at the end of the day every trading product is looking to attract people to the slaughterhouse only some do it more brazenly than others, and this includes every single form of trading whether it be perps, shitters, there’s a reason 90% of people lose money, no more of that holier than thou crap half the industry pulls, we all click buttons to extract money from others in our respective niches, don’t care if you trade leverage or trade memes
Game is game ngl, capital always accrues where it must over time, at the end of the day, every trader is an extractor who merely rides the coattails of those who create value, there is no nobility in our pursuits
there's never any point hating, if you look down upon a market you can simply choose not to play
The people with the right to complain are those who drove large amounts of volume to the exchange early, risking their own capital by betting on the protocol becoming consensus, but at least most have been made whole / in profit through rewards
If you were farming in size long after mint decay, then you were already too late 🤷♂️
bullish long term as a general casino business
cushions losses for new users by making it the most direct own the casino play, so new liquidity is incentivized to trade on there rather than other platforms
long term you get the possibility of newer and newer capital to enter, while if paper remained a normal tradeable token, then once the farming period is over, chunk of liquidity naturally leaves, driving less and less revenue to the token
this way you attract new capital by keeping a flowing revenue stream by creating EV mechanics of owning the casino
blade retweeted
I hate myself a lot and self hatred is double edged sword. It can help you get going and achieve a lot of things, but it can also as fast help you to fuck up everything, due to inability to recognize own achievements, appreciate things and zoom out and you may end up losing everything and worse, it’s a death spiral. I’ve been living like this my whole life, whatever I would achieve eventually I would keep going and lose bigly again, and with each time it’s harder to get up, because you get a feedback that inevitably you will fuck everything up again, so why bother even trying? Self hatred is a limbo, you won’t get far
many use this ever-increasing number as a political shill but fail to realize that it's simply capitalism succeeding, where great wealth accrues to those who facilitate value creation in society. most fail to realize that while wealth may seem zero-sum and extractive in nature, value inherently isn't, and that the rich can keep getting richer while accruing wealth by improving the quality of life for the general public, this is a feature not a bug
over a long enough timeframe, those with exorbitant wealth will mean revert to the amount of value they contribute to society
