Q

The fact we have “trenches” at all right now is a testament to how large crypto has grown. We had nothing onchain to trade for most of previous bear markets. Games/runners did appear but every few weeks or months with long periods between where you either sat in cash or sat in spot praying for a bottom to form Today there’s another 2 half ass launchpads at 8 figures in roughly a week. Tokens run into the millions everyday. We didn’t have anything like this in previous bear markets. In 2018-2019 we had Chainlink and that was about it. In 2022-2023 we had something worth trading every few months The issue isn’t that there’s too little to trade, it’s that there’s too much to trade and the line between a good token and a grifted pump has blurred to the point of being fully meaningless, and all anyone is trading is momentum and social validation The onchain market is exhausted from scams and grifts and half assed projects and ponzis sold as DeFi and the culture nihilism. Even the worst offenders are exhausted now, but they’re addicts, they’re for sale, all they care about is a quick buck, they drank the koolaid too long and can’t stop themselves or tell real from fake anymore The timeline is now full of pontificating and virtue signaling by hypocrites who don’t take ownership for their own behavior or how we got here. They don’t exercise any critical thinking, due diligence on claims and products before tokens, assessment of team execution. The only respectable participants in this market are true believers even if they’re naive, and the people who don’t apologize for playing the current game well Either play the game, or refuse to play the game, but if you’re going to back every unvetted vibecoded slop runner and forced cabal grift, then come on the timeline and complain about the state of onchain, you are the epitome of the spiritual poverty you see around you. If you have influence and the presence to be a leader and change behavior, but are afraid of rocking the boat of professional extractors, you are a spineless worm and no amount of clout or validation or ill gotten money will change that Anyone can change their own behavior today. There’s plenty of money onchain for anything to happen, it comes down to behavior and belief. The current culture will never onboard new participants outside the most desperate and naive, to rob them. Things always evolve fast in crypto, all it takes is a week or two of changing behavior to change the industry. You will reap what you sow but at any time you can change what you sow