I keep coming back to a familiar pattern in crypto: activity gets mistaken for value. New interfaces appear, participation grows, and the metrics look impressive, but the underlying questions remain unresolved—who creates value, who owns it, and who captures it.
That is why Genius Terminal caught my attention. What interests me is not the product itself, but the problem it points toward: privacy, attribution, and ownership in increasingly data-driven markets. I do not fully trust it. I respect the attempt more than I trust the outcome. But I have seen this before, and the question still matters.