i feel like you guys are one of the the leaders of the charge so so so thanks for coming on did i did i miss anything did i how's the intro

0:48Speaker 1

intro is great i love to hear you pronounce your handle that's you you know that's like near and dear to my heart of how do we pronounce the wufy

0:59Speaker 1

yeah man i'm just i would love to hear your we're we're so much like in the building right now and like within our community that i'm not even paying as much attention to like the narrative and vibe around consumer crypto so i would actually love to hear like kind of when you say that it's popping off like kind of what what is the what is the vibe what is the narrative around it right now

1:27Speaker 0

yeah for sure so there's a number of things that i'm like super pumped on i think one of the biggest signal signals can be kind of like anti signal right and it's almost like the there's been a huge obviously there's been a lot of discussion around like bots and farming and all that stuff but i think you only get those questions when people are starting to take real users more seriously right that's one of my sort of core thesis about like it's almost like mike solana over at pyrowires he's like has this theory about conspiracy theories which is like they're never really right but they can sort of show you where the center of powers are very frequently like if people are talking about a conspiracy then like there there may be a center of power there it's almost like that with like the are people real discussion i think that's that's based yeah that's based a lot off of people understanding that there are real people out there right like it wouldn't be a discussion if there wasn't real people at all mhmm so i think that's one really interesting thing yeah one of my connections natalya and just wrote a book about crypto and i i think he's doing an ama in books actually which i'm super pumped about and he's doing interviews and he he he's getting active on farcaster and one of the first things he asked was like what are people gonna be actually using you know within the next couple of years and seeing these narratives sort of shift has been really interesting i think there's also some major failings that people are starting to to bring up in terms of adoption and like and i guess personally i've been pursuing this narrative for a while of like you know use things that people wanna use build things that people wanna use and yes with barracaster there's now there's like a coagulation of like real users and it's like very obvious they're real because people are finding pmf there is one two and maybe a little bit more esoteric there's a shot across the bow by a 16 z to give give $10,000,000 to an old client not literally but you know what i mean right like it's time to invest in this like consumer stuff and i i think there's a lot of narrative following there that could be interesting to talk in so i talked a lot for a guy who's supposed to be interviewing you no no that's a yeah

3:36Speaker 1

i mean my

3:42Speaker 1

it it's interesting as you were talking i i i thought that it's like consumer crypto seems to kind of like mean something different to crypto natives than what i think it maybe should mean and like it seems to me like you could think of consumer crypto as like crypto people who are using consumer like consumer applications so like i think that's kind of where farcaster is actually is like crypto people are finally like in an organized way using something that feels like a genuine you know normal consumer experience and i do actually think that it's like interesting and important i think you can also like flip that and think about but like the it it seems to me that like the real thing that we're going for and by the way like farcaster is amazing like i think that's super important but there's like also a different interpretation of it which is like not crypto people using consumer but like consumers using crypto and that like that is a different orientation and in a certain way like a different a different problem to solve

5:04Speaker 0

i think it's well i'll push back a little bit i think it's i think there's really only one problem which is like getting people to use good products and that's like my first principles like thinking like make something that's better than what exists and have people use it right and if you think about it from that perspective it's actually all really the same thing and you know we've got some like reporters like mike solana and i forget the other guy's name but the intercept guy who jeff goldberg sort of onboarded so there's like some thought leaders and like non crypto people who are obviously interested and aware but that's not like their day to day that's not their job coming along and as far as like the consumers using crypto like i had this cast the other day that right i really like i kind of threw it out there just as like on a whim but i really believe it now it's like it shouldn't be web three like we haven't succeeded we as a crypto people who like wanna make better products for the world haven't succeeded until it's just the internet again and if you need to like if you need to do that cross chain fucking multiple wallets whatever bullshit just to use your product sorry that's niche like it just it and it always will be so but there's but there's new stuff there's capsule and and these smart wallets a lot of that stuff i think is also gonna push a lot of things

