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a lot of people are talking about how this cycle is different
how we’re seeing these little meta bubbles emerge that span no more than six weeks before crashing down
how we used to at least take the stairs up before free falling in the elevator
now it’s almost always an elevator round trip, but why?
the obvious reason is pre-inaugural uncertainty & volatility, but this is too easy of a cop out for me
to me, this feels more like normal industry progression; like the industry is maturing
except, just like everything else in crypto, this means the opposite
not only does it mean that the novelty is gone, but more importantly, that the belief is too
the multicyle folks simply no longer care: not about the big picture, not about changing the world—a truth too few & far inbetween
they’ve read this story before, in fact, many times over & they know that the hero always dies in the end
so they are no longer here for the tech & they are no longer here for a long time
they are only here to make it 8 replies
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this leads to aggressive profit taking by those who have seen others make it in the cycles before—why not me, they ask
they do not want to round trip again & they know that the token they’re holding is worthless outside of belief
belief, that they were sold on last cycle; belief, that has continuously been proven to be fragile at best
but what about the newcomers?
ser, what newcomers? we are all 35
the new entrants that do find their way into crypto end up trading “weener token” on solana where they inevitably get rekt by those who have come before
they are certainly not here for the tech
so what can we do? how can we combat our fragile belief system?
the answer, i believe, is to kill the belief system in its entirety
it’s time to provide value, not promises; utility, not hype; deflationary tokenomics, not memes
we win here by creating a safe heaven; by giving folks on base a place to go to park their tokens
a place where devs are shipping & tangible value is produced, not belief 4 replies
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