My hot take re "too much investment in infra": there's too much investment in *some kinds of infra* and not enough in others, and what's actually going on is, people want to invest in "the casino" but still feel good about themselves, so they invest in the subset of infra that gets spillover profits from the casino.

sounds right. ways to tax it ala degen communism?

This degen communism thing is abhorrent shit. Crypto was born as the exact opposite of this. Can't think of a bigger downer than this dull take. Vitalik should stick to code, he's good at it at least.