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Erik Stevens 🐆
@HopiumPapi
Digital trapper | | https:// | |
Joined May 2021
897 Following    133.7K Followers
The vast majority of you are sheep, and your herders are disingenuous hypocrites, serpents and vipers. They tell you one platform is evil while the platform they’re invested in is supposedly the light we need to save crypto. In reality, most are simply promoting a different shade of the same incentives while pretending their preferred platform is somehow morally superior. I don’t think these platforms are evil for trying to make money. They’re for profit businesses, and they’re entitled to build products that generate revenue. The hypocrisy lies in pretending one platform is inherently virtuous while condemning another for operating under similar incentives. The uncomfortable truth is that much of the innovation in this space is extractive by design. Trading is inherently competitive, and in a zero sum market, one person’s gain comes at another’s expense. These platforms aren’t necessarily incentivized to encourage patience, conviction, or long-term holding. They’re incentivized to encourage hyperactive trading, gambling, and constant speculation because that’s what generates revenue. But here’s the part nobody wants to admit, these platforms didn’t create our worst impulses. They simply removed the friction that kept them in check. They gave us the tools to act on our existing human nature faster, more frequently, and at a greater scale. The result is an accelerating cycle of speculation, extraction, and dilution that continues to erode the very culture that made crypto interesting in the first place. And I’m not mad at the broccoli haired kids and their $20K toppers. They’re not the problem. They’ve simply adapted to the incentives of the environment they were handed. You can hate the players all you want, but the players are responding rationally to the game.
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