@hurls

"I Wasted 8 Years of My Life in Crypto." Brutal read. I get it. Working in the casino is exhausting. FOMO. Analyzing charts. Creator coins, writer coins, VC coins. TGEs. Bots, farmers, and whales. https://x.com/kenchangh/status/1994854381267947640 But remember, no crying in the casino. A system can be a casino and a net benefit to society at the same time. Prediction markets act as gambling sites, yet major media outlets now rely on them as decentralized sources of truth. The gambling incentive is exactly what powers the data accuracy. You don't get the clear signal without the speculative noise. The stock market follows the same logic. It's a rigorous signal for the strength of the economy, yet it also hosts massive speculative trading. The casino aspect doesn't negate the societal benefit. It funds it. The article focuses on the "billion dollars in your head" value prop, but that was never the mass market unlock. The average person doesn't need to smuggle fortunes. They just want a system that works better than the old one. We are still early adopters in crypto. If this were the early days of the internet, we’d be building websites. Today, we are building mini apps. To the outside world, these look like toys. But this is simply the necessary phase of figuring out a new economic model. If the "Casino" is just the funding mechanism, what is the actual value prop is on the other side? Here is a prediction: The end of SaaS. The current subscription model is bloated. We pay monthly fees for access to software we barely use. Crypto changes how value is captured on the internet. In the future, we won't subscribe to apps. We'll pay for intelligence and compute on demand. You pay for what you use, when you use it. Frictionless. That's just one idea. There are others if you know where to look.

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