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Saadiq
@saadiq
Crypto Speculation vs Consumption TLDR: While blockchain technology offers promising benefits like digital ownership and neutral platforms, its potential is often overshadowed by rampant speculation. The ease of creating tradable assets leads to: 1. NFT markets driven by profit rather than stated ideals 2. Incentive systems (like Farcaster’s $DEGEN or $MOXIE) vulnerable to gaming threatening organic behavior 3. Influencers potentially misleading followers in volatile markets These factors create obstacles for consumer adoption of crypto, as the speculative culture conflicts with the technology's long-term success. Balancing speculation with genuine utility remains a key challenge.
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