Serenity@aleabitoreddit
It's like... Hedge Funds/VCs suddenly forgot what blockchain was ever supposed to do?
They somehow turned digital assets into:
Token raise -> retail exit liquidity on repeat.
Now, nobody cares anymore about "governance or gas" tokens since it's greater fools theory from printed money.
The original point of blockchain is removing as many middlemen as possible, and as a byproduct, the fees.
Despite all of this:
1. 3 Day ACH rails are still around... Even though we have payment rails for 0 cents.
2. Massive interchange is still around... despite having payment rails at 0 cents...
3. Digital Asset "Credit Cards" are just more friction-add wrappers around Visa/Mastercard.
4. Yields are still .3% in checking accounts and now laws are trying to bank stablecoin related yields.
Very little that digital assets set out to do actually got accomplished, aside from Stablecoins?
Maybe you all have bad performance by just blindly following the next L2 exchange token or blindly into Ethereum.
It's not about making money from token prices going up + monetizing degeneracy from meme coins.
It's to be funding any legitimate disruptors, like the next $HOOD/Hyperliquid (Tokenization, on-chain equities), Bridge (stablecoin off-ramps/intercharge), etc.
0 alpha from the vast majority of folks in that space, because everyone there lost vision on what it was originally supposed to do.