The world we live in is quite a crazy space, when it gets to finance, it's even more crazy, this is why by default, crypto is such a fascinating industry to penetrate. We're dealing with a lot of things here that we don't actually seem to acknowledge the various pieces of it, I mean, if we think just a little bit back to the when Shiba Inu Was created, you'd figure that we literally had people forecasting prices increasing to ranges like $1(which is outrageous for a memecoin) without considering that these sort of capital gains has to mirror some sort of intensive development for it to happen and be sustainable.
A couple of days(?) back we saw a random tech nerd simply proving a theory of creating fungible tokens on the Bitcoin blockchain due to certain taproot upgrades that allows this programmability. The problem with these tokens is that despite being launched on the world's most secure and highly sought after blockchain, they are even shittier than other shits on EVM chains like Ethereum and BSC simply because you guess, they aren't really that programmable and cannot have a fully functioning economic system built around them, so the future of it is simply limited to being shit backed by crazies worst than degens.
Sure, it is cool to make money but having projects like these bring is the capital gains just makes the whole system appear wholly shitty, I mean, these days DeFi doesn't even seem that relevant, blockchain games have been seen for what they truly are: "pay to earn" game models with highly engineered game structures that demands constant injection of money for one to make anything reasonable from them and if we even look at NFTs, some people even called such a powerful technology stuffed animals, weird ? Well, the thing is that you really cannot blame anyone because this industry is creating a shit load of garbage these days and it all just seems to overly excite people.
Nobody cares about infrastructure anymore, nobody is looking at sustainability in project tokenomics, nobody is strategizing on potential utilities for the shits being built across these projects. The bigger and most important picture here is being ignored and this is frankly where the true value lies, I mean, if you look at it, you'd realize that even these shitcoin creators at some point attempt to revamp their entire protocol and economic system just to bring something new and valuable to the table and it often involves introducing new assets as though the previously launched one's are highly inflated, thus badly distributed shit tokens and not fit for such value environments.
We've seen this with Shiba, an ecosystem with far more than it had at launch and all with so many new tokens being introduced to the system and Shiba really holds very little relevance within all that is being built simply because it's shit and cannot flourish in such environment, there odds are simply against it and could highly affect the general profitability and sustainability of the structures being built.
Many crypto folks are distracted by all this madness and while it's fun to chase the bills, once sustainability is not a factor, the entire system is built on a very weak foundation that could let the structures down at any time, these distractions have a cost.