Ravi

Growing | prev: @symbiotesync @getyieldfi @nakamoto_hub @airtelindia | Not fun at parties | bhai cabal | liquid

[Ravi @ravixkr]

Why I believe that road to $100k was just the warm-up to the bull run

TL:DR - Every bullrun the market price of bitcoin rises way above the mining cost. For this cycle the price of bitcoin is still roughly the same as the avg mining cost

Expanded into a 🧵👇

[Ravi @ravixkr]

@FerrandJeremie The team is there and is putting in all efforts to recover the funds - shailesh would be the best guy to give you more updates. But pls consider that legal matters move slowly

Appreciate your understanding

[Ravi @ravixkr]

In case you are wondering why i am not active on twitter, its coz coz i am doing nothing rn

[Ravi @ravixkr]

@FerrandJeremie they are lying - thats why we have to go the legal route

Ask them to show you the contract they signed and you shall find the truth. we cant do it because of the confidentiality clause

[Ravi @ravixkr]

@FerrandJeremie you are well aware about the process : legal notice has been served

i wish i could accelerate things but sadly its not in my hands anymore

[Ravi @ravixkr]

So crypto was all about making products to be used by banks?

Its not a great sight to see that everything is just being packaged in a way to make it appeal to banks.

DePIN, DeSo, DeSci where are you guys?

[Ravi @ravixkr]

@Sidhanth_here next is everything

[Ravi @ravixkr]

@hmalviya9 @Sidhanth_here yo, waiting for you here

[Ravi @ravixkr]

Reduce only

[Ravi @ravixkr]

The problem is that there is so many engineers in this space and they are creating the Winamp (misaligned incentives -- mostly illegal) version of Spotify

But because they are right now (the good ones) a rare commodity so they also get to have a say in the business roadmap instead of just minding their business

This is why we don't have a good consumer app break out of crypto (yet)

[Ravi @ravixkr]

Why are so many indicators already surpassing dot com bubble and 2008 crisis but the economy still holds together?

The indicators which broke during the last crisis will hold on in this one - their breaking point wont serve as an alarm (last winters the temp went to -10 C and the village had a cold crisis, hence they prepared and now -10 C is'nt going to cause the same outage)

Even 1929 is something which we have seen before and the economy is prepared. Most of the crisis find their origin in a fast growing technological demand

1929 - industrial revolution crisis (speed up industrialisation)
Dot Com - digital revolution crisis (more computer , less internet) (speed up computerisation)
2008 - we built a lot of houses (speed up rate of house construction)

Pre-crisis we park capital on the tech and post crisis we actually develop the tech

This time its the internet

What is also amusing is that the big ones overlap together with other events (ex: 1929 was during a global war )

We again have a global war, what else do we have

> Virus pandemics (black plague was when cotton fields were the new tech)
> AI growth in productivity
> Blockchain based reduction in middlemen

The society has already parked in its capital in blockchain and AI , there is already a virus pandemic we have seen and a new one which seems to be forming (hope it diffuses into something not relevant)

Post the collapse of AI bubble of parking capital we will see the advancement of human civilisation into a more efficient machine. A more efficient machine might be a lesser weighing one with fewer parts. The remaining parts will not be discarded right away, they can sit in the racks and slowly rust and decay

Some of these parts are

> Bureaucracy
> Traditional Media
> Classroom Education
> Various kinds of middle-men
> Entertainment travel
> Physical store of value

The general trend also follows the footstep of reduction in individual sovereignty. Sovereignty is desirable but costly, without the proper systems (read: public goods) a sovereign individual is bound to perish

The societies which are best at creating public goods (its not a capitalism vs communism debate -- best public goods are found in Switzerland and not in Laos) will be the best at having sovereign individuals and the sovereign individual is best suited to lead. Its one chance where every society gets in a century to shape up its future.

Sovereign individuals need certain important things to exist. Control over their decisions, right to express, a fair fight against their enemies.

Whichever society is best at creating digital democracy wins in the long run and the one creating digital autocracy will win in the short run. I think the short run winner is already decided (read: China), the long run winner is mostly the internet (own your identity, express without censorship, rule based governance)

Long live, much love

[Ravi @ravixkr]

Why are so many indicators already surpassing dot com bubble and 2008 crisis but the economy still holds together?

The indicators which broke during the last crisis will hold on in this one - their breaking point wont serve as an alarm (last winters the temp went to -10 C and the village had a cold crisis, hence they prepared and now -10 C is'nt going to cause the same outage)

Even 1929 is something which we have seen before and the economy is prepared. Most of the crisis find their origin in a fast growing technological demand

1929 - industrial revolution crisis (speed up industrialisation)
Dot Com - digital revolution crisis (more computer , less internet) (speed up computerisation)
2008 - we built a lot of houses (speed up rate of house construction)

Pre-crisis we park capital on the tech and post crisis we actually develop the tech

This time its the internet

What is also amusing is that the big ones overlap together with other events (ex: 1929 was during a global war )

We again have a global war, what else do we have

> Virus pandemics (black plague was when cotton fields were the new tech)
> AI growth in productivity
> Blockchain based reduction in middlemen

The society has already parked in its capital in blockchain and AI , there is already a virus pandemic we have seen and a new one which seems to be forming (hope it diffuses into something not relevant)

Post the collapse of AI bubble of parking capital we will see the advancement of human civilisation into a more efficient machine. A more efficient machine might be a lesser weighing one with fewer parts. The remaining parts will not be discarded right away, they can sit in the racks and slowly rust and decay

Some of these parts are

> Bureaucracy
> Traditional Media
> Classroom Education
> Various kinds of middle-men
> Entertainment travel
> Physical store of value

The general trend also follows the footstep of reduction in individual sovereignty. Sovereignty is desirable but costly, without the proper systems (read: public goods) a sovereign individual is bound to perish

The societies which are best at creating public goods (its not a capitalism vs communism debate -- best public goods are found in Switzerland and not in Laos) will be the best at having sovereign individuals and the sovereign individual is best suited to lead. Its one chance where every society gets in a century to shape up its future.

Sovereign individuals need certain important things to exist. Control over their decisions, right to express, a fair fight against their enemies.

Whichever society is best at creating digital democracy wins in the long run and the one creating digital autocracy will win in the short run. I think the short run winner is already decided (read: China), the long run winner is mostly the internet (own your identity, express without censorship, rule based governance)

Long live, much love

[Ravi @ravixkr]

@AbhiMan1601

[Ravi @ravixkr]

only poker and chess for now

[Ravi @ravixkr]

@sid_onchain looking good sir

[Marc Zeller @Marczeller]

Every cell of my being is meant to be against what Arbitrum just did.

Yet I understand their decision,

People getting their money back matters more than convictions that would allow unc Kim to walk away with a payday.

[Lefteris Karapetsas @LefterisJP]

I want boring and safe DeFi.

Can we build a DeFi where you can park ETH in a protocol for 1.7% APR (considerably less than US treasuries yield) and go on vacation?

Go somewhere without having to carry a laptop or a hardware wallet and check X to see if you need to take action.

[Ravi @ravixkr]

@reddy2go @thilak_ch @roerohan @mehulved how does equilibrium indiranagar sounds? lovely place, beautiful walls

[Ravi @ravixkr]

@jack_gk or the peer network who supports each other? i.e. learner(s)

[Ravi @ravixkr]

@hellonehha this is unasked information for me

[Ravi @ravixkr]

This is adoption, all assets deserve a 24x7 permissionless markets

Arbitragers deserve no sleep

[Tokens on Solana @tokens]

JUST IN: Hyperliquid now trades more oil, gold, and silver than crypto.