6:11Speaker 1

yeah i think that like i feel like in the long in the longer view you're right that it's all one thing like it doesn't matter who you it's like make make make applications better by using the genuine value propositions of crypto like the genuine properties that allow for truly new behaviors right and and new ways of interacting with each other and the things that we have right like new value proposition make products better doesn't matter who's using it i think that that's like the longer view i think the reason it kind of matters in the short term is that like the way that you actually make something usable for for people before you get to that longer view it is totally different if you're approaching crypto natives versus if you're approaching people who have never used crypto before right so like that that's kind of what i mean is that like if you're building and you're assuming and you're okay with serving crypto natives primarily you can actually make a totally different product and a totally different product experience and a totally different distribution you know strategy whereas like if you if you want to actually attract serve and and retain people who haven't used crypto before i would argue it's like it it's it's an entirely different it's an entirely different product strategy like like through the entire stack of the product so that that in the long run i think they converge but like how how do you do it right now you know

8:05Speaker 1

it it seems like it it matters a lot and i can go into some of the things i think matter like you

8:12Speaker 0

know this is super yeah this is super interesting i want you to go into more because one of the reasons you're on here is like i literally just saw a tweet from a chicago guy named dale thoback who's like yeah just onboarded two people completely non crypto native to bracket we're already strategizing for the us open and i'm like yeah yeah that's it that's like that's the one right there like i don't think you need i i i wanna hear more because of all the products in the podcast universe i really think it's it's probably you guys in courtyard that are like the most non crypto friendly let's call it or however exactly you wanna describe this difference that we're doing so it's really interesting that you actually i wouldn't say disagree you have a slightly different perspective on me on this so so tell me more about the strategy with bracket and like what's working what's guiding the decisions because i think a lot of people are building whether it's like farcast or jason or whatever it is and like i'll be up like i think people are looking at success of bracket like how do i get some of that

9:08Speaker 1

yeah yeah

9:12Speaker 1

so i think it it it begins with you know

9:18Speaker 1

it it begins with the the difficult decision to resist the temptation of of finding like the capital where it already is right so like that i know that that's kind of abstract but like to give a to give a quick example it's like when when a user makes their account right and with their account they're making a wallet right what does that experience feel like what options are available right like what what's it gonna look like what's that experience that first time they interact with what you've built and i think that it's really really difficult in crypto like there are tons of people who have tons of capital in these specific places most of most of the time external wallets that they're comfortable with right so like a very early decision that we made in bracket which was which was a painful decision at you know is are we going to support that at all right like think about that like it's it's hard to leave behind people who say hey why aren't you letting me connect rainbow like i can get $10,000 in like in ten seconds if you just let me use walletconnect like we made the decision to actually not support walletconnect at all right like and so i think one's product strategy is like give every give everybody their preferred option right and so you end up having you can create you know with with your email more control your own wallet by using dynamic a lot of people are using privy and and also you can connect your wallet we decided yes that's where all the capital is but we want to challenge ourself to make an experience that is going to be compatible with people who don't have an external wallet and never will which is like every every other purse every person who hasn't used crypto yet they're unlikely to ever have an external wallet in my opinion like in in the in the future of crypto i think like external wallets are probably going away so like you know that that's a painful decision it makes it harder for us to onboard the capital that makes the game interesting but it's like we decide we need to challenge ourself to make that experience good enough that it's like consumer grade so that when we want to bring in people like like dale's friends that you that you mentioned when we wanna bring in people who have never used crypto before they're not going to have like a friction full experience and so like that's just a small example of and i think people can have different takes on this like i'm not dogmatic about how you have to treat a wallet but it's more indicative of like making tough decisions to like leave some things behind that are that are natural and accepted and convenient within like crypto native use to leave some of that behind to create a cleaner experience and a less scary experience and a less less friction full experience and also to like i think of it as like challenging yourself as a team to make that experience compelling you know which takes investment it take if we're messing as a team with like how to manage onboarding by creating an embedded wallet and how to manage onboarding by external wallets like as a small team we're now splitting our attention and splitting our building resources on these two different ways that you can come into bracket and so like i think part of it like part of what we've done i don't know if it's right or wrong but part of what we've done is like we're trying to we're trying to make those tough decisions and not say both and but say like what's the decision that we can make that will allow us to figure out how to make a truly frictionless experience for people who have never used crite

