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balajis
@balajis.eth
In the 2010s, all politics became social media. In the 2020s, all politics will become crypto tribalism.
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Polymarket
@polymarket
it already is.
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balajis
@balajis.eth
This is great. But it’s a transitional form. The next step is contestation between crypto-native tribes.
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John Hoang
@jhoang
Why wouldn’t it be something like crypto native versus centralized institutions
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Augustine Cost
@guscost
We’re in that mode already, it’s well underway, and somewhat independent from culture war
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John Hoang
@jhoang
Is it though? The only example I see is Bitcoin and it’s still in the early adoption curve where the late majority haven’t joined yet. I would think if we were in that mode the US government wouldn’t be as bloated as it is today.
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Augustine Cost
@guscost
Market penetration models don’t really work for this. It can be said with a straight face that El Salvador and Bitcoin already have a check on the power of the US Treasury. The US can’t destroy the dollar without losing most of the wealth to Bitcoin. Really, all that is up to them is the timing.
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John Hoang
@jhoang
I wouldn’t narrow the market of Bitcoin to just El Salvador? What’s an example of a crypto native movement that has meaningful progress against a centralized institution?
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Augustine Cost
@guscost
You’re missing the forest for the trees, and even some of the trees. For example SEC did not want to approve either ETF, but they were basically forced to with legal and political pressure.
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John Hoang
@jhoang
That’s why I’m asking. We just have different measures of success. This is essentially what I mean. Crypto isn’t 10x better than centralized institutions yet. Much more work to be done. https://warpcast.com/jhoang/0x1b8df445
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