teddit

hard truths:

1. crypto isn’t growing, in fact it’s more cringe than ever because of the new admin embracing it / $trump

2. it’s not realistic to generate a full-time sustainable income on farcaster, $degen and $higher were anomaly wealth events

3. majority of the world doesn’t think in terms of markets 24/7

This thread reminds me of a great conversation had at MISIPASTA.

We (@fffflood, @samuellhuber.eth, @iz, other great folks who I don't know their fname – tag 'em!) were talking about the assertion that "crypto needs to grow".

One hard question: "do we really?"

TradFi isn't trying to bring new users onto Bloomberg.

We are all history. Co-founder & GM, /poap 🏅

Farcaster Development Boutique @ https://dTech.vision 💜 in love with tech 🤓decentralization, fitness and oldschool rap 😎

founder operatingsystem.io | eth c/o 2015 | @ganbrood hoarder

leader • reader • taco eater • fly eagles fly • /whiskey • /nativefun • previously addepar, linkedin • https://nf.td/derek

The way you put this makes it seem like Bloomberg kept their core business the terminal and never expanded beyond that into  news and media 

Finance is broadly applicable to everyday life and Bloomberg does a great job of making that accessible to people who don’t work in finance via these vehicles 

Think it’s inaccurate to say they never diversified

The Farcaster formerly known as Kchamp. Books, beats, bodybuilding, bright ideas and beautiful things.

katherinechampagne.com

Didn't say they never diversified products. They did.

But they didn't diversify markets. They're not missionaries.

For instance: the Bloomberg news network is intended for people in finance.

People go to finance; not the other way around.

Will the same be true of crypto? IDK.

100% aligned – the real question here is if crypto will become new societal infrastructure and, if so, how.

i personally think it'll be via opt-in as it becomes more valuable, much like the internet.

i think apps *should* worry about growth, but not protocols.

much like AOL vs. HTTP.

I guess what I am really driving at is legacy finance is societal infrastructure and we all participate in it. You don’t opt in and you don’t have a choice. People don’t go to — they are born in 

Crypto is more of a belief system with markets inside it — you have to opt in, unlike trad fi