How Smart Accounts Flopped (And Why That’s Changing Now!) | Kurt Larsen (Co-Founder, Rhinestone)

Описание: Follow interop/acc on Substack: https://lifi.substack.com
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While most complained about crypto’s UX problems, Kurt Larsen, co-founder of Rhinestone, went back to the drawing board and tried to solve the problem from first principles. That path led him to wallets, the interface layer that touches literally everything we do onchain.

As crypto evolves, so do the demands placed on wallets. That’s where smart accounts come in, wallets designed to work the way the onchain world actually works today.

But good ideas don’t always take off right away. Smart accounts hit the usual adoption walls: fragmentation, lack of standards, developer inertia. Progress has been slow, but it’s happening.

And Kurt’s bet is that, eventually, every wallet will become a smart account. In this episode, he explains why.
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Key Timestamps:
0:00 — 3:28: Intro to Rhinestone and Their Smart Account Bet
3:28 — 8:08: Why Smart Accounts Haven’t Lived Up to the Hype
8:08 — 12:10: Why Wallets Have Been Slow to Innovate
12:10 — 18:20: The Embedded Wallet Thesis
18:20 — 20:00: Are Embedded Wallets the Evolution of Account Abstraction?
20:00 — 21:35: Did Account Abstraction Fail or Succeed?
21:35 — 24:35: Chain Abstraction Is The Evolution of Account Abstraction
24:35 — 29:35: Will UX Go From Moving Funds Across Chains to Spending Funds on Any Chain?
29:35 — 36:20: Standards in Crypto: Open Source vs Building Moats
36:20 — 39:08: State of Today’s Crypto UX and the Obsession with Speed
39:08 — 41:25: Role of AI Agents in the Onchain Economy
41:25 — End: What Can Smart Accounts Do For You?