Mass adoption was the worst thing for your PnL

I get it. We spent years selling ourselves on mass adoption, and when it finally arrived, the market stopped feeling like a casino and started feeling like work.
But I’ve been thinking about it like an RPG. The first chapters were messy and unfair, so you could win just by showing up. Now the game is late-stage: bosses are tankier, mistakes are punished, and you don’t get XP for vibes.
That doesn’t mean the game is bad. It means you’re not in the tutorial anymore. Level up, or log out.