thomas

We’re straying further and further away from the original vision for crypto with every passing day.

In the short term we’re opting for instant gratification blinded by individual greed and ambition. 

In the long run we’re burning our best, last chance to escape entrenched power structures and win forever.

Ironically enough, the most effective defense by the powers that be (SEC, TradFi, etc) to stave off crypto’s threat to their dominance is *not* to regulate it to death, but rather the opposite — it is to institutionalize the grift at the presidential level, and let the greed incentive of the common man corrupt the tech from the inside

Aviator, diver, Etherean, nexialist, PhD in aviation ∩ climate science | Host of /diving /ethfinance /eth-staker /geopolitics /science /singapore /thomas

It’s funny, I was just describing this as a partial defense of our strategy the other day. Most people here in crypto now don’t even understand the original intent and power of the designs, they’re all high on memecoins that steal from their neighbor. 

The fact that nobody who knew how this shit was designed to work ever shipped anything usable was a complete gift to the regulators. 

Then you take charlatans like moonpay, on-ramper, wyre (good riddance), transak, zero hash, checkoutdotcom, cryptodotcom, etc etc, the charlatans that survived, all just gate keep and extract fees while returning as close to zero value as possible, we should consider ourselves lucky if we get anything other than a Stripe and Coinbase version of centralized banking.