Cryptobros have a storied history of repackaging existing paradigms with new buzzwords, casinofying & ponzifying them, removing all safeguards, accountability and democratic structures; adding corruption instead, and shilling them to degenerates
IPOs > ICOs
Collectibles > NFTs
Betting > Prediction markets
Public companies > DAOs
And countless others, not to mention everything that has failed miserably centuries ago being shilled as some genius innovation, like Terra Luna
At least with memecoins there's no pretense, gotta give 'em that
The real shame is behind each brazen moneygrab there's always some good tech that has been corrupted to such a grotesque extent that we've forgotten about their potential, let alone realising said potential. ~Governanceless digital protocols are one such case.
