teddit

candid thoughts (and warning) on BlackRock's Larry Fink's "endorsement" of crypto ETFs and tokenization.

if you respond with genuine feedback, reactions, counterargument, etc. and continue the conversation, then i will gift you warps.

/ted | exploring the onchain frontier | surfing @ venice, ca | eating @ gjusta / gjelina

I'm skeptical whenever someone's words affect market movements or narratives (and even more skeptical when market movements affect someone's words). So I don't think this is something to get excited about by any means, he's doing it in self-interest as you pointed out. 1/n

Making the blockchain invisible at /thirdweb

At the same time though, I don't think it's cause for concern. It looks like the beginning of a natural bull market progression and he is positioning himself to profit from it. Unless there's a concern they'll take over enough validators to control one or more chains, I think it's relatively harmless long-term. 2/n

As I'm writing this I'm realizing there could be concern that the people BlackRock leaves holding the bag in 4 years could turn against crypto because of that and fight it going forward. imo the only thing to do about that is continue decoupling crypto the industry from crypto the narrative

I don't think he has any interest in that, he just wants profits. If we are entering a bull market BlackRock will probably profit at the expense of some unfortunate people they leave holding the bag, but that won't affect the core builders who work in crypto regardless of the current narrative 3/n