Diogenes

stand a little out of my sun

[Diogenes @harryhendrix27]

@kitten_beloved SF is more right wing than the stereotype implies

I think this is more likely due to SF being a bastion of counter culture more than anything, though

And being right wing is counter cultural for the first time in a long time

[Diogenes @harryhendrix27]

@JustDeauIt “Memes” are simply arbitrary tokenization. You can take an idea, turn it into an asset, and bootstrap liquidity for it relatively simply and cheaply

This is a very large design space and it will change content creation in ways we haven’t seen before. Its already happening

[Diogenes @harryhendrix27]

@JustDeauIt CT at large ignores this stuff because of a pervasive inferiority complex. This is why so many want the industry to become “real” and “serious”

This bias exists at a time when there are significant organic and emergent behaviors coming out of memecoin platforms and communities

[Diogenes @harryhendrix27]

I think AI will actually make college matter more to a degree

AI will flatten the academic merit aspect of college. The main purpose of college is to act as a status sorting mechanism

The club of Harvard will only be more attractive when it’s hard to parse ability on its own

[ib @Indian_Bronson]

We haven’t priced in what happens when technology advances so much that there’s huge crop of ungainly tropical birds made from about 2015 to 2025, almost doomed to starve in a different kind of AI winter

[Diogenes @harryhendrix27]

@realcryptocow

[Diogenes @harryhendrix27]

@kelxyz_ @tradexyz Do you think that perps are a well suited product for general retail? My intuition is that they’re relatively complicated for the average bear with funding rates etc

Maybe options are easier for general retail because they’re already knowledgeable about them via Robinhood

[Diogenes @harryhendrix27]

@jords @sacha Crypto is an open reality tv show that revolves around a game where you can win and lose with real stakes

CT is primarily where the personalities and drama lives

[Diogenes @harryhendrix27]

Crypto is a global permissionless capital market with arbitrary assets and mature social media networks

Lotta words which boils down to an open reality tv show that revolves around a game where you can win and lose with real stakes

This is what makes it very fun and weird

[Diogenes @harryhendrix27]

Everyone repeating the same talking points about how we are now a mature industry with Real Fundamentals™️ ignore the fact that they are just creating a narrative that backfills price action

The more things change the more they stay the same

[Diogenes @harryhendrix27]

The interesting thing about it is how ironic the narrative is

“Crypto is totally different now, it’s all about fundamentals, everything else should die”

Eh kind of. The reality is is that price still leads narrative even if that narrative is that this is no longer the case

[Rob Paone @crypto_bobby]

Feels like a lot of crypto natives collectively came to the conclusion that holding BTC/ETH/SOL was no longer worth the opportunity cost, re-deployed that money into select lower cap names and now we're seeing a genuine alt szn for coins with good economics, narratives or both

[Diogenes @harryhendrix27]

And it’s not like people genuinely only care about revenues right now. Pump is completely written off with speculation about wash trading or some other reason why it can’t possibly be real. Yet they print money and it’s not going away

[Diogenes @harryhendrix27]

@lex_node The level of state and corporate control+surveillance that we can expect in the next ~10 years is insane. Corporate centralization and intermediaries are how this is executed

It will be very punk rock if V makes Ethereum even more important in the individual sovereignty stack

[Diogenes @harryhendrix27]

@lex_node Ethereum has problems and has made mistakes but its always aimed for this huge vision that challenged the status quo in so many ways

Pragmatism matters a lot and so does execution, it can’t all be dreams. But nobody came to this place to just make a better back office

[Diogenes @harryhendrix27]

Dan is getting at something very true in this post

Many got into bitcoin and crypto because it made them truly believe in something that mattered to them at a level that was greater than money

Moneys great, great products are great, but they don’t inspire in and of themselves

[Diogenes @harryhendrix27]

I think there are a lot of people who want something to believe in. To inspire them. To be part of something. And I think a lot of people are still in crypto because they’re holding out hope something like that can still exist in this industry

[Diogenes @harryhendrix27]

Dan is getting at something very true in this post

Many got into bitcoin and crypto because it made them truly believe in something that mattered to them at a level that was greater than money

Moneys great, great products are great, but they don’t inspire in and of themselves

[Dan @robustus]

@chadasauruz What about hype is "worth believing in"? It's a great product, yes. Token has gone up, yes.

But Slack is a great product. Stripe is a great product. Neither is exciting in any greater sense, like Bitcoin is.

[Diogenes @harryhendrix27]

It’s cool that crypto is finding PMF in this area. It’s cool that there products that are working and making money

But Dan’s point is salient; who *really* cares about making it more efficient to trade stocks?

Does that get you up in the morning? Does that make you dream?

[Diogenes @harryhendrix27]

@LoganJastremski All time post

And I think it applies to the way people think about “memecoins” today

There’s something emergent and interesting happening here where crypto x social is working in unexpected ways and it’s being ignored right now

Something to think about