Industrial farming strips the soil of minerals and other life-giving properties

People then must take magnesium bisglycinate, trace minerals, and other supplements to make up for the deficiency in meat & produce

Feels like the game is “rob you of your birthright, and sell it back to you as a product”

That’s what happens when you optimize around a narrow set of variables.

Essentially same thing has happened with the internet, and we all love crypto because it’ll bring back a healthy rainforest

Working on building zkTLS infra/products. A ruthless empiricist and meme connoisseur.

/opacity
/eulerlagrange

it is just 1 variable being optimized, for profit I guess

Alchemist. 
Block Builder. 
Creator.
Degen. 
Ethereum dev. 
Farcaster Framer.

I’d say it’s a bit simplistic to view it this way.

Many venture backed companies in crypto, like Solana, that build open and healthy ecosystems. Whereas Reddit/Twitter closed off APIs.

Investors also expected a profit

The problem there is how the investors expect a profit, via tokens. The sooner we reject this model, the better for crypto.

BDFL of Quilibrium, Eng @ Farcaster, ex-Coinbase, always opinionated, never hydrated

/quilibrium

I'll politely disagree — if a token is a commodity, venture investors should have no interest in it, they should be concerned with the business' equity. The fact they are so interested in it means they explicitly treat it the same as equity (and many say as much), meaning their incentive is to make the company pump the token, and get early exit liquidity on a secondary market (which regulations on stocks won't let them do). Many of these VCs will also go as far to say they don't believe the tokens of their portcos are securities, but when they simultaneously treat it as equity, they're either dumb, lying, or both.

During the dot-com bubble there were many IPOs that were BS businesses that did nothing but create exit for investors. But, there were also some that resulted in terrific businesses.

My point, profit via the token is not the problem. With compliant good disclosure regimes capital formation using tokens can be a great thing.