@RyanSAdams@scottmelker@mikemcg0 Honestly it's going to take an implosion of the Bitcoin network and/or its core properties for people to have their eyes opened to the reality that is. It's just like tribal politics. But, as time passes the probability of that event happening grows ever larger.
@LukeGromen@elpolodiablo75@matthew_pines Maybe it IS all about being opportunistically short-term and transactional, not about running a strategically long-term strategy for the benefit of the country.
@DCinvestor If a private lab or company develops real AGI, what stops them from using it to protect themselves against governments and ultimately for control? Not to mention the AGI itself. This AGI Accelerationism is ultimately a paranoid schizophrenic race for control.
@balajis This is by far the most accurate take. What we are seeing is the cementing of the diving ideological fissures left from crumbling institutions of the West that once reign supreme and the ensuing power clash between the emerging factions that aim to fill the void.
Agreed. Let them understand this: While the incumbents in the banking industry are fighting to protect their self interests based on pure monopoly & profitability, the crypto industry is fighting to protect idealogical principles that no amount of money can buy.
0/ This would be a huge mistake, not just for crypto but for Congress, as banks win via toxic lying to destroy innovation and create regulatory complexity.
That path means crypto will never be decentralized and, over time, all financial products just fold into JPM.
@RyanSAdams I would actually argue the opposite. The 4 year cycle is dead, but not like most people think. And signs have been brewing since 2020. Base case for this next phase is ETHBTC will go on multi year upward swing & ETH will look a lot like BTC did this cycle.
@CloutedMind ETH is about as oversold as it was last summer when everyone was saying ETH is death. That was actually quite a capitulation, down about 65% or so which is similar to how low it is from its recent high right now.
@RyanSAdams Yes ETH is money. It will come full circle. Next bull market starts once people start calling ETH ultra sound money again. Agentic ultra sound money.
@LynAldenContact@nic_carter@CassandraRules And thus we've crossed the Rubicon. Self-rationalized calls for violence against opposing sides increasing. Likely fueled by propaganda campaigns from state actors, perhaps other actors too, through new tech that potentiates at an exponential level. Welcome to the 21st century
@lex_node They just want to take advantage of the spoils they would get by being the ones to build a new system. They merely masquerade holding cypherpunk values.