Bitcoin

BTC is 5% from ATH and retail search interest is lower than the 2022 bottom

what does it mean?

crypto

Sometimes I wonder if people don't realize the extent of how crypto's reputation is absolutely 𝒄𝒐𝒐𝒌𝒆𝒅 outside crypto circles.

Large overlap with the "AI sucks" people. However, that one will fade as AI has obvious use-cases for individuals and groups which don't require network effects to be successful. AI will succeed and the "AI sucks" people will be seen as luddites, path-independently.

Crypto however - at least the originally-intended version as democratized peer-to-peer money - can only succeed with network effects going its way. Same goes for a network like Farcaster, where we can see from this thread that crypto's reputation is a large reason why folks aren't being invited here.
https://warpcast.com/dwr.eth/0x51d1875b

Trust and reputations are difficult to rebuild. I worry it may be too little too late.

The scenario I fear most is the one where crypto is relegated to boring settlement backend tech for tradfi, providing none of its promised self-sovereignty benefits to individuals.

Institutions are here, retail reputation still in the dumps

incentivizing things @ poidh.xyz - come chill /poidh + follow @poidhbot

Institutions are here, retail reputation still in the dumps
https://warpcast.com/polymutex.eth/0x8af549d7

Contributor @ /walletbeat.

Censorship resistance requires privacy.

well hey they gonna buy at the price they deserve 🤷‍♂️

I agree, but at the same time I find that this type of attitude is part of why said reputation is what it is. Dismissal isn't inviting.

I will say that where I give them a pass is that there isn't much to do with crypto besides use it as money right now

our use cases are garbage if you aren't somebody that likes to dabble in gambling from time to time

should they still see how crazy the implications are to have global, seamlessly transferrable money without governments? yes

but you do kinda have to be a nerd to get excited about that alone

Fully agreed.
I still think there's a large number of normies who aren't closed off intellectually, for whom their dismissal comes from a place of apathy. Not because they've actively refused to do the intellectual work, but because they've lacked the impetus and because their peers have encouraged them not to bother.

I'll talk openly and honestly about the industry with anyone who bucks the trend and decides they want to learn more

can't be bothered to try to convince people who refuse to be intellectually curious