Memes, highly overvalued VC backed protocols or utility larps.

Arguing the space has changed since XYZ.

NOTHING has changed.

   

Mfers come here to gamble and this hasn’t been different in the previous years.

Utility larps, NFTs, yield farms, Memes…

There always has been a dominant narrative and in that narrative a shit ton of vapor.

The inner degen is what drives people to get rekt.

This liquidity extraction could easily come to an end.

All it takes is mfers acting like grown ups and being more diligent.

But thats not gonna happen.

The thrill of a quick 2x, 5x or 10x will always be present in a market with low liq environment and asymmetric upside.

This is the core issue and most can’t comprehend.

The opportunities in cryptoland are insane;

with opportunities come risks and bad actors.

So until we as a collective don't stop throwing money at vapor and rugs, nothing will change.