There has been a drastic degradation of crypto culture in the last couple of years. From speculation being the trojan horse that was supposed to lead to a decentralized future, it has devolved into speculation being the only use case.
The problem with monetizing anything with crypto in this environment means that people will only buy it for speculative purposes. Which means that instead of building anything sustainable, you just end up building trash and spending on marketing to keep the speculative hype train going.
It’s like running a publicly traded company, but with extremely fickle shareholders.
No it's not. Speculation can be a bet on the outcome of an economic or other real world system that is not a zero sum game.
For example you might speculate on how likely it is that people will strike oil on a given patch of land by investing in that land and some drilling. If you're right and oil is discovered there is more wealth in the world as a result of this speculation.
Gambling is not like that. Gambling doesn't have any connection to productive activity, it's just people transferring money around with wealth going from some people to some other people. That's what crypto is.
The problem with monetizing anything with crypto in this environment means that people will only buy it for speculative purposes. Which means that instead of building anything sustainable, you just end up building trash and spending on marketing to keep the speculative hype train going.
It’s like running a publicly traded company, but with extremely fickle shareholders.