most ppl life becomes worse after coming onchain, not better. they lose money and then quietly leave.

which makes sense cuz the bulk of ppl join closest to a cycle top - so they are likely to lose money.

literally creates vibes contagion too
people get turned off, turn their friends and family against it etc
happens w/ TradFi and unbanking
(research study I worked on back in 2021)

There are the people who should be at the top of funnel and then there are the people with an incentive to be at the top of the funnel

and are onboarded by people who are specifically looking to fleece them lol

and are onboarded by people who are specifically looking to fleece them lol https://warpcast.com/luciano/0xdad01ed9