13:46Speaker 0

i i love this so much i'm writing back so many notes and we could dig into whatever you think is the most interesting but like rapid fire real quick stuff that i was thinking about is like one i would guess the capital is way stickier once once land somewhere though because you're not just sort of like a family living in someone's in someone's wallet right like once you deposit funds you're probably like committed right so you have this like nice filter to people who are actually committed to using the product definitely it's a lot less it's way less risky for folks like myself like wallet now because they cut some airdrops and it's like dude i don't wanna connect this thing to everything anymore it'd be nice to connect my broadcaster profiles so like add some identity but i don't actually need to be transacting with you every time the past key stuff was fantastic too but i think most importantly at least for me is this idea of like leaving something out yeah especially in crypto because it's early days or whatever it may be a lot of people to your point have the temptation to either go where the capital is or they pitch their vcs that like our tens of trillion dollars like okay now we have to try to get everyone because otherwise because they they don't actually have that long time horizon view of things like it'll be there eventually they're trying to convince themselves that it's there today just because i don't know there's some airdrop farming going on or there's some like lp rewards that have convinced you that that's the case yep but but you guys do a really great job of that and and the last thing i wanna touch on and and if whatever i i feel like this is gonna spark something farmer that's what i

15:13Speaker 1

i i i think the farmer your your point about farmers is actually also like super interest and you keep going but like that's a topic that's also interesting

15:21Speaker 0

yeah so the last one that i think is really really interesting is is this idea that like

15:31Speaker 0

how do i put this so i often use the example of like people are like how do you onboard someone to web three and i'm like that's a really dumb question because how would you onboard someone to the internet right and like having the wallet at the first step is like a crazy bad experience because like the immediate question is what do i do why do i care what fuck is this right and it's like what would you do to onboard someone onto the internet will you find something of interest to them right like are they news then you send them to yahoo news back in the day or whatever right or like do they love you know learning about niche niche things that they wouldn't be able to learn anywhere else we'll show them wikipedia they're gonna love it right or like they wanna connect with their friends and family members you show them facebook you don't just onboard someone to the internet and it's crazy that we need to onboard people into web three yeah for my money what i love about bracket one of the most things is like when people are like what should someone do i'm like fuck the wallet fuck everything else you like sports yeah we'll try bracket

16:25Speaker 1

yep

16:26Speaker 0

that's it that's the whole conversation you like sports draftkings takes too much money or it's scammy or like whatever it is right like or you wanna bet with your friends and there's no easy way to do it right bracket has you covered and we don't have to talk about you know we don't have to talk about what an l three is because the fact of the matter is it doesn't fucking matter to anyone i mean to non developers you know

16:47Speaker 1

what i mean i i i love that and i think that's like a that's a great way of putting like what what drives us in our design is that we don't want

17:05Speaker 1

to distract or complicate a user's experience both in onboarding and in playing and in being there right like

17:15Speaker 0

yeah

17:15Speaker 1

don't wanna complicate it with things that are that are irrelevant to them you know and irrelevant to the action that they may be interested in and i think it's one of those things that like there are people in crypto who who want it to be more crypto and more defi when they get into bracket which is totally cool and for for us we're just sort of like we we literally just tell them like we're not the best place to do that you know that's that's not what this is for like this is this is built for another type of thing and i think the the type of thing that you're looking for with like alpha and and being able to like arbitrage and farm and all that it's like there's there's better places to do that in crypto and better places to do that with crypto and sports related you know that and so like what we're trying to build is like very very much focused on that like core experience and i think that you know the an interesting question for every product team is when if at all do you want do you want your user to become conscious that they're in crypto

