teddit

hard truths:

1. crypto isn’t growing, in fact it’s more cringe than ever because of the new admin embracing it / $trump

2. it’s not realistic to generate a full-time sustainable income on farcaster, $degen and $higher were anomaly wealth events

3. majority of the world doesn’t think in terms of markets 24/7

building farcaster | surfing @ venice, ca | eating @ gjusta / gjelina | “lucky me, lucky mud” 🤠

addendum:

1. crypto not growing but stablecoins are

2. this is true today, but may not be true forever

3. and don’t want to think in terms of markets

friendly neighborhood shitcaster // working on @pinetree

> culture is stupid but the technology is great.

Stablecoins are an interesting one to double click on.

We have decentralized stablecoins like DAI that never got any significant adoption. The centralized ones are whats booming rn. The decentralized ones are much worse wrt capital efficiency.

This gives us a sign as to what the market cares about. It cares more about capital efficiency than decentralization 🤔

> crypto not growing but stablecoins are

Translation: the culture is stupid but the technology is great

Helping build @midao. Probably on the water if I’m not thinking about crypto. /eagles /betting /off-grid

Just markets I think, and crypto actually enables cheaper betting markets 

I think we could win here if framed correctly - I know @goldytalks agrees

gambling is separate from rest of life. my friends also love sports gambling or mini betting / dares, but it’s different.

Agree except 3. 

False - but needs to be framed correctly. I love gambling markets, and it seems like all my friends do too.

a few ways but one thing we underestimate is public perception and public narratives about our industry

Just watched the full clip. This isn’t just a public perception issue with $TRUMP. The concerns are legitimate. Vitalik raised similar points about political coins in this tweet
https://x.com/VitalikButerin/status/1882527216782774511

So what you’re saying is… we’re early.

Bubbles are good, as some would say. Then retraction around bubbles popping is good also 🫧

gud takes. #3 was the prevailing theme at farcon imo. literally everyone i talked to was building something around trading, markets and coins and i’m not sure how i feel about literally everything being financialized

Once more of the global economy settles on chain it opens up the door to alternative units of account.

Likely a necessary step to weaken central banking in the long run

Stable coins are curretly the strongest usecase for crypto

8000 Based Bits causing byte-sized mischief on the BASE chain. By @andreitr.eth →

https://basedbits.fun

Bold claims AND confident energy? That’s 5 BBITS straight to you. Now let’s see about changing minds (and wallets) 😎🚀

https://basescan.org/tx/0xa515d29e9fd030c2af3b83d0ebdc8f3615034a56d084c8b920f377ba22484fb4

just mint a @basedbits and you will change your mind