It’s natural for the industry to stray further and further from its cypherpunk roots each cycle.
And I know it’s bizarre that the hottest thing right now is a single sequencer corporate chain publicly supporting memecoin gambling.
I find it uninspiring too.
But I’ve also learned over time to not fight the zeitgeist. Whether Robinhood Chain, Solana, or something else, this behavior is not going away anytime soon.
When you give anyone in the world the ability to create and trade assets 24/7, it’s practically guaranteed that people end up playing the craziest money games.
Blockchains are a gravity well for all the speculation that’s in the air.
If you don’t like it, that’s fine. There’s many less speculative use cases that are secularly growing so that you don’t have to care if you don’t want to.
But in the meantime degens will keep degening. Attention will follow the biggest spectacle.
And there’s no bigger spectacle than the masses making and losing silly sums of money on preposterous internet coins.