i used to think there was a narrative for cypherpunk defi but really there isn't, it will forever be kyc and centralized. everything eth etc have to offer is just the old system, there's zero practical benefit to decentralization in all use cases. nobody is going to trust their retirement tokens to a defi contract on solana, ever. they will always want the guarantee of a centralized entity destroying and restoring their stonk tokens to a new wallet, in the event of a contract failure or theft.

the only interesting non monetary use for blockchain is art, and i am always willing to change my opinion if it is *clearly* shown to damage the money-ness of bitcoin. but if it does, it may simply mean money needs a new design.

and what i think is most likely to happen, the nft trading activity or art just gets diminished in the long term. i think there's a good chance ordinals etc just fade away and may be the worst, least liquid investment you could ever make, if that's what brings you to it.

but for weirdo collectors, i mean, it's fine lmao