Many crypto evangelists find the industry's "casino-like" trend disappointing.
I, on the contrary, think it's a good thing.
Humanity's most basic needs are "pornography, gambling, and drugs," and this hasn't changed in thousands of years. Pornhub receives over 4 billion visits per month, consistently ranking among the top 15 websites globally. This isn't decadence; it's human nature.
Why are young people increasingly fond of gambling? Because the traditional path is no longer viable.
The baby boomers could buy a car and a house through hard work. Now? Saving for twenty years might not even buy a run-down apartment. ETFs offering 7-8% annualized returns are compound interest for the wealthy, but a joke for ordinary people.
Therefore, GameStop, Dogecoin, and memecoins are essentially the same thing: people abandoned by traditional paths are seeking asymmetrical opportunities for a turnaround.
Crypto provides precisely this opportunity.
The more compliant a market is, the harder it is to get rich quickly. Because the essence of compliance is protecting investors, and the cost of protecting investors is making it harder for smart people to make money.
In a loosely regulated cryptocurrency environment, those with strong skills and good luck can win money from those with weaker skills and less luck. This is both a risk and an opportunity.
Some say this is decadent.
Then let me ask you: Are industries like TikTok, where you spend two hours scrolling through mindless short videos, mobile games, or paid knowledge courses that you never finish watching, truly noble?
Ultimately, they all monetize human weaknesses. Crypto is simply more honest, directly linked to money.
Instead of complaining, embrace change. Accept the fact that crypto is a giant casino, and then find your edge.
Leave the task of reshaping the productivity curve and changing the world to AI.
Crypto is used to fulfill humanity's most fundamental, primal need: gambling.
Casino-like behavior is not the end, but the beginning.
There's much more to come.
