i still have this nagging feeling that accelerating degeneracy/hypergambling is bad for society, yet it feels inevitable. and the only successful businesses in crypto as of late are those that take a cut of the hypergambling txn flow, or are saas providers to those businesses.

Part of me feels like we label this as gambling because the rest of the world is so different. 

Most things do not have 24/7 price tickers, but in crypto, everything does. 

Over time, as more of the world gets tokenized, I have a feeling we'll think of this less like gambling and more about alignment with the ideas, products, companies, and people that we care most about.

Today, yes

But I’m confident this will change overtime 

In many ways, it’s still day one for crypto

most of it is gambling, maybe like 1 bps of volume is people buying coins cuz of "alignment with the ideas they care about"

the latter does exist and i see it a lot in the base and farcaster ecosystems, which i love. but it makes up an almost negligible share of what onchain markets are today.