Counterpoint: The entire crypto market, which topped over $3 trillion in value at one point. Even as someone who believes in crypto, some of the stuff being bu

Counterpoint: The entire crypto market, which topped over $3 trillion in value at one point. Even as someone who believes in crypto, some of the stuff being built is beyond stupid, and could only be built at a time when no real work needs to be done. Like I understand Ethereum. I also understand basic DeFi projects building on top of Ethereum - Maker, Uniswap, AAVE, Compound, etc. But once you start going a few layer deeper, you realize the sheer excess and waste. Like a project that allows you to wrap your leveraged positions in AAVE and deposit them into a dual-token vault and earn yield if one of the two tokens goes up or if there are liquidations in your AAVE or... It's mind boggling that people thought spending their resources creating virtualization upon virtualization upon virtualization... Somehow, I can't imagine something like this happening if you were paying 10% interest on your mortgage.