I’m very grateful to Jupiter, I got a big allocation, which I sold for around 1 USD per token. Nevertheless I still want Jupiter and crypto in general to succeed. Currently almost all transactions in crypto are speculative, but not everyone wants to become a trader or NFT holder, we have to think about how to attract non speculators. So if we want to expand, we have to build a fiat less ecosystem where everyone can live without fiat transactions – all daily needs can be paid in crypto.
I believe it’s only possible by cooperation of both – Jupiter team and Jupiter DAO, the team can build a platform where we, the DAO – the critical mass can sell and buy goods and services for crypto payments, without converting to fiat. It’s super important to provide services and goods in native crypto payments, the seller can go to fiat afterwards if he wants, but if there will be enough options to spend crypto, the fiat will become meaningless. Going fiat less would be a big win for Jupiter and crypto, the transition will be gradual, but someone has to be the first to turn the tide.
Launch pools could be used to boost crypto payments for real life goods. There could be a launch pools, where DAO users get informed about goods and services available in crypto payments, the DAO can pick the most needed ones. I also believe that we have already a service providers and customers in our DAO, we just have to connect them and incentivize crypto transactions between them.
Speculation is a good starting point, but if we want to grow and become sustainable, we have to move on, we have to provide real value to existing and new users. Speculation in general is not sustainable, because for someone to win, someone has to loose, one day you win, next day you loose, money has made a loop, but you got nothing, just wasted time. Most of the people spend money on goods, services and entertainment, then they go to work (produce goods, provide services to others) and make money to spend again. Money is circulating similarly as in speculation transactions, but there remains some value to people - goods, property, memories from trips etc. Therefore I think that fiat less ecosystem is a way to expand Jupiverse and continue crypto revolution.