[dboat]

> If you know anyone into crypto you would know they talk about it non stop.

Not really. There are a lot of people holding, mining, DCA'ing into projects they believe in who have no trouble at all keeping it to themselves.

Your remarks about gambling are similarly projecting a portion of the community onto the rest. Those traders who treat it as a speculative asset are gambling as you say, and tend to be obsessive in the way you describe, but you seem not to be aware of everyone who deals with crypto differently than you did.

There are a lot of crypto projects that people don't expect to moon, that effectively serve their purpose right now, and will just get better at it in the future. None of what you wrote is nearly as generally true as you made it out to be.

[Nav_Panel]

Yep, exactly. I've been working in crypto for 4 years and counting, still haven't purchased a single token as an investment. I don't like downside risk, I like to build product. We've weathered one bear market, we'll weather another.

Thankfully there's cool stuff in the ecosystem that isn't a scam, but it's not newsworthy, so it doesn't go viral.

[candiddevmike]

Can you give some examples of cool stuff that isn't a scam? I'm genuinely curious.

[Godel_unicode]

I'm extremely skeptical that this silent majority exists because I don't see crypto being used for anything other than hodl-ing. Do you have indicators you can point to of cryptocurrency being used as a real currency?

[scyclow]

Whether or not you think NFTs are stupid and totally worthless, there's a fairly extensive economy based around fine art NFTs where collectors (who view them more as consumption goods than investments) buy and sell in ETH. And despite wild fluctuations in ETH<>USD, people's mental accounting is generally denominated in ETH.

[jmcgough]

its only real use cases are in transferring money internationally and buying drugs off the darknet

[3np]

At the same time, I assume that most of the liquidity in the markets come from professionals and the people described in GP, whereas the casual retail/investors you describe tend to not keep their assets on orderbooks or in liquidity pools.

[paulcole]

> projects they believe in

really curious whether what they believe is anything other than “I’ll cash out before it tanks.”