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Speculation: The Lightbulb Moment - by Sterling Campbell

sterlingcampbell.substack.com · 1,935 words · saved by 1 readers

With all of the noise and excitement around the memecoin casino and the Infinite Game, it’s easy to write off crypto as purely speculative. Many have cited this most recent bull run as overt hyper-gambling, financial nihilism, and vaporware. While speculation certainly drives a large amount of activity, it would be reductive to classify this as a net negative in our industry. Speculation and gambling might be in the same family, but they’re far from twins. Casinos themselves feel far from real. There are no clocks, and time seems to slow to a crawl. The floor is designed like a maze, making it difficult to navigate or leave. You’re quite literally restricted from the real world, and distracted as jackpots are hit and major winners scream and shout (which is, admittedly, a lot more fun than posting a Phantom wallet screenshot). Enjoy it, but do not let the fanfare of the casino distract you from the potential of our industry. I grew up in Las Vegas, and I’m no stranger to high-risk game

Speculation has sat shotgun during humanity’s biggest technological advancements. It is a feature, not a bug, in our industry. With all of the noise and excitement around the memecoin casino and the Infinite Game, it’s easy to write off crypto as purely speculative. Many have cited this most recent bull run as overt hyper-gambling, financial nihilism, and vaporware. While speculation certainly drives a large amount of activity, it would be reductive to classify this as a net negative in our industry. Speculation and gambling might be in the same family, but they’re far from twins. Casinos…

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