The reason the crypto trenches feel so foreign and hated by most people is historically we’ve lived inside permissioned financial economies. Almost every financial product is regulated and geo constrained, and shaped by banks/governments deciding what spectrum of risk should be available to citizens. Crypto breaks that model and it effectively democratizes the creation of all types of financial products. Every point on the risk curve can now exist globally and be accessed almost instantly. And given that the trenches are likely a much better internet native product than regulated lottery tickets, binary options, crash games, or slot machines, always on globally liquid, social, and with thousands of new markets /cnarratives being created, it’s obviously going to be more appealing The get rich quick idealogy has always existed. Crypto just made a dramatically better distribution rail for it, and that may actually be one of crypto’s biggest onboarding mechanisms. People enter at the extreme end of the risk curve trying to chase upside but they learn about wallets or how markets behave, liquidity, and onchain behavior, and hopefully over time users move up the curve into more durable assets and financial products. We’ve seen this happen many times before since the launch of bitcoin, the "memecoin" narrative was just as bad in the early days of Bitcoin. When people were just buying Bitcoin and alts in the early days, almost everyone thought the entire thing was insane. Imo the Bitcoin trenches "looked" just as bad as today’s trenches to the outside world, but they helped produce an entirely new asset class. So my take is permissionless crypto wont just recreate existing finance on new rails but it will continuously carve out entirely new products across the risk spectrum which regulated markets either can’t, won't or simply too slow to create and its very likely here to stay.