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anand iyer
@ai
Starting to see a real bifurcation among crypto founders: those who believe crypto is nothing but a speculative platform (and that's all it can ever be) vs those who want to see non-speculative utility emerge on-chain.
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billzh
@billzh
Speculation as a go to market strategy
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Mac Budkowski ᵏ
@macbudkowski
As much as I think there's a place for speculation in crypto, I think too many founders implementing these gambling features can have a detrimental effect on crypto (picrel) Even wrote a blogpost about it (linkrel) :) https://kanfa.macbudkowski.com/speculation-market-fit-trap
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Tayyab - d/acc
@tayyab
I can see how one’s personality lends to being on one side of the fence over the other. But likely it’s both. Crypto is the internet with an added casino. But that’s also similar to physical society: you can earn here, but also bet your capital for larger gains (lottery, entrepreneurs, gambling, investing)
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Nico.cast🐱
@n
Crypto has been a technology of 'wanting' more than 'needing' for most people, hence the speculative side Do you think it will change?
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July
@july
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Cameron Armstrong
@cameron
who do you think will win
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tomu
@tomu.eth
I hope there will be more of the second group
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Liang @ degencast.wtf 🎩
@degencast.eth
is it possible that both are true, being speculative and with utility onchain
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Ben - [C/x]
@benersing
Does this materialize in founders focused on gambling / gaming vs those focused on social, etc.?
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Ben - [C/x]
@benersing
@saymore
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William Allen
@williamallen.eth
the non speculative use cases are heavily penalized via regulation (bitlicense, IRS tax reporting requirements) and other industries (no crypto-related advertising on google/meta/etc, bank closures of crypto co banking accounts) so speculation will, somewhat ironically, continue to dominate.
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Jackson 🎩🍖
@jacks0n
I don’t understand how anyone thinks the value is still speculative 😃 The utility is money, at minimum. I can email you money right now if you give me your domain name. Now extend that to all the legacy financial infrastructure. ever tried an international bank transfer?
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Christian
@cristi
Sometimes you need to tune in towards the first option for a while until non-speculative utility is adequately rewarded.
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