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beaniemaxi
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Turns out that “consumer crypto” is just illegal casinos that accept crypto.
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beaniemaxi
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Crypto has found pmf in gambling. Anybody anywhere can fund a gambling hobby (or addiction) in a fast and psuedo anonymous way. Rogue gambling sites can operate without a banking relationship. It’s pretty bearish for regulated gambling venues that are competitively disadvantaged.
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I think people are too bearish on Solana here. It’s got a huge head start. It fumbled NFTs and gaming as I have been posting about for a year now. But it’s not gonna be a big lift to get right back into it. Betting it’ll turn up the heat soon. Don’t underestimate the sheer scale.
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Buying shares of a company that simply purchases Bitcoin (or any other crypto) by way of some ponzi insider enrichment scheme is literally peak idiocy - when you can easily buy the underlying asset or ETF. Bitcoin treasury companies are not a value add. In fact it’s the opposite.
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Stablecoins are really only a better form of payment because it sidesteps regulatory and compliance concerns. Nobody is really talking about this. Once you add KYC, AML, and other modern money movement controls, the friction and costs will be comparable.
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Ethereum down 30% in 10 days without anybody crying about it. That tells me it will go alot lower.
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