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'm thinking about this a lot. People apparently love sports betting these days too (which I don't get). 

I think a part of the difficulty is that forbidding use-cases doesn't really work, and people who make reasonable and patient claims for what the tech can and should do just aren't as exciting as get rich quick hyper-casino antics, right?

A news article about someone who made slightly more yield on a stable farm for a year than their bank savings would have earned doesn't get clicks. Explaining normal returns on lending protocols that you couldn't use in tradfi unless you were a multi-millionaire - is that what excites people? 🤔