I Wasted 8 Years of My Life in Crypto

The author, who spent eight years working in crypto, argues that the industry built a casino rather than the new financial system it promised. He says the incentives around Layer 1 blockchains, spot and perp DEXs, prediction markets and meme coins reward speculation and zero-sum trading, and that the money raised for these projects was largely lost by retail and VC investors alike. He predicts the industry's mentality will erode social mobility for younger people, and he says he is leaving the space, admitting he made good money from it.