Ethereum

hate it or love it, the Global Casino has PMF,,

A money manager who consistently beats the S&amp;P 500 by +1% can attract infinite money from sophisticated individuals—but the opposite is true for growing a large userbase on a speculative investing app:

Instead, whichever product offers users the highest variance outcomes—either…

Nikita Bier

hate it or love it, the Global Casino has PMF,,

https://x.com/nikitabier/status/1887642572786679859

Founder, designer, & product guy at /basepaint and /eigenlayer

I don't, sadly, think it's going anywhere. Maybe I am misunderstanding your comment though

I don't think gambling is going anywhere. but to assume pump.fun will sit upon a hundred year empire bc they've had 3 good quarters ... idk. I'm old enough to remember when everyone thought TBCs was _THE_ future of social from FriendTech. And OS seemed pretty unstoppable too. 

Speculation is probably forever, specific grifts age like milk.

yea exactly, and also, like, there is a ceiling on gambling. I realize it's grown over the years due to increased access, but everyone in the US has had lotteries for decades and it's still a niche who self-selects into them.

specific gambling appeals to specific people (sports betting appeals to people who love sports) but idk, and maybe this is me being raised in the south around a lot of religious people but, there is some sizable niche of people who are simply unaddressable. 

also my bias/bg, but the poorest, most desperate people I knew were the ones that bought lottery tickets, but only to a point (when they got really desperate, they picked food over scratch offs mostly).

ah, yes, agreed. Easy come, easy go -- the same force that drives speculators in masses to your app, drives them away later (fun, novelty, thrill, etc)