📊 According to Fortune, Wintermute founder Evgeny Gaevoy stated on the #Crypto Playbook podcast that the industry has moved away from its cypherpunk roots toward a "number go up" narrative. He argued that stablecoins reinforce U.S. dollar dominance rather than creating a decentralized parallel system, emphasizing the need for #crypto to reconnect with its cypherpunk ethos instead of fully integrating with Wall Street. Despite Ethereum's over $120 billion in TVL, he noted that real decentralized #application #adoption remains limited. #stablecoin
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📊 According to Fortune, Wintermute founder Evgeny Gaevoy stated on the #Crypto Playbook podcast that the industry has moved away from its cypherpunk roots toward a "number go up" narrative. He argued that stablecoins reinforce U.S. dollar dominance rather than creating a decentralized parallel system, emphasizing the need for #crypto to reconnect with its cypherpunk ethos instead of fully integrating with Wall Street. Despite Ethereum's over $120 billion in TVL, he noted that real decentralized #application #adoption remains limited. #stablecoin
#crypto