don't like the grift?

don't play.

there has been a noticeable increase in the amount of complaining pervading the blockchain and cryptocurrency “industry” lately. (typical bear market things, innit?)

because i’m here to help, i’d like to share some words of (arguable) wisdom.

when i was an undergrad, we had to take a mandatory class about environmental responsibility. one of the core themes was “voting with your dollar.” basically, if you don’t like something, don’t spend your money on it. same goes with crypto. vote with your crypto. if you don’t like something, don’t spend your crypto on it.

oh, you don’t like VCs spraying-and-praying every coin and token you’ve never heard of until after they’ve already received their allocation? don’t try to trade the token or use the protocol. it is basically common knowledge that those who received seed allocations are going to dump on you. the people who got in before you have already made their money (in the vast majority of cases). if you don’t like that, don’t be their exit liquidity.

there’s an old adage from bitcoin maxis that goes something like: “everything is just a scam to steal your bitcoin.” because we’re not bitcoin maxis here, this can be more broadly applied to ether.

the vast majority of L2s you will bridge your $eth to probably won’t exist or have much relevancy in the long-term, and most of the dapps in those “ecosystems” will dissolve into nothingness. if you don’t like this, don’t cross the bridge.

oh, you don’t like moonbirds? don’t trade them.

oh, you don’t like miladies? don’t trade them.

oh, you don’t like free-to-mint omnichain nfts pumping and dumping? don’t buy them.

oh, you don’t like ohm forks and their 2184712874% apy that lasts for about 5 hours? don’t stake in them.

don’t like ethereum competitors? don’t use them.

think the airdrop-chasing game is stupid? don’t chase the airdrops.

see where we’re going with this?

while i will never fault someone for wanting to make money, you are essentially complicit in all the things you don’t like about the “crypto industry” if you participate in them. likewise, you have the individual power to allocate your crypto to things you have real conviction in.

now, don’t misconstrue this as me riding my virtuous high horse and telling you not to speculate on hot garbage to increase your ether holdings. i’m not going to tell you what to do with your crypto, at all. by all means, do whatever you want to do. none of this is financial advice. (i’m pretty much just rambling.)

but the fact remains that the vast majority of the “crypto industry” isn’t building anything. rather, it’s just trying to grift you out of your crypto. at some point, the game of musical chairs is going to have to stop for us to get real work done. (lol, yeah right.)