Bitcoin is an exit from the Fed.
DeFi is an exit from Wall Street.
Social media is an exit from mass media.
Homeschooling is an exit from industrial education.
Remote work is an exit from9-5
Creator economy is an exit from employment.
Individuals are leaving institutions.
@naval
So Singapore’s ex-richest man (whatever that means) just lost 80% of his wealth - now he’s only worth US$4.7 billion. I empathise.
Excuse me while I cry into my fish soup.
Singapore:
- clamped down on crypto ads
- banned binance .com
- taxing NFTs
- put a top DeFi fund on MAS “Investor Alert List”
Not as crypto-friendly as I thought when I moved here a year ago.