@polynya

Most of the crypto industry's mistakes are because cryptobros seem to be either ignorant or delusional about a mountain of evidence from the real world. They never seem to learn, and keep repeating the same mistakes over and over, shockingly till this very day. DAOs should have been based on cooperatives instead of public companies. Were that so, they would actually be decentralised, rather than corporatist theatre. DeFi shouldn't have tried every single mechanism that had been proven to fail time and time again through centuries of economic history. We should have pivoted from a 100% focus on infra to applications in 2021/22, and maybe we would have growing usage now. Instead, growth in demand has been a negligible fraction of even pessimistic expectations. Gambling has devastated economies countless times throughout history. In crypto, the worst gambling was encouraged with zero resistance, and that has now destroyed the altcoin market. Many, many, such cases.

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