Just escaped Devcon and need to dump these thoughts while they're fresh.
First day had me hyped ngl. Actual builders grinding away at real problems. Light on the usual vaporware peddlers and shity SDK evangelists. Nobody would've shed a tear of joy.
Then things got weird fast. Turned into one massive yield farming circle jerk. Peak crypto autism. Felt like I was trapped in an infinite Berachain Community Call.
Here's the galaxy brain roadmap they're pushing: L1 is now pivoting to become glorified security provider for enterprise. Meanwhile, they're herding the plebs onto L2s and appchains like cattle. "But ser, account abstraction and cross-chain will fix everything!" Cool story bro.
RIP sidechains btw - everyone's gotta pay protection rent to daddy L1 now. That's the masterplan.
You should've seen the closing keynote. Foundation spent two hours of philosophical masturbation like an LLM having an existential crisis. Zero substance, maximum buzzwords.
Reading between the lines: Remember when this whole circus started with "power to the people" and "fuck the system"? Watch how smoothly we're transitioning from "decentralization is everything" to "decentralized monopoly is better actually." And let's be real - we all know which Sand Hill Road chads are pulling these strings and laughing their asses off rn.
Nobody wants to say it but... looks like web2 VCs found a way to recreate their favorite business model, just with extra steps and better marketing.
Positioning this for 2025: Long L1 infrastructure plays, short anything with "democratic governance" in the pitch deck. This castle's getting stormed from the inside.
Risk check: Regulation's coming, users don't give a fuck about 99% of what's being built, and the "decentralized" power's concentrated in like 5 zip codes.
Bullish on popcorn 🍿
Catch you degenerates in the trenches ✌️
COMMON FAN
A Voice from the Crowd