I used to believe that decentralization would change the world, I used to think DAO organizations would reshape governance, I used to think individual blocks would become the greatest social inventions of this era. But all I see are Ponzi schemes. DEFI is just a scam for running away with funds and hacker paradise, GAMEFI is mining, selling, building tall towers in three months only to collapse in a day, socialFI is just cyber interactions for clout and pseudo-demand with low throughput, play-to-earn is a battle royale game where everyone runs faster. We've seen cars covered with phones just to get fake tokens, we've seen public chains hacked and forced to fork, we've seen generals' soldiers entering a world full of gold but without locks on the doors. We've seen images of crypto punks, virtual real estate, and useless wallet domains. They all once created myths of overnight wealth, but in the end, they couldn't escape the fate of exchanging for USD—most people understand that tokens are nothing, but money is money. No one talks about DAO anymore, no one mentions the decentralization dream, no one discusses interstellar currency, and no one truly believes blockchain can change the world. This circle has become a dog lying under the big tree of the US dollar system, and that rebellious youth who once carried a sword every day shouting to overthrow the world is gone forever.
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The crypto world is just too LOW.
I used to believe that decentralization would change the world, I used to think DAO organizations would reshape governance, I used to think individual blocks would become the greatest social inventions of this era.
But all I see are Ponzi schemes.
DEFI is just a scam for running away with funds and hacker paradise, GAMEFI is mining, selling, building tall towers in three months only to collapse in a day, socialFI is just cyber interactions for clout and pseudo-demand with low throughput, play-to-earn is a battle royale game where everyone runs faster.
We've seen cars covered with phones just to get fake tokens, we've seen public chains hacked and forced to fork, we've seen generals' soldiers entering a world full of gold but without locks on the doors.
We've seen images of crypto punks, virtual real estate, and useless wallet domains. They all once created myths of overnight wealth, but in the end, they couldn't escape the fate of exchanging for USD—most people understand that tokens are nothing, but money is money.
No one talks about DAO anymore, no one mentions the decentralization dream, no one discusses interstellar currency, and no one truly believes blockchain can change the world.
This circle has become a dog lying under the big tree of the US dollar system, and that rebellious youth who once carried a sword every day shouting to overthrow the world is gone forever.