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You Can Turn Everything into a Meme, But Cherish This Cathedral

The article "You Can Turn Everything into a Meme, But Cherish This Cathedral" reflects on the crisis of values in the crypto industry, contrasting its original vision as a "cathedral" of innovation and idealism with its current state as a speculative "casino." It begins with the story of Peter Steinberger, the developer behind the open-source AI project Clawd bot, who was harassed by crypto speculators after they launched a meme token (CLAWD) without his consent and blamed him for its crash. The piece traces the industry’s shift from its early ideals—exemplified by Dogecoin’s community-driven generosity and the constructive ethos of DeFi Summer—to the speculative frenzy fueled by pandemic-era liquidity. This transition enabled the rise of "the tyranny of the mob," where communities driven by financial gain rather than shared values began to target creators, including Dogecoin’s Billy Markus and Ethereum’s Vitalik Buterin, who faced moral coercion and harassment. In 2025, 11.6 million crypto projects failed, highlighting the scale of speculative abuse and the industry’s meme-driven degradation. This culture harms builders, distorts leadership, deters serious investment, and invites harsh regulatory scrutiny. The article concludes by urging a return to the original mission of crypto—building a fair, decentralized future—before the echoes of casino culture drown out the cathedral’s bells for good.

marsbit01/28 08:01

You Can Turn Everything into a Meme, But Cherish This Cathedral

marsbit01/28 08:01

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