Cassie Heart
@cassie
It's been a while since I went on a threadoor moment. Here's the spicy take: @balajis.eth is right. But what he's off about is the endgame. Here's the Cassie crystal ball tea 🔮🍵 and you can bet it comes back full circle to my grander theory of crypto. We're going to start from right now, and work forward 40 years.
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Cassie Heart
@cassie
At this point, everyone has heard the $1MM bet. And to be fair to Balaji, clearly no, Bitcoin won't reach $1MM in 90 days. But what is going to happen is a mass capital exodus as panic sets in once the curtains are pulled back and people see the emperor (banks) has no clothes (money).
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Cassie Heart
@cassie
But there's a lot of moving pieces to a very substantial world-changing event, and this is just the pretext. What's next? Something that @balajis.eth has also been hinting at – the rise of the network state. But how it's going to happen is going to be much like my morning routine: messy and chaotic.
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Cassie Heart
@cassie
Things on a parallel track are accelerating with absurd momentum. AI has dramatically overshot human performance. It can hear you now. It can respond to you now. It can see you now. And it knows you now. The only thing these functions can't do, is talk to one another. https://i.imgur.com/0mcB4YQ.png
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Cassie Heart
@cassie
Why am I bringing this up when we're watching the latest economic empire see its fall? Because these two parallel events are the grandparents of what will emerge as the new state. For all recorded human history, our ability to self-govern has been lead by a subset of a mixed representation of ourselves.
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Cassie Heart
@cassie
Mostly wealthier, more aggressive, certainly more power-hungry people. And every time there has been instability within the walls of the state, the levers of control over money have been actuated to contain the chaos. When that hasn't happened, well, capital takes flight, exacerbating the situation.
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