Musings of the optimist
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This isn’t bearposting. Early feedback on this essay’s draft called it pessimistic, and CT seems to peg me as bearish. I’m not. Sober realism isn’t gloom—it’s a lens. Most critiques below look backwards. I urge you to see them as springboar...
Your crypto boats, or bags, are no longer being lifted by a rising tide. The old rules don’t apply, and simply participating is no longer enough. “OGs” are in an increasingly unfamiliar environment.
Memecoins are attention markets. It is a combination of a prediction market and an attention network (social media). It is a financial game with an (a)social element.
So you left in 2022. Or maybe you did not leave but you gravitated to the surface-level narrative chasing generational wealth flipping memecoins. Or perhaps you were sidelined skimming an article here and there. Now you want to figure out w...
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@zeeprimecap Disclaimer: Optimist
Markets. Truth.
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