18:33Speaker 0

right

18:33Speaker 1

like you know that's like a really interesting question of like when if at all do you want them to become conscious that oh i guess i'm using crypto right like and i think there's no right answer to that it has to do with like there is no right design like the way that we think about it is we we think that the only time that a user absolutely needs to become conscious that they're that they're dealing with crypto is when they on ramp like when a user when a user gets funds into bracket they they do need to know that this isn't a dollar anymore this is a digital dollar like we we just did our first usdc game like they don't need to know that that's on base they don't need to know that usdc is like necessarily back like we wanna take care of that for all them and like make choices that we believe in you know for for our user that's gonna be safe it's gonna be cheap it's gonna be like as frictionless as possible but like there is that moment where it's like okay like i guess to play bracket like i'm using a digital dollar and like if if they get into a game and they're like i'm in bracket and i'm using dgen token you know we have some games on usdc some on higher some on dgen we'll do games with other tokens right like that's something where we have some users who have never used crypto before and they're like i don't know i don't really wanna play around with this money that i don't understand yeah but they like usdc you know and so there are moments where they become conscious and they start to sort themselves out into like people who wanna be more experimental with crypto there will be you know places for them to play around with that and grow into that and there's versions where it's just sort of like okay yeah i got digital dollars through coinbase but like otherwise i'm just like playing this game and i go in and out of like digital back to real dollars and it works smoothly and that's what allows me to play bracket

20:50Speaker 0

it's yeah and like well i don't know first of all what a digital dollar is probably a question for a longer podcast because like go try to pull out your entire bank account now and see what happens like try to get it in twenties and see what happens right like so that's one thing that i think is an interesting part but also like i'm a big fan of like not everything from the old world was broken the rhymes you know doesn't repeat type scenarios and this very much feels like getting chips in vegas and like i'm not saying everyone should go gamble or that bracket's the same thing but like you are now aware that this chip it might represent $50 and you could check but you are now entering the system right like you walk into the casino things have changed adjust your behavior treat it differently we're now having fun right like that's the whole point of chips instead of valid right it's like we we are now trading our dollars and we're going to go have fun right and then you get that feeling right and i think bracket has done a really good job yeah

21:45Speaker 1

it's a magic i do think it's a one of the best ways to become comfortable with crypto is convert your real dollars into something that's not dollars could be usdc could be you know eth bitcoin dogecoin whatever

22:04Speaker 0

warps

22:05Speaker 1

warps right like convert convert your dollars right that you're familiar with that has real value into something else use them and then go back and see that like wait i just i did a whole cycle right like i converted my dollars into something i used it i saw how it changed and then i went back in their dollars again okay like this works right like i think yeah

22:32Speaker 0

like i had an i had an experience like i had experience somewhere else

22:37Speaker 1

you that's a huge i mean that's like 80% of feeling comfortable with doing like everything else in crypto is having that first cycle of going all the way through of seeing like oh yeah this all works like i'm comfortable with that right like

22:56Speaker 0

yeah

22:56Speaker 1

i think we underrate that now that like we've been in the space for a while but like i think i remember even my first time you know buying these things let alone using these digital assets like the first uses that i was having was really like nfts and i think like the the whole process of like i bought it you know i used it i held it i got back out my dollars are where they were like even for me that like gave me a ton of confidence to do like more and more and more you know within the space

23:31Speaker 0

a % the first thing i did in 2017 was i bought ethereum i immediately sold it from pointbase and immediately withdrew it just to make sure that it was theoretically possible no i you

