Vitalik Buterin on Warpcast

Vitalik Buterin pfp

Vitalik Buterin

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Vitalik Buterin pfp

Vitalik Buterin

(this is also me testing the flink.fyi long cast feature)

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Christian Montoya 🦊 pfp

Christian Montoya 🦊

I don't think this strategy would work. Even if young people decide to forgo buying housing, they still need a place to live. Ergo, they will rent. Which will mean demand will still be the same. Housing is expensive partly because demand is always constant. No one can just abstain from the market.

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Cassie Heart pfp

the origin story: The financial system is broken, rules written and enforced by institutions that do not follow them and cannot be held accountable. If code is law, transparent and unyielding, it is the greatest arbiter of fairness for financial systems and should be pursued and implemented thoroughly.

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Venkatesh Rao ☀️ pfp

Venkatesh Rao ☀️

The size of the US housing market is $52T, crypto is ~$1.65T globally. 30x diff. And demand for housing is mostly to live in or rent out. You can’t zero it out. If you don’t own you rent. A grimdark version of don’t buy houses is don’t have children. That actually subverts things whether you rent or own.

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Giuliano Giacaglia pfp

Giuliano Giacaglia

That’s exactly what’s going to happen. All assets will devalue against Bitcoin and all crypto. Crypto will have a bigger effect to society than social media had. It’s just the early days

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Perec, Georges pfp

I think so: the younger generations slowly discovering the fictitiousness of the traditional economy, thereby freeing themselves to participate in equally-artificial yet far more accessible and creative economies of crypto and adjacent endeavors.

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Rani pfp

housing is very affordable in many parts of the country though.

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Sean Wince 🎩🐹🟢↑ pfp

Sean Wince 🎩🐹🟢↑

Everyone knows on some level how manipulated and controlled tradfi is. Whether it was the bank bailouts in 2008, GME trading halts, Fed printing, or many, many other examples ... People are just sick of insiders pulling the strings and that plays into the populist appeal of crypto

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Grit pfp

Yes. I think crypto is ultimately an alternative to the current paradigm. We will create a new rails for a new power dynamic. Political systems depend on power. Feudalism to democracy all deal in power distribution mechanisms.

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dinislam pfp

yes, but the US tax code is rigged, sorry, *optimized* towards property ownership and continuous speculation on it people generally respond to incentives

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Samuel pfp

Same in Germany. Rent prices don’t go up a lot because people can’t afford them while house prices do as those with plenty of cash buy to store cash there They don’t mind 30+ years in theoretical break even through rent as interest and opportunity cost are outweighed by price rise and inflation

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typeof.eth 🔵 pfp

typeof.eth 🔵

Commercial real estate is def exacerbating the problem of unaffordable housing, but discouraging individuals from buying would just make it cheaper for investors to scoop up properties. We all need a place to live so housing has inherent demand.

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0xZara.eth🎩 pfp

2000 $DEGEN 😉

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helladj🇺🇸 pfp

helladj🇺🇸

Crypto only go up

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Statuette pfp

I would hope it is just as you described.. Crypto empowering ordinary individuals to come together for a common cause, to challenge the dominance of dishonest institutions by cutting their financial supply, to democratize the system. We need more initiatives like Zuzalu to get together and organize collective action...

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Rani pfp

housing is very affordable in many parts of the country.

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