1/ The financialization of crypto means more volatility but pretty long ascend to the top.
Multi-year bull and an ATH surprising even to the biggest bulls as the infinite Cantillon "wealth" is pumped into crypto
Crypto becomes the ultimate Cantillon insider circle-jerk.
2/ This will be one the most iconic ideological reversals in history, comparable to Google who was firmly against advertising but turned into the most powerful ad company ever.
3/ This scenario reminds me of the 90s privatization period in the post-socialist countries.
The regime transition allowed the communist party elite to benefit from the wild west form of "capitalism" that ensued, transferring (and multiplying) their wealth into the new regime.
4/ We are far from Satoshi's original vision . But words and intentions of *prophets* were used to manipulate and corrupt all throughout human history and this time it is no different.
https://t.co/6VxcNUiXeA
5/ Whether we like to admit it or not, crypto is the greatest leverage ever.
Solving the problems of "the little people" is but a pipe dream.
Crypto will not help to solve inequality. It will create generational wealth for people with particular set of skills.
6/ Waiting for the retail is waiting for Godot.
It is a ridiculous meme and a red herring.
Retail and normies are irrelevant.
Insider/Cantillon wealth is what makes the green candle that buys
@kyled116 breakfast cereals.
(mine too but I do not eat breakfast)
7/ This is why CT is attracted to characters like
@DegenSpartan. He is the truth hiding behind the troll. He is both an extreme insider (skills+capital) and extreme outsider (anon).
Degen is a manifestation of our shadow self. Some understand but few are willing to admit.
8/ There is nothing wrong with such reversal.
Morality has never bought prosperity anyways. Greed has some positive externalities.
Those emerging super-wealthy from the roaring 20s will be freed to pursue grand and exciting goals on behalf of the civilization.