Dan Romero
@dwr.eth
Massive Overton Window shifting events create massive new surface areas for opportunity. Will be a chaotic, weird and exhausting year. Buckle up.
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sean
@swabbie.eth
I’m not sure memecoins is the shift we want. It was supposed to be crypto reserves and institutional DeFi. Those things can last and be positive-sum.
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Dan Romero
@dwr.eth
The shift is “everything that can be a token will be a token”. Memecoins are just the beginning. This will force regulatory overhaul in US which is the single biggest thing holding back crypto as an industry right now.
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sean
@swabbie.eth
rugpulls don’t help regulatory reform. BitConnect was not good for the industry. Luna was not good for the industry. Not every popular crypto program ends up positive for the industry.
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Dan Romero
@dwr.eth
The difference is it’s going to be a law passed by Congress. And Congress + presidency is controlled by a pro-crypto party. So regulators are going be downstream of the change (instead of being in control of it). This is unprecedented for crypto I. The US.
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sean
@swabbie.eth
I agree with you on those points but the President launching an 80% privately owned memecoin does not fit within those categories and it can only turn off more people to crypto when they lose money in it because it has no value-generating capabilities
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tim/vortac
@vortac
Fully agree 👍
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