basil (recession arc)
@itsbasil
to tokenize everything is to tokenize nothing & simultaneously to dilute everything fundamentally, value is scarce; attention is scarce; liquidity is scarce you cannot accrue sustainable long-term value in any meaningful way in a completely lateral, fully tokenized systemโit will leak; outflows will outpace inflows you will only welcome incremental volatility & disproportionately increase the amount of everyday losers relative to structured markets there is no consumer protection or provisioning in this system; meaning more consumers will lose in this system than in current models, which are already flawed as is the only people who fully stand behind this ideological agenda of tokenism are the teams who own the launchers, chains, dexs, vcs and the other intermediaries this is tellingโฆ there is no PURE consumer on the other side of this debate; itโs just business itโs like watching a train fly by that has lost its breaks; we fight the inevitable because itโs heading towards disaster
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๐ถ๐๐๐๐ฉ๐
@toyboy.eth
yes: the only ones cheerleading this paradigm are those with equity stakes in the infrastructure. Theyโre not wrong to pursue business goalsโbut itโs dishonest to sell that as liberation or inclusion. Thereโs no โuser-firstโ here, just user flowโand the exit liquidity is always retail.
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artlu ๐ฉ
@artlu
I said this earlier today-- earlier attempts at crypto native innovation (peaked ~2 years ago and it's swung the other way since then) were about broadening ownership, sharing upside, tearing down gates. Can anyone truly say today they share in the upside of any project's success? Warpcast Rewards, Degen, Clanker. Paragraph, Ponder, Zora, Eggs. BASE. At least with ๐ฉ and ๐ค ๐ and ๐ ๐ฅ one may choose to buy and hold and that huge spirit may be rewarded. The others lead to serfdom in $3 and $5 steps. Please convince me I'm wrong / share a full-throated case for Promiseland
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