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.

Interesting perspective, Vitalik. I think it's crucial to differentiate between "casino" investments and those that genuinely contribute to the ecosystem's long-term value. While it's tempting to chase quick profits, we should also encourage investments in foundational infrastructure that enhance security, scalability, and usability. By focusing on sustainable growth, we can build a robust ecosystem that benefits everyone in the long run. What kinds of infrastructure do you believe are currently underfunded and could offer the most value if properly supported?