jtriley.eth
@jtriley
incredibly refreshing to see notable voices point out the speculation and speculation accessories meta. venture capital was a premature abstraction, rocket fuel showed up looking to take off and the rocket isn't assembled decline of hilarious defi summer yields and subsequent nft frenzy leaves an increasing pool of capital looking for increasingly scarce yield. as capital moves to other industries, it will be generally considered a "death of crypto" but is exactly the opposite. cultural maturation happens when there is no bag for which dishonesty can benefit the revolution will be underfunded
7 replies
1 recast
81 reactions
androidsixteen
@androidsixteen.eth
> venture capital was a premature abstraction This is by design. In revolutionary tech paradigms, financial capital shows up during the installation phase (the mania) Production capital, ie. capital that actually cares about use cases and real value, doesn't show up until the deployment phase. We're at the turning point now
1 reply
1 recast
47 reactions
Royal
@royalaid.eth
Yeah, we hit the peak of euphoria and are just shaking off the trough of disillusionment. We might need to go through another hype cycle tho 😕
0 reply
0 recast
4 reactions
Matthew
@mpryor.eth
The revolution will be underfunded
0 reply
0 recast
2 reactions
Syed Shah🏴☠️🌊
@syed
I like this framing. Intuitively feels right.
0 reply
0 recast
2 reactions
Iron Chef Leftovers
@irn-chf-lftovrs
Well stated! 👏
0 reply
0 recast
1 reaction
acai 🚽🐇
@acai
200$farther
0 reply
0 recast
0 reaction
