Icarus

[Icarus @Learningbehavi1]

@koreanjewcrypto crime

[Icarus @Learningbehavi1]

@Evan_ss6 just call it shizoposting at this point, i'm wrong and i'm right, no i'm not paranoid at night

[Icarus @Learningbehavi1]

@Zeneca eth underperforming all cycle, starts outperforming
might be a sign who knows

[Icarus @Learningbehavi1]

@velo_xyz @ByzGeneral weakness getting culled , not a great look for btc

[Icarus @Learningbehavi1]

@deltaxbt these are giga whales leaving, not the first time we're seeing bloodbad candles on the LTF either

[Icarus @Learningbehavi1]

@ballerxbt with a napkin maybe
someone came , saw and conquered , cash in hand and these aint small fish leaving massive red candles on the LTF. We're seeing this a bit too often around this range.
we done bruh

[Icarus @Learningbehavi1]

@loopify did we not get the ath , give me the most entertain ing outcome. donezo

[Icarus @Learningbehavi1]

@CL207 Gimme drama translated in PA first, shit gets boring
where's the lore

[Icarus @Learningbehavi1]

@karbonbased big one, these ltf wicks dont die

[Icarus @Learningbehavi1]

@deltaxbt algoritms on content also gone to shit
then again i'm not paying.
Went from intellectual content to tiktok esque dopamin hits in the span of 1 year. Gradually first then all at once..

[vitalik.eth @VitalikButerin]

There is perhaps an analogy with weed here.

Ten years ago, to many weed represented freedom, and rebellion against sclerotic old order that denied self-sovereignty over our bodies. Then, weed became legalized, and "official".

On that day, I remember my personal interest in weed dropping by > 2x overnight.

And since then, public discourse is moving toward a balanced view of weed: it is much less harmful than alcohol and smoking, and has valuable medical uses, but it is also far from harmless, especially in its modern corporate hyper-optimized versions.

Crypto finance is similar. In the old order, @GaryGensler created a regime where tokens that give investors clear indication of what their rights are and where their revenue comes from is a "security", but obfuscated "governance tokens" are potentially in the clear. This was a perverse distortion of incentives, and it is a key reason why @GaryGensler must never be christened as a hero, even among crypto skeptics. Everything that happened in crypto was in part a response, part compliance part rebellion, to these pressures.

Over the last year, we have been entering a new order. Now, the most powerful people in the world are cheering on the idea of anyone creating tokens for anything, at any scale.

And so now is the time to talk about the difference between sugar-high short-term fun that is unwise to recommend to newbies, and long-term fulfillment and wealth-building. It is not about "fun is bad", it is about the equivalent of modern hyperaddictive cellphone games, versus chess or World of Warcraft.

Now is the time to talk about the fact that large-scale political coins cross a further line: they are not just sources of fun, whose harm is at most contained to mistakes made by voluntary participants, they are vehicles for unlimited political bribery, including from foreign nation states.

This is in a sense the essence of d/acc: the goal is not to indiscriminately accelerate everything, including superintelligent AI and fentanyl, the goal is to selectively accelerate defense so that it can keep up with offense. Sometimes, that defense is a matter of cultivating our own sense of virtue. Sometimes, that defense is a matter of creating better alternatives.

In defi, we are already starting to see a return toward honest token-based fundraising that gives users clear understanding of what they are buying, bringing us the best of pre-2020-era ICOs while addressing their downsides. The @infinex_app patron sale, and the @Truemarketsorg NFT sale, are two examples of this, and I personally know of other examples that are soon to come.

There is a bright future of capital allocation mechanisms that can be built. Potentially, we can come up with ways to ensure alignment with community wishes as well as safeguarding important values like privacy, security, open standards and open source, that could be part of the incentive structure itself. Acceleration is coming either way; it is our task to choose the brightest possible vector.

[Icarus @Learningbehavi1]

@naniXBT 🤣🤣🤣

[Icarus @Learningbehavi1]

@IamNomad Excellent psy operation CT, may the sentiment shitposting be bipolar and our positions unchanged. Tardfi won't beat us at our own game?

[Icarus @Learningbehavi1]

@Evan_ss6 as forecasted, up only

[Icarus @Learningbehavi1]

@RookieXBT yeah we usually have everyone getting caught off guard max longing/punting the next hottest trend gigasending while Btc prepares for utter annihilation after ranging everyone into a comfy greedcoma.

[Icarus @Learningbehavi1]

@IncomeSharks Succesful and prolonged L1 vampire rotation like Base tried would be very healthy.

[Icarus @Learningbehavi1]

@anglio 61250 $JUP

[Icarus @Learningbehavi1]

@Pentosh1 The tricks of greed work everytime. Iast time liquidity went tot vc's and exchanges. Mostly from retail, this time exchanges and vc's gave some back. I wonder how they will recapture it.

[Icarus @Learningbehavi1]

@dcinvestor This is the way, influencers pushing grifter meta and turning it all in an unregulated online casino will reach a boiling point making it easier for the suits to push for tighter regulations soon as the next president gets elected. Liquidity will return towards btc and builders.

[Icarus @Learningbehavi1]

@blknoiz06 @karbonbased they do it for you tho