For those who have only recently started following me: I like to research and expand my knowledge.
Unfortunately, I don't have anyone I can share this with IRL. That's why I like to let you guys be a part of it.
What you do with it in the end is up to you NFA & DYOR.
@Chris_NFToken That is the real goal. Investing money that you don't "need" in a diversified way and hoping that one will astronomical strike + after a 2x getting the initial buy-in out and ride for free..
Amazing video! I didn't realize until now that there are no "video threads" on Twitter.
I'm even a bit conflicted since people are on Twitter to read something rather than watch video content.
But when it's so well produced...you make an exception ๐
@CryptoCurb On one hand they deserved it, that was an extraordinary achievement, on the other hand the narrative they "sold" is simply a lie.
"Early contributor" just doesn't sound like a big capitalist for-profit evil creature, it sounds like the little guy like you and me ๐
A thought experiment after which I cheated (ETH) for a week:
What would happen if Solana's transaction costs rose to $10-$20?
Understandably a huge uproar, but there would be something positive:
Market participants would scrutinize their decisions more closely. Will I make that buy/sell? Have I gathered enough information so that I am completely convinced I am doing the right thing?
The resulting conviction would lead to a different perception of the market. For example, if I bought something, I let my investment work and look at it more "long term" and don't fumble every second on it or question immediately my decision.
That would be a positive effect for oneself. Maybe some peace of mind.
Nevertheless, I condemn high transaction costs and have already commented on this in detail:
https://t.co/RJmQu12q2S
You hypocrites. An objective and partly philosophical approach to a peculiar phenomenon.
Why are high gas prices tolerated even though it contradicts the basic principles of the crypto world?
๐ The philosophy of the crypto world: cryptocurrencies were created to democratize financial systems, erode the power of central banks, and promote financial freedom for all people. But high gas fees are putting this philosophy in jeopardy.
Financial inclusion: high gas fees are unaffordable for many people, especially in low-income countries. This undermines the vision of an inclusive financial system and the ethical principles of the crypto revolution. Constructed narratives of a "rich" or "poor" chain are repugnant, you are not one bit better than arrogant wealthy spitting on the poor IRL. Would you do that?
Decentralization: astronomical gas fees lead to the centralization of power & resources, as only wealthy players can bear the costs. This goes against the basic principle of decentralization in the crypto community and jeopardizes the original intent. You recognize the paradox, don't you anon?
Access to innovative technologies: High gas fees can limit access to these technologies and slow growth and adoption, hindering the democratization of financial services and the arts. We all want new people onboarded, but how the fck are you supposed to explain to a logical person that they should pay a $27 fee for a $25 transaction?
I haven't mentioned a single chain by name yet, on purpose. The only thing I ask of you is to not be ignoramuses. Maybe you still know #Nokia, #BlackBerry, #AOL, #MySpace, #Yahoo, #Blockbuster or #Xerox.
Just because you're one of the first doesn't mean you'll stay first. Times will change, piece by piece.
@CarlosOMFG Unfortunately @MooniesWTF dipped only about 10%, but maybe @DandiesNFT would fit you also? Dunno why they don't get the respect, they deserve..
Do you remember the $APT hype? The whole timeline was full of it - I hated it. Thought for a short time $SUI will be the same and then came thank God the memecoinszn. Even if it was fun in the beginning, the market is slowly oversaturated again.