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https://warpcast.com/~/channel/brypto
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androidsixteen 🌲
@androidsixteen.eth
If you believe in the Perez framework (https://avc.com/2015/02/the-carlota-perez-framework/), then trying to recreate Pump on Ethereum not only has cultural headwinds, but market headwinds as well The next era of crypto is about production capital, not financial capital. Capitulating to speculation now is a laggard move
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shazow
@shazow.eth
Agree, though IMO it's less about speculation and more about high churn/short duration games. It's unsurprising that they can get really popular really fast, but it's the furthest thing from a reliable long term commitment.
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androidsixteen 🌲
@androidsixteen.eth
Sufficiently advanced high churn/short duration games are indistinguishable from speculation :)))
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shazow
@shazow.eth
Topkek, but srsly I'd argue that at best we're working with a poor definition of speculation. Speculation in an objective sense has a lot of value, we can (and must) speculate on long time horizons, both on low risk and high risk endeavours. Everything relies on speculation, but that doesn't make pumpfun everything.
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androidsixteen 🌲
@androidsixteen.eth
@kia has given me this spiel before Speculation is a necessary but not sufficient market primitive
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shazow
@shazow.eth
Not just markets, but everything. Even ML relies on speculation (scoring heuristics), as do humans as we learn how to walk. The thing we're actually upset about is extractive high churn/short duration games. Extractive because the house walks away with $500M+ in profits regardless of the outcome, high churn because almost everyone loses dramatically, short duration because it happens on a timescale of minutes to days. It is the polar opposite of this: https://warpcast.com/shazow.eth/0x72730c3d
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