Digital Native | Rex Woodbury | Substack

And now there’s what [Venkatesh Rao] called the cryptobourgeoisie. There’s effectively an information advantage that young people can have that potentially allows them to capture some of the value that the Boomers have.

In short: people keep participating and buying in because they are betting Axie can figure out a way to make it sustainable. It’s kind of like if the original Ponzi was more honest and pitched the scheme as a way to raise funds and build an audience he could leverage into a sustainable business. The way Axie plans on doing this is to try and grow t... See more