polynya pfp
polynya
@polynya
Alas, in the 2+ years since, the vast majority in crypto have pivoted sharply towards full on greed, degeneracy, nihilism, and crime. Of course, there's a small minority that continues working on useful sustainability, and I have the utmost respect for them, but that keeps getting smaller by the day.
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binji đź”´ pfp
binji đź”´
@binji.eth
what systemic forces have shaped this shift & is it an inevitable phase in the evolution of disruptive technologies or a reflection of our deeper flaws the reside in innate human nature?
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polynya pfp
polynya
@polynya
Greed is the human instinct we have failed to keep in check. It's not inevitable at all, most emerging industries have consortiums and strong intra-industry cooperation. In crypto, there's too much infighting with the focus on attracting greater fools, than improving our mechanism design and culture to be less negative-sum. Worse still, most people actively encourage it, while the minority who see it as a problem just give up "it's just human nature, we can't do anything about it, I'll just focus on my lane". Categorically false. Literally, capitalism, which makes the modern world go round, is an exercise in harnessing greed to be positive-sum through good design & regulations. Crypto is a rare and specific failure case, and it'll continue to be till the industry self-reflects and forms a will to improve. There's also a lack of good regulations by most governments, but I'd argue this is largely downstream of the above.
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Catch0x22 (2025 variant) pfp
Catch0x22 (2025 variant)
@catch0x22.eth
it's the widening gap between rich and poor
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Liv pfp
Liv
@liv
I think we as an industry have to focus on building net positive incentives. Good examples of projects already doing this: @optimism and @gitcoin There’s been a trend over the last two years of incentives built for PvP dynamics and greed, which is why our space attracts more unsavory people than the average
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Nick pfp
Nick
@nintynick.eth
moloch; markets not human nature; it can be solved with mechanism design but we haven't done it yet (or focused on it enough)
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Jignesh pfp
Jignesh
@jigneshdavda
There were some clear trends that emerged post Covid, increase in gambling being one. Solana and especially pump seem to leaning into this for profit. Many popular online experiences today (web2 and web3) seem to be intentionally targeting weaknesses in human nature like addiction/gambling, and chasing cheap dopamine.
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Brad Rumbl pfp
Brad Rumbl
@rumbl.eth
It's not necessarily the flaws of all innate human nature, but in a select percentage of the population that has narcissistic, Machiavellian and psychopathic traits. Almost all the problems we see across every sector is down to these types of people. Naturally anything they see that can bring them power will attract them, whether it's money, influence, or even an industry that involves many vulnerable people. And to the dark triad anyone that isn't them is seen as vulnerable.
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Westwood pfp
Westwood
@westwood
The latter. Freedom tech allows unchained human impulse. Humans require checks and balances lest we succumb to our inner demons. In an industry that doesn’t have a way to police itself and the actual police have been told to fuck off (the president and those in power are in on it) what would you expect.
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