same story as nfts in 2021 — people touch the stove, get burned, and walk away thinking all of crypto is a scam

every cycle, the grifts win short-term but kill long-term trust

build real things, for real people

The normie barista who used to ask me about crypto everyday got burned with memecoins and doesn’t talk about it anymore.

He’ll probably just buy BTC and ETH moving forward.

Many such cases.

Eli Scheinman

same story as nfts in 2021 — people touch the stove, get burned, and walk away thinking all of crypto is a scam

every cycle, the grifts win short-term but kill long-term trust

build real things, for real people

https://x.com/eli_schein/status/1891487038307782663?s=46

you probably don’t think about liquidity enough // it is what it is  // build value, not valuation

| 🎩  |  ↑  |  ⌐◨-◨

i have one of those rocks lmao, not sure which

Gm

https://opensea.io/collection/wrapped-ether-rock

I've researched this in another context. A not unsubstantial amount of unbanked folks **unbank themselves** because friends and family got burned, no first hand experience required.

We are souring more than just the gamblers on all of this.