vitalik.eth
@VitalikButerin
> Crypto prices, sports, short-term events - this isnt a "corrupted version" of markets. Its a way to bring in people, money and liquidity. Without these markets you just wont get proper depth, tight spreads and the habit of participating. You cant start straight away with hedging and complex decision markets - nobody will show up. This isnt a bug, its a growth stage
I used to be more open to these kinds of arguments, but more recently I am more inclined to think that they are usually galaxy brain self-justification https://t.co/iJYPFNaOgg
For every product that has had this justification and successfully transitioned to the mature stage, there are over ten where the corposlop stage was the only product-market fit they would ever get, and the idea that that's only a transition period was used as an excuse to keep idealistic employees from quitting and shield against negative PR. Similar to socialism -> communism: the idea that dictatorship of the proletariat is only a "transition sta