teddit

Idk what clearer evidence you need that this space is dominated by gamblers & cults over investors & economic sustainability:

Trump announces a serious DeFi project, limited demand. Trump meme token with awful tokenomics? To the moon!

for anyone feeling discouraged about the future of crypto, now is a really good time to re-read @matthuang's "The Casino on Mars"

10/10 read

for anyone feeling discouraged about the future of crypto, now is a really good time to re-read @matthuang's "The Casino on Mars"

10/10 read

https://www.paradigm.xyz/2023/09/casino-on-mars

/ted | exploring the onchain frontier | surfing @ venice, ca | eating @ gjusta / gjelina

that “serious defi project” was KYC restricted to accredited investors🙄

tightass, condescending eth dorks shouting from their ivory tower and no wonder eth has gone sideways forever

okay then why make the comparison in the first place because they are clearly two extremely different things as you’ve just illustrated in this cast

yes there is limited demand for the option restricted to a tiny subset of people and forcing you to give up your privacy

yes this space is “dominated by grifters and cults, not investors and economic security” because the former has an order of magnitude of less friction across the board

something something, water flows thru the path of least resistance

okay, let’s be a a bit more realistic and a bit less melodramatic.

any serious DeFi project in the US that could be considered a security must play by US rules — which includes KYC and accreditation regulations. memecoins are positioned as non-securities so not subject to that. not the fault of “eth dorks.”