I have absolutely no faith in crypto as a force for good. The decentralisation and crypto anarchism ideas that drew me to the space are dead. Crypto capitulated completely to the US government. The grift is everywhere. The extraction has reached new levels. It’s just a centralized, PVP casino.

I write about tech + humans + philosophy. Farcaster OG. FID 3305 founder of /theindex 

https://www.joanwestenberg.com/

I think you're missing the long game here. the buckminster fuller parallel system. the ultimate extraction from the regime requires regime buyback.

the cool thing about "stables" is that the centralised US treasury model is actually the dumbest way to implement it. i'm confident when the liquidity is there, we can transition to CDPs, or something better.