teddit

hard truths:

1. crypto isn’t growing, in fact it’s more cringe than ever because of the new admin embracing it / $trump

2. it’s not realistic to generate a full-time sustainable income on farcaster, $degen and $higher were anomaly wealth events

3. majority of the world doesn’t think in terms of markets 24/7

More proof that crypto is growing (and not just stables). Curious how this doesn’t show growth

helping build farcaster | surfing @ venice, ca | eating @ gjusta / gjelina | “lucky me, lucky mud”

monthly active addresses is a bad statistic to use because it’s not sybil resistant. 

one person could have 25 active addresses. the more time you spend in crypto, the more likely you are to have multiple addresses.

also embedded wallets create new wallet for every app; could all be same users past few years.

in this cast, i meant it more as new users coming in  / popularity

not best metric; others will care more about AUM or onchain transactions

All true and good points. Suppose it depends on how you’re defining “growth”. Which statistic do you think would be best to assess crypto growth?