Two use cases in crypto with product-market fit: speculation and stablecoins.

Today, if you don't play in the speculation stack, you miss out of the $$$ spent by the relatively small population of hardcore crypto users (and occasionally a sudden surge of retail interest when there's a big meme event). This space is attractive for startups since a relatively small number of users by consumer standards can generate a lot of revenue.

Stablecoins grew out of the speculation stack over the last decade, but now with the GENIUS Act, you're going to see a flood of non-crypto companies with existing distribution start to play around with crypto. This space is much harder for startups since stablecoins require massive scale to be a good business (and will become worse if interest rates fall).

The challenge today is that if you're somewhere in-between speculation and stablecoins, the thing you need to make your business successful is users who spend some amount of crypto. And that market is not that big yet.

So the imperative is to grow size of the market. The best way to do that is build fun and entertaining apps and experiences.

This is what we're focused on with the Farcaster app and why I'm constantly telling people other stuff isn't a priority relative to user growth.

crypto needs privacy so it can actually grow users
EF researchers fumbled scaling and they didn't attack "the casino" by making generic anon game contracts
Augur didn't scale, Polymarket is worthless to burgers without VPN
Uniswap doesn't share revenue to tokenholders
nobody shleps for tangible ownership of necessities or micropayments to daily user progression

so we get the cabal playing ignorant with the whole "we have to sit on our hands, cause the government" because they're already going to make it.
researchers chase boondoggles cause they think prestige is top priority and the "mids" and "haters" are preternaturally wrong.
VCs overindex on captive subscription because the last thing they'll support is an actual venture with risk.
influencers have to accept unethical sponsorships and dropship with branded markup
everyone sells to fandom vices like tequila and snake oil

just let Skynet take over. 
everyone believes grassroots aren't worth it.
just displace the costs for ROI
secure that bag
become FIRE

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