Nov 3, 2023·edited Nov 5, 2023Liked by Michel de Cryptadamus
Well written.
The crypto industry must now pay a steep price that has never been paid before.
The rest of productive society will no longer be pawns or collateral damage for the crypto industry’s greed and desire to topple society for their own bags to go up.
It doesn't take a 180 IQ to see where this leads - crypto’s endgame is a radical political revolution against the state and entire societal order - if left unchecked, it leads to societal unrest, revolution, or war.
Not talking about legitimate blockchain enterprise and infra use cases that improve productivity.
What if full on anti crypto populism is here now?
Crypto bros really thought due to a decade of ZIRP the world ran on shitcoins and DeFi.
Turns out when shit hits the fan it still runs on state backed violence.
Crypto bros really thought they could market half baked, flawed tech to the masses as replacements for the banking system,
inadvertently lead to terrorist financing and billions to be hacked, and nothing would happen in retaliation from users and the Feds. Lmao.
Because it began with the destruction of the educational system ~1960. Think about how the next human lifespan would look after that. At first, the die-off of the last educated cohort would make little difference; but as their numbers drop below a sustainable level, there is a threshold effect, which gives the appearance that something sudden, illegible, and accelerating is going on. Anyone looking at it will be tempted to interpret it in terms of their own pre-existing concerns.
I see. Well what I'm saying is that crypto bros need to wake up and get the book thrown at them. Expect a SEVERE populist response the likes of which has never been seen before at such a global scale. It's inevitable as crypto grows unchecked.
I appreciate the sentiment and the writing style, but why do you keep using Trump as the boogeyman? With the absolute horror show that's followed him, Trump seems positively benign in comparison.
Well written.
The crypto industry must now pay a steep price that has never been paid before.
The rest of productive society will no longer be pawns or collateral damage for the crypto industry’s greed and desire to topple society for their own bags to go up.
It doesn't take a 180 IQ to see where this leads - crypto’s endgame is a radical political revolution against the state and entire societal order - if left unchecked, it leads to societal unrest, revolution, or war.
Not talking about legitimate blockchain enterprise and infra use cases that improve productivity.
What if full on anti crypto populism is here now?
Crypto bros really thought due to a decade of ZIRP the world ran on shitcoins and DeFi.
Turns out when shit hits the fan it still runs on state backed violence.
Crypto bros really thought they could market half baked, flawed tech to the masses as replacements for the banking system,
inadvertently lead to terrorist financing and billions to be hacked, and nothing would happen in retaliation from users and the Feds. Lmao.
What you're seeing is devolution. Crypto is a coincidence.
How do you know devolution wasn't actually a ZIRP phenomenon now swinging back to centralized power in fact?
Because it began with the destruction of the educational system ~1960. Think about how the next human lifespan would look after that. At first, the die-off of the last educated cohort would make little difference; but as their numbers drop below a sustainable level, there is a threshold effect, which gives the appearance that something sudden, illegible, and accelerating is going on. Anyone looking at it will be tempted to interpret it in terms of their own pre-existing concerns.
We are using the word devolution in two different senses. I mean by it the opposite of evolution.
I see. Well what I'm saying is that crypto bros need to wake up and get the book thrown at them. Expect a SEVERE populist response the likes of which has never been seen before at such a global scale. It's inevitable as crypto grows unchecked.
https://www.youtube.com/watch?v=GZDl_R8Zp2E
I appreciate the sentiment and the writing style, but why do you keep using Trump as the boogeyman? With the absolute horror show that's followed him, Trump seems positively benign in comparison.
Great article. Thank you.