23:42Speaker 1

speed ran you speed ran like i don't

23:45Speaker 0

know but i had track by so i was like i was very suspect but yeah no

23:49Speaker 1

i anyway like i think you know part of it is i just i think we're we're we're sensitive or we try to remain sensitive that like to what crypto feels like when you first use it and in remembering that we all went through that in some way and like creating experiences for people that allow them to like both ease into that to have a great experience like which is on our end to make decisions where we're not we're not trying to you know hide things from people or push people to do things that are risky you know that's also one of our design decisions it's like we don't want our non crypto users' first experience to be some like super high risk thing that they may not even be aware of how high risk it is you know like because that's not a great first first time doing something

24:52Speaker 0

i think bracket like i don't know you tell me but like bracket's fun and i think that's a very like i don't know it's the only north star but it feels like it's one of them and and like taking on a bunch of risks that you're unaware of is super not fucking fun yeah but we are running close to time and i wanna make sure we get into some talk about because you you hit on it a little bit but like you guys crush with the community side like you guys absolutely smash like there's regularly people talking about like dude the best part about bracket is the group chat and i think i you know we talked about this post farcon where like i think there was a big unlock for me personally when it changed from like this is sports betting to draftkings like no this is community driven like entertainment and sure there is a betting aspect you can earn money but it never really felt like i i've been sort of averse to like poker with my friends because i have something against like taking money from my friends right right yeah but this felt totally different like it's skill issue or like whatever you wanna call it but tell me a little bit about how you guys approach community and and building that it doesn't have to be super tactical but like anything that you think about when you're when you're sort of developing that muscle let's call it to to generate a a community around bracket i think that would be super helpful for people listening and trying to

26:07Speaker 1

do it for themselves i mean

26:11Speaker 0

so

26:13Speaker 1

you you've been on the cutting edge of like seeing this even like at e even like a little bit sooner than we were seeing it like just to give you credit like i remember some conversations we've had like in person like outside of outside of farcaster like i think you were feeling that social element like even a little bit faster than we were feeling it internally as a team and the cool thing about it is that it was like

26:46Speaker 1

social is a huge part of bracket and i would describe it as like

26:52Speaker 1

you know when it's fun to watch to be like in an event with your friend you know with your friends and that could be a concert or that could be a show that you're watching together but it's like not that easy to create the context and experience of like we're all in this like did you see what happened like that was crazy right like i can't believe this they did this or what was going on in the game and i think that that experience the social element is the is one of the probably the thing that makes it way more fun and it's like imagine watching imagine every a lot of people have had this experience like you're at a family christmas party your uncle has like a hundred dollar bet on the ravens and all of a sudden like everybody's just kinda bored at the party and he's like really into it and then everybody who doesn't have a bet they just start cheering because your uncle is so into it and it's like okay we're all on the beat for the ravens then you get somebody else who's kind of like you know maybe antagonizing or trolling him who's not gonna like root for the other team and it becomes like this really fun engaged thing where now like everybody's into the game and they don't even have to have any money at stake and i think that's like when you look at that experience it's like it's a value add able to like get into these live events that are unfolding in front of you

28:23Speaker 0

dude that's huge

28:24Speaker 1

a lot of bracket like a lot of bracket is that that social element and it emerged so much because of farcaster right like farcaster i mean it was absolute like it it was a magical element of i can't even talk about it in the past tense like it it is such a magical element and has been such a magical element of what we're building because when you bring so in bracket like everybody can get their purple check they connect their farcaster right like we run a big group chat for everybody who's active you know in bracket and so people are talking about what's going on and and when people are trading you can see like you know that oh my god like redux like rug rugged me again right like i get in he sells it's like basically i'm his exit liquidity and it's funny right like it's actually it's it's a fun experience to have with each other like i got one over on you or we're in it together or you know like you know mike is like never selling you know the the panthers right like it's just sort of like these these things that form new contacts to our relationships that are happening like in sync with these events it's because people have purple check it's because they know each other from farcaster it's because we have this big group chat all that stuff for our community building farcaster has given so much context to what's happening in this fun game and we've realized that like that's the really sticky that's the really sticky thing about what we're building right

