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1. Do you really think "money" in crypto isn't made out of thin air just as well? Daniele Sesta's MIM is more than just a tongue in cheek. And does Tether even need to be mentioned, which literally fuels most of BTC's pumps. 2. What about BTC maxis lobbying IRS for favorable tax treatment...

If you do not get into IDO/Whitelist, do not even bother. The OHM fork game is played out, there are not enough suckers left anymore. Tomb forks (really Basis Cash forks) were the latest flavor of the month and those are pretty much done now. OHM has more tricks left up its sleeve, plus there...

What I've really learned, and mostly over the last couple of months, is to understand the narratives but not to buy into them. While there is a small minority of people & devs in the crypto space that are truly in it for the tech, the driving force is "Number Go Up". That's the main value...

That's because, at the core, "Number Go UP" is the only narrative that survived and mattered. At least with ETH, and now competing L1s, there is a bunch of stuff to do with various network activity. Although that has now changed, thanks to obvious ETH problems that Vitalyk and greedy miners...

No, I mean actual retail that enters the crypto market & is active with it, via the 3 different routes: 1)Defi, 2)NFTs 3)Memecoins. I gather anecdotal evidence on this daily. None of them have any interest in BTC. The numbers show the same. BTC wallet growth is stagnant. In fact, ETH...

Joe Retail is only semi-interested in ETH, and has little to no interest in BTC. Lowest common denominator Joe Retail is being onboarded by DOGE & SHIB. The smarter early adopter Joe Retail is being onboarded by DeFi L1s, and not even by ETH anymore. The creative class is being onboarded by...

It's hard money for YOU and YOUR Tribe. Not for the new retail adopters. ETH is already proving to be the superior reserve asset, if your goal is to actually make gains. Which is what adopts users to the space, be it individuals or institutions. "Number Go Up" in USD is all that truly matters...

Kind of a strawman there. USD rules both fiat & crypto. And even BTC itself. BTC pumps when USDT is minted. Dont get it twisted. Regardless, maybe the institutions are swallowing the narrative, but imo, they are just looking to toss it around among each other to post returns. That's assuming...

Greater Fool Theory. Welcome to modern day finance & economics.

You aren't saying anything I have not heard before. It is dominated by whales, Tether/Bitfinex & two to three Mining Pools. It is extremely centralized in those aspects. There are projects out there that are more decentralized, some specifically design the protocol around that. Does not...

I doubt the world could even survive internet being down for 3 months.

You are RIGHT. They are WRONG and complete idiots. Does not change reality. Nor has this same thought process by various experts changed the fact that the same exact scenarios are being played out in Real Estate, Modern Art, Equities & Corporate Bond markets.

Well, you can always just stick with trad finance and its over-regulation

No, it would be caught real quick, cause BTC maxis watch the chain like a hawk, they would stop, patch and roll back the chain. Whoever would exploit it would need to use a mixer and be superfast. The liquidity is not even there to cash out anything major. Point is that the whole fixed supply...

You could have made 40-50% with stablecoin yield strategies. Let alone much more with ETH. ETH maxi is a thing also, they don't care about BTC. Crypto bear market is the time to accumulate wealth. I'll be looking for projects with actual business utility. Already have some targets in mind.

It's a competition for economic capital, there is a constant flux & rotation of money flow. There is major maximalism & cultism within all these ecosystems. All sold as "community" and altruistic beliefs. I wonder where this came from, hmmm. There is growing flow of capital from trad finance...

So if BTC gets stuck at $50k-$60k range, while ETH goes on to appreciate, and the core light blues go on to appreciate even more, for the intermediate future, do you honestly not care? Hypothetical situation of course.

It has had two inflation bugs, the first one they had to roll back the chain, the 2nd a benevolent dev caught it and instead of exploiting it, brought to the BTC foundation. The code has never passed a security audit, the community just does not care to fund the endeavor, for whatever reason...

As I said before, real wealth is goods & services. Not numbers on a screen, which applies to fiat first and foremost. Digital age and all that. Fiat is the gateway, so in simple terms, it's a race for fiat gains to get those goods and services. Crypto is obviously the super asset plane for...

BTW, the "Wen Lambo" went over your head. It was not directed at you. I made an assumption you're deep enough into crypto madness to get the reference.