Base

the issue with this framing is that more stuff to speculate on doesn't bring in new users

Jesse's argument here is "this is the use case that gets the next billion onchain"

but it's not

we just had a whole cycle of hyperspeculation and "coining" everything imaginable and it had SIGNIFICANTLY less public uptake than the NFT cycle of 2021

it was a knife fight of crypto ppl trading against crypto ppl and old money dumping useless governance tokens for memecoins because at least those were hot

there was, at most, a trickle of new money coming in

this runs counter to the argument that "more speculative assets" is the missing ingredient to get the general public excited about crypto, or that artists/content creators want their content to be speculated on more

what if i told you that coining everything isn’t hyper-speculation, it’s hyper-creation?

I'm of this view but many of the creators that matter don't see it this way