Idk what clearer evidence you need that this space is dominated by gamblers & cults over investors & economic sustainability:

Trump announces a serious DeFi project, limited demand. Trump meme token with awful tokenomics? To the moon!

/ethereum foundation | opinions are my own but more than likely they come from Vitalik's blog paragraph.xyz/@chaskin

A doodler and computerer. I like permissive/permissionless open source, smart contracts, p2p systems, room-scale VR, and NixOS.

shazow.net

Currently: WhatsABI

Do you think this will still be true in 100 years?

"Dominated" doesn't seem like the right word. "Infested" seems more accurate.

None of the people causing that garbage to pump are "winners". There exist social networks where degen garbage is amplified to be maximally extractive and harmful to its users. I'm glad to not participate in those spaces. Their time is limited.

humans are predictably irrational. the market needs better algorithms, not emotions

both ETH virtue-signalers and the Democrat Party fell for a really simple rule of markets and politics

any publicity is good publicity. 
electing to purge attention in lieu of unflatteringly negative attention is certainly an option, 
but it's a distinct, immeasurable tradeoff
of popular standing for subjective fidelity.

retreat is an option?

you're all griping ethics or cheerfully putting on a Milady pfp, 
because there is an incentive & outcome, 
however simplistic, 
for as many impressions that parasocially validate 
that sense of fulfillment going to your lizard brain.

Nothing screams 'crypto' louder than ignoring utility for meme token moonshots. It's a wild, wild space. 🫡

bro never played the oregon trail and it shows