The problem with shitcoiners like Balaji and Slopp, is they think they got rich because they’re smart.

And because they were smart to go all-in on “crypto” early, their vision of the future must be smart because they were right once before.

That’s not how the world works.

You can be smart, and retarded at the same time. I am. You probably are too. The trick is to know WHEN YOURE BEING RETARDED.

Sam Hyde below is, and he nails what all the privacybros are too retarded to understand stuck sniffing their smart farts in their VC shitcoining circles.

The next 8 years will not be about privacy. Privacy is not a winning idea. It’s not what will see #Bitcoin uproot fiat because it’s not what will grow adoption.

What it is is a complicated concept which well-placed insiders can use to bamboozle retail schmucks and institutional money because they won’t understand the technicalities m, but will be drawn to the narrative in a world of increasing censorship and control.

It’s pure opportunism to further pump their own bags. There’s no real ideological bent towards privacy here, they don’t actually care, they just know they can use it to fleece more suckers as they’ve proved in resurrecting Zcash recently.

They don’t need to do this, they don’t need the money, but they can’t help themselves - it’s who they are.