@polynya

No idea what the context is, but it's pretty clear in the last few years the crypto industry has barrelled down the cascade of degeneracy. At this point, it's institutionalised and normalised, and even the biggest players are deep into the game. To be clear, I use "gambling" in the broader sense, and yes, we're obviously seeing the same in AI stocks, Gold etc. Some of it is real, sure. The TAM for gambling is 1,000x larger than building actual products in the short-medium term, so I don't blame anyone, especially respect those who are clear they just want to extract. It's all a shame because the few actual sustainable products are better than they have ever been, and if the crypto industry had gone down the productive path instead, I'd still be writing about those.

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