Stepping back from the ledge - a thread.
More from Government
'Peaceful transition to Military Power....'
Cannon
44
....heard around the world
NG - High Alert https://t.co/lfeSiUCCRB
We Will Never Forget
44
Stage is set
https://t.co/h6G3LCevII
Following the 44 trail of breadrumbs
https://t.co/PcX0uKUEUW
Cannon
44
....heard around the world
NG - High Alert https://t.co/lfeSiUCCRB
\U0001f4a5 BOOM \U0001f4a5
— R\u0113d.P\u012bll.Ph\u0101rm\u0101c\u012bst (@Red_Pill_Pharma) January 18, 2021
30 secs in - what do I hear?
\u2018Peaceful transition to military power\u2019
\U0001f1fa\U0001f1f8 MILITARY IS THE ONLY WAY \U0001f1fa\U0001f1f8 pic.twitter.com/9NPMT7N7Qy
We Will Never Forget
44
Stage is set
https://t.co/h6G3LCevII
The stage is set. Staged.
— JeLove (@LovesTheLight) November 7, 2020
Where? (the) Delaware.
10:44
Purple
First graphic in 98https://t.co/PKHlxp0rzS pic.twitter.com/XCx6pVQTHx
Following the 44 trail of breadrumbs
https://t.co/PcX0uKUEUW
Boom, Boom, Boom pic.twitter.com/ZcZXAgL0Qf
— JeLove (@LovesTheLight) August 13, 2020
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So the cryptocurrency industry has basically two products, one which is relatively benign and doesn't have product market fit, and one which is malignant and does. The industry has a weird superposition of understanding this fact and (strategically?) not understanding it.
The benign product is sovereign programmable money, which is historically a niche interest of folks with a relatively clustered set of beliefs about the state, the literary merit of Snow Crash, and the utility of gold to the modern economy.
This product has narrow appeal and, accordingly, is worth about as much as everything else on a 486 sitting in someone's basement is worth.
The other product is investment scams, which have approximately the best product market fit of anything produced by humans. In no age, in no country, in no city, at no level of sophistication do people consistently say "Actually I would prefer not to get money for nothing."
This product needs the exchanges like they need oxygen, because the value of it is directly tied to having payment rails to move real currency into the ecosystem and some jurisdictional and regulatory legerdemain to stay one step ahead of the banhammer.
If everyone was holding bitcoin on the old x86 in their parents basement, we would be finding a price bottom. The problem is the risk is all pooled at a few brokerages and a network of rotten exchanges with counter party risk that makes AIG circa 2008 look like a good credit.
— Greg Wester (@gwestr) November 25, 2018
The benign product is sovereign programmable money, which is historically a niche interest of folks with a relatively clustered set of beliefs about the state, the literary merit of Snow Crash, and the utility of gold to the modern economy.
This product has narrow appeal and, accordingly, is worth about as much as everything else on a 486 sitting in someone's basement is worth.
The other product is investment scams, which have approximately the best product market fit of anything produced by humans. In no age, in no country, in no city, at no level of sophistication do people consistently say "Actually I would prefer not to get money for nothing."
This product needs the exchanges like they need oxygen, because the value of it is directly tied to having payment rails to move real currency into the ecosystem and some jurisdictional and regulatory legerdemain to stay one step ahead of the banhammer.