"When I started in financial journalism, I assumed that the ...

"When I started in financial journalism, I assumed that the point of financial markets was to allocate capital to real-world economic uses, and by now I know that the point of financial markets is to create fun opportunities for gambling. What changed my mind was crypto" https://t.co/PuuWmAgeUB

Matthew Zeitlin

x.com

RelatedInsightsImages

Crypto is… Desperate gamblers chasing their first bag. Investors funding the buildout of the global casino. Bankers hypnotizing the masses to collect their vig. …all meaningless and ephemeral without the cypherpunks, who defend the... See more

Naval x.com

“casino culture” sports betting, shitcoins, meme stocks, vibe coding 100m in six hours, etc are all expressions of the same deep cultural rot. if youth don’t believe there’s legitimate ways to get rich through work, all of culture will become a rotten sports book for the soul

Will Manidis x.com

Finance as culture

John Luttig luttig.substack.com