@berastotle@Cbb0fe Incentive misalignment. Protocols are incentivized to maximize fees. Properly incentivized curators should be incentivized to maximize user performance.
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Wake up Democrats
@SenWarren's anti-crypto army could literally cost you the 2024 presidential election.
11m registered US voters own more than $1k in crypto.
Crypto voters choose Biden over Trump 43% to 39% last time.
This time they support Trump over Biden 48% to 39%.
You risk losing the presidency, and you gain what - the banking lobby?
This may be the biggest political self-own of our time and no one in mainstream is talking about it.
What should Democrats do?
First, they need to abandon their anti-crypto policy immediately and promote pro-crypto democrat voices like @RitchieTorres.
Second, the white house need to backtrack it's anti-crypto rhetoric and call for congressional clarity.
Third, @POTUS should to say something positive about American crypto Entrepreneurs like @jespow, @brian_armstrong, and @haydenzadams - bring them to the white house - engage.
Fourth, call off your dogs - the SEC is on a rampage - ask Gensler to cool his jets, approve the ETH ETF as a good faith gesture - give Biden admin credit for that.
Fifth, no one wants a CBDC right now - they find it creepy - stop talking about it.
Zooming out, there are huge wins for Democratic platform in crypto...
- banking underserved communities
- escaping wall street monopolies
- exporting the U.S. dollar
- disempowering authoritarian rivals
- new jobs & economic opportunities
Look at those.
Your party supported the open internet in the 90s - why are you against it in the 2020s?
This is such a layup.
Wake up on crypto - or lose the presidency.