basil (recession arc)
@itsbasil
to tokenize everything is to tokenize nothing & simultaneously to dilute everything fundamentally, value is scarce; attention is scarce; liquidity is scarce you cannot accrue sustainable long-term value in any meaningful way in a completely lateral, fully tokenized system—it will leak; outflows will outpace inflows you will only welcome incremental volatility & disproportionately increase the amount of everyday losers relative to structured markets there is no consumer protection or provisioning in this system; meaning more consumers will lose in this system than in current models, which are already flawed as is the only people who fully stand behind this ideological agenda of tokenism are the teams who own the launchers, chains, dexs, vcs and the other intermediaries this is telling… there is no PURE consumer on the other side of this debate; it’s just business it’s like watching a train fly by that has lost its breaks; we fight the inevitable because it’s heading towards disaster
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artlu 🎩
@artlu
Z O R A was supposed to empower artists
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