Imho it stems from a lack of understanding and faith in the financial services industry, probably exacerbated by the financial crisis.
A large % of people now believe that the finance industry only exists to work against them and make an elite minority rich. There's a strong sense of "Fuck You, I Got Mine" from the last generation, so the current generation is saying "Fine, I'm going to invent my own system... with Black Jack, and hookers!". Crypto/DeFi is creating a sense of euphoria and hope against a backdrop of helplessness where people are thinking "I will never own a home", "I will never be able to afford to retire" etc, so why not take a punt on the next big thing?
I was intrigued by some comments on HN the other day that dApps are where all the 'innovation' in crypto is today, so spent some time looking in to it.
After many hours I couldn't find anything even remotely interesting.
A large % of people now believe that the finance industry only exists to work against them and make an elite minority rich. There's a strong sense of "Fuck You, I Got Mine" from the last generation, so the current generation is saying "Fine, I'm going to invent my own system... with Black Jack, and hookers!". Crypto/DeFi is creating a sense of euphoria and hope against a backdrop of helplessness where people are thinking "I will never own a home", "I will never be able to afford to retire" etc, so why not take a punt on the next big thing?
I was intrigued by some comments on HN the other day that dApps are where all the 'innovation' in crypto is today, so spent some time looking in to it.
After many hours I couldn't find anything even remotely interesting.