P2E doesn't work and likely never will. Prob will write something longer about it ltr.
It's time we learn from the Einstein's falsely attributed quote: "insanity is doing the same thing over and over again and expecting different results."
Changes are afoot.
When will we realise that these massive plays aren’t worth even discussing?
It’s an extraction play, the moment it doesn’t work the suits turn the lights off and cut their losses.
Look at the nft era, Nikes NFTs were shut down but web3 native plays like Pudgy Penguins & Azuki
ethereum cannot be replicated
the first smart contract blockchain
launched with PoW before the PoS transition.
anyone with a mid-range GPU could participate.
the strongest network effects
these are the hardest to replicate.
largest ecosystem, most developers, highest TVL.
a
Crypto is NOT in it's 'fourth inning bull cycle'
So many people keep saying we are at the end of the crypto bull cycle but tbh i think it's incorrect.
The best indicator for 'risk on' are interest rates, i.e. the 'risk free rate'. In 2022 when the FED started hiking rates back