It would be easy to dismiss this as an individual person’s reaction, but I think it speaks to a real problem.

It seems like the incentives are getting worse. Things like DeFi are moving money around, but is that finance actually enabling anything to be built that improves the world other than more financial instruments?

Right now it looks like the crypto space is capitalism at its most extremely negative. All the downsides - exponential increase in consumption of natural resources, money making money without adding value, wealth being accrued arbitrarily to those who happened to be in the right place and time, and seemingly none of the upsides - people being rewarded for solving human problems.