THE THREE CLASSES OF CRYPTO

Summary from the TLDR Crypto newsletter

There are three classes in the crypto ecosystem: commercial, casino, and cypherpunk. Commercial crypto includes RWAs, stablecoins, and institutional systems focused on efficiency but riddled with hidden centralization risks like freeze functions and sequencer control. Casino crypto is speculative and profit-driven, and thrives in regulatory gray zones. The rarest, cypherpunk crypto, stays true to the industry's roots and uses cryptography to build censorship-resistant systems that preserve individual freedom.