30:14Speaker 0

abs yeah absolutely

30:16Speaker 1

in essential right it's essential and and you know i think that that is everybody what everybody is building is different but i think i would encourage more builders in crypto and in farcaster i think like taking the social piece and like taking it less literally right like you don't have to build a card trading game it's like that's like making the social element like the centerpiece of your whole product in a very literal way i think like from what we've experienced i would encourage people to like make something fun and see how the social context of farcaster see how it will change and amplify the experience like discover it by using it and it might surprise you like that's that's what's happened to us like it surprised us we didn't set out to build a social app we're basically building a social app around sports like we did not intend to build that primarily it was totally emergent from farcaster so i think that that's like a a thing that other people might enjoy trying and leveraging farcaster for

31:30Speaker 0

i'm very happy that i've once again managed to bury the lead to the very end of the podcast but i'm gonna i'm gonna clip that a hundred percent i love it i know you gotta get going i gotta have you back on though i think just a couple of closing thoughts i think people are desperate for this like it's it's emerging because people are really desperate for it and i know you and i could get deep into the philosophy and i always use like the sort of falling out of the church as the social structure like the point really like wasn't to go yeah and do that but but as it sort of failed a lot of people along the way i think people are looking for again it's a social construct but it's gotta be fun first and then you can't just jam defi primitives into it to make that happen and the last thought that i i wanna have if you've got a minute to respond feel free yeah yeah but but all this stuff that you're talking about is fun i believe deep down in my heart it would not be fun if it was happening in my own wallet and i could see peep i could see my network changing on a day to day basis it totally recreates the experience if my main wallet if i see myself losing money every time i play bracket and lips because i always this money when i play bracket i haven't won i'm having fun but it doesn't matter it's a totally different experience and i think those those decisions have paid off in spades but any closing thoughts definitely throw off some ctas for bracket if you have any what what should people do if they if they if they wanna get involved

32:52Speaker 1

i mean come come like i mean just come come play right like we're we're putting a bracket out for like every major sporting event or or nearly everyone like we're pretty rhythmically like putting brackets on the major things that are happening so like olympics will have different bracket games for different you know olympic events it's gonna be super fun us open tennis f one right and then we launch into like a lot of major major sports brackets so it's like i think the thing is is you know you come play around like hang out in the group chat if there's an event that you're like going to be watching it anyway that's when i suggest playing bracket right like it's like if you feel like you're gonna be watching like the women's soccer in the olympics come play that game because you will get to watch it with other people who are having fun and it's it it's not even about making money it's about getting excited about about the event itself so that that's what i would encourage people is like if there is some sporting event that you already like and already will be watching casually come use bracket dm me like make sure we get you like in the in the group chat we're excited to like bracket two point o like everything that we've learned from launching quickly and iterating quickly the the new kind of version of bracket that builds on all of that will be released early in the fall and it is going to be like heavily around creating those social spaces that are like maximized and as as like native to bracket and as fun native to that event as possible so like super excited about that but like continuing to like do events for all major sporting events till then and we'll also be doing some more like flash brackets on real like we did for farcom pickleball like we have more of those more of those experiments planned

35:08Speaker 0

epic man well i'll i'll push back on a bombshell i will say that if you don't watch sports you should still join because i don't watch i was just like it's just fun like just go do it yeah so i'll do that but thanks for coming on man it's such a pleasure to have you

35:24Speaker 1

we should do another one i love your questions like it it it it's a fun chance to to reflect and you've got such great such great taste and and really i i super appreciate how when you see something the seeds of something special like you you encourage it and make sure that the builders are noticing it i really appreciate that because when you're building you don't always see what's fresh and special and like you're amazing at that you've like literally helped us a lot

36:03Speaker 0

you're so kind man tim thank you so much for coming on and i i have nothing but kind words to say to you i wish nothing but the best for bracket and i will i'll let you get going because i had a hard stop but thanks everyone for tuning in i'll see you next time yeah

36:18Speaker 1

good to see