teddit

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!

for anyone feeling discouraged about the future of crypto, now is a really good time to re-read @matthuang's "The Casino on Mars"

10/10 read

for anyone feeling discouraged about the future of crypto, now is a really good time to re-read @matthuang's "The Casino on Mars"

10/10 read

https://www.paradigm.xyz/2023/09/casino-on-mars

Ethereum

My thoughts on Ethereum’s current narrative, the risks of memecoins, and why we must ensure it remains the home of innovation—not speculation.

Let's remind ourselves and others what Ethereum truly stands for.

great read indeed.

I'll use the occasion to clarify that speculation can indeed fuel innovation under the right conditions, but to Ethereum today it also:
- penalizes innovators and rewards value extractors
- prioritizes short-term gains over long-term utility
- obscures main value prop -> hurts the narrative -> confuses new users -> hinders adoption

/ted | exploring the onchain frontier | surfing @ venice, ca | eating @ gjusta / gjelina

great read indeed.

I'll use the occasion to clarify that speculation can indeed fuel innovation under the right conditions, but to Ethereum today it also:
- penalizes innovators and rewards value extractors
- prioritizes short-term gains over long-term utility
- obscures main value prop -> hurts the narrative -> confuses new users -> hinders adoption https://warpcast.com/jacopo/0x8a430ec1