brypto

The majority of people in the world (I’d guess 95%+) are indifferent to or dislike speculation

If you make products that are explicitly around financial speculation, you cede a massive TAM

But it’s unclear how to win real users. So the industry accepts the local maxima — higher floor, lower ceiling

i disagree with this. the practical example that serves as a contradiction is the tshirts of the major soccer (most popular sport) teams down here in chile. they are all sponsored by websites where you can speculate on sporting events. that’s where the money that fuels one of the main mainstream circus (soccer) nowadays come from, because that money flows back to those systems. people want to gamble

95% of us love the perspective of easy money

I thought about sports betting as a counterpoint to this, but I think it’s a bit unique because of its proximity to culture

Gambling feels sleazy while sports betting feels fun — I think this is why socially it’s become less taboo as well

We all want easy money, and to be right, but within the confines of what’s considered socially acceptable

Also why crypto has a bad image — it ignores “the line” that society draws because society has no clear way to stop it