keccers
@keccers.eth
Crypto really is low status and trashy. It has afforded me a lot of opportunity but it’s also embarrassing and not something I am excited to tell people about
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androidsixteen 🌲
@androidsixteen.eth
Feature not a bug Most powerful financial technology ever created — would be a real shame if incumbents could coopt it Good thing they won’t touch it
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keccers
@keccers.eth
The incumbents honestly are the better players sorry not sorry No one here myself included is all that great Crypto afaik uses a revolutionary posture to take all the worst parts of the incumbent culture and KEEP those while being worse in every other way and hoping you don’t notice because you’re distracted by ideals no one lives up to Ie why is Coinbase so shitty at providing reasonable customer support while allowing company insiders to snipe every single new token listing of the year? Sure tradfi insider trades too but at least they give me a fucking person on the phone when I have a problem with my scraps
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androidsixteen 🌲
@androidsixteen.eth
Have you ever taken a payday loan? Or had to remit money to another country? Or held physical dollars to hedge against inflation? I think incumbents are good for you because you’re in the top 10% in the world when it comes to financial access
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keccers
@keccers.eth
These are the stories ALWAYS trotted out to justify the massive mountain of trash this industry is responsible for otherwise While not wrong, crypto hides a ton of subpar trashy shit behind the moral gloss of financial access And it’s Telling the chief consumer is a desperate one
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androidsixteen 🌲
@androidsixteen.eth
I think you're moving the goalposts I agree with you that it's been 90% scams, 5% infra buildout, and 5% improvement to dollar access in the 3rd world Point is that the 90% scams acts a inscrutability shield against the entrenched players -- it's a far greater existential risk that the tech gets eaten and the circumstances stay the same re: financial access. Much better to chew a lot of glass for 20-30-40 years and tolerate the scammers, opportunists, etc. in the hope that something changes
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keccers
@keccers.eth
This mountain is not mine to climb and I’m not even sure I agree in the tech’s promise the same way as you But I see what you mean re: the scams as shield now
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