memecoins set crypto back 3 years but i’m glad 800 people made a few $100k at the expense of 250,000+ people

this is one of the biggest misunderstandings about crypto: if you build it, they will come

they won’t, not anymore 

because you, as a leader, leaned into garbage over & over & over again & more than 95% of people who followed you lost money 

they are not coming back, ever 

good luck with the onboarding tho 

[insert meme: well if isn’t the consequences of my own actions]

yappin in /midwits & creating idle rpg /animarising

I agree with the general sentiment *but* would argue it accelerated the inevitable and because of that it'll be a net good.

It's created a black hole for us losers who are still around to cannibalize the few resources that remain. As we descend to nothingness, I can see something totally new emerge, in such a way it's so far removed away from blockchains that most people won't even realize it's the underlying tech. Similar to TCP and HTTP in the 90s Internet boom (albeit those protocols came with no baggage, especially being correctly associated with grifts).

I imagine zk proofs will be the catalyst for public ledgers being useful somehow. How exactly though, I don't know.

NFT enjoyooor, crypto student, $DEGEN🎩, intergalactic blockchain explorer. I'm not a moon boi, I'm a space man✨ 👨‍🚀✨

i’m with you & believe it’s inevitable, particularly as new novel unlocks become available & better systems emerge 

this, of course, will only happen with complete abstract due to our own historical mishaps 

more to that end, founders here now have to work twice as hard for half the reward & there is no saying when that zeitgeist will flip 

we can blame regulation, and i agree that is was a big factor in the shitcoin era, but we’ve built a lot of this shit already in 2019-2020 & it all collapsed into greed 

either way, i’m more so saying that we can only blame ourselves & a quick look at history will show you that it’s always ended one way despite any breakthroughs 

so maybe this time is different & i hope that it is, but generally, that hasn’t been the case not in almost 10 years of history

the reality is that our leaders have burned bridges that may not be repairable leaving full abstraction as the only path forward

yeah, i agree. sort of captured your sentiment here

yeah, i agree. sort of captured your sentiment here

https://warpcast.com/itsbasil/0xd9a214d3