the biggest difference between previous cycles and this cycle is simple the rate of token creation if there’s a pool of capital and there’s only a couple hundred tokens, the average lifespan and ceiling for the avg. token is higher that same pool of capital divided by millions of tokens per day, obviously longevity and ceiling will be lower the new era of infinite token production disproportionately benefits rotators, chronically online users, and kol’s. the difference is the decentralization of “insiders” this cycle. last cycle the insiders were primarily tapped into the Silicon Valley deal faucet the game was to privately invest and launch governance tokens at 1000x multiples and relentlessly dump billions on CEXs, while running retail WAGMI marketing campaigns the core of 2021 crypto marketing was: -complex tokenomics (high fdv, low float) -status signaling (vc’s + exchange listings) -HODL because crypto is disrupting the world core of post-2024 crypto marketing: -standardized tokenomics (bonding curve + 1B tokens) -status signaling (kol’s + tracked wallets) -make money now, because it’s all going to zero the current state of crypto is a direct response to the cycles of the past. so there is some irony in the OGs blaming the new generation, as if it’s not a result of their own generation’s actions but i guess, that’s just how every generation is about the next ones, maybe we’re all just getting old.