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we can definitely have both — speculation and utility — and no one can stop that.
but let’s be honest: speculation often does more harm than good. people lose money, get burned, and what sticks is the idea that crypto is just a giant casino.
as @jacopo.eth mentioned at /appcon, we spoke with a lot of people — and most of them instinctively backed away the moment they heard “bitcoin,” “ethereum,” or “crypto.”
of course, i’m not saying there’s no innovation happening. pump.fun and clanker introduced new, creative ways to launch tokens — and @zora took that further, blending speculation with content and culture in interesting ways.
they feel like sparks — early steps into a new design space for builders.
but at the same time, they also feed a narrative that, to me, is still net negative for the broader audience. 1 reply
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