The US government is openly trying to kill off the perfectly legal crypto industry because it competes with the fiat scam.
Decentralized money keeps getting marketed by its enemies!
Schrödinger's Bank Run Enjoyoor:
Simultaneously wants banks to collapse because they're a scam, and DOESN'T want them to collapse because people will get hurt.
You're forced to own fake inflatable-on-a-whim money, give 100% control over it to an institution that by definition doesn't hold most of your money, and collapses if too many people try to withdraw.
You need to do this to participate in society. How is this not a scam?!😱
You should be learning how to live on crypto now, not when it's too late. Thankfully, I'm making it easy to learn. Start here👇
You don't have to support full-on secession from the US to believe that the states could negotiate a better deal than the one they currently have.
What about a state turning into a territory, like Puerto Rico? 🇵🇷
Contagion is the logical conclusion of custodianship. We'll see this over and over until people learn.
Sometimes all it takes is a good old fashioned bank run to show everyone I'm not so crazy for having all my assets under my direct control 🙃
Y'all should have left banks behind a while ago
https://twitter.com/TheDesertLynx/status/1634407271705788416
Live in 10 minutes! Paul Puey joins the Digital Cash Rundown to talk the Silvergate and Silicon Valley Bank collapses, and more!
🔥Hot take!🔥
No one who participated in the Free State movement owes it to anyone to present the "other side" of people who hate us.
This is my story. I don't need permission or the good opinions of anyone else. I have a right to be here. The Free State movement's story needs ZERO INPUT from anyone else. No one demands that a documentary on the LGBT community include input from bigots who hate them. No one demands that a unique and diverse community of people can't be documented and celebrated without giving equal time to those who hate their existence.
I'm a Granite Stater. I own property, own a business, vote, testify and participate in the democratic process. I'm friends and neighbors with many. I'm here, and I'm not going anywhere. Deal with it. Live free or die! 😤
Hope you found this useful! If so, please watch my How to Live on Crypto video:
https://www.youtube.com/watch?v=fme5_gEBgDM
Also, if you want any consulting, you know where to find me:
descentr.net/contact
I've been living on crypto since 2015. I know exactly which coins work best as digital cash. But people ask me which ones will work long-term. Quick post on what I call the "adoption churn". Keep reading if you want to know if your favorite coin will make it!
First, there's a bunch of different reasons a crypto will or will not get enough users to make it. Some data chains can only get one killer app and still be okay! I'm talking about money, about currency that's used by the end user to buy stuff.
There's a few different coins that are almost universally accepted by crypto-supporting services. Every so often, these "churn over" and new ones are added, and old ones get kicked out. This has changed many times over the years, and is critical in determining utility. First it was Bitcoin-only. Then Bitcoin + ShapeShift. Then BTC+BCH. Then BTC+BCH