The next year on paper looks very bullish for crypto, but I think is actually bearish. Trump admin’s “support” for crypto is cynically political and a case of”with friends like these…” 

Also given pre-inauguration conflicts with SV, the support is fragile anyway, and will only last as long as the relationship. Like it or not, crypto’s relationship to DC is mediated by SV. It’s not direct.

More globally, I’m cautiously bullish on Miele being genuinely aligned. While I’m not particularly aligned with his politics either, he seems like more of a serious person you can at least productively disagree with.

The rest of the world is somewhere between dismissive of crypto as a has-been trend and something that’s been domesticated and drained of all subversive potential due to stuff like CBDCs, stablecoin boom, Solana, mature KYC regimes, growing control over CEXes,… for a brief period ~2018-19 I think the political world was slightly scared of crypto, which is not entirely a bad thing.

"3. Mainstream adoption in explicit form will never happen, but the tech will get buried under UX. Normies will be about as aware of it as they are of SQL." 

10000% 

also 🤣

haha exactly! most ppl don't even know what's under the hood, just enjoying the ride 🚗💨

(paɪəˈnɪərɪŋ ˈspɪrɪt) a willingness to endure hardship in order to explore new places or try out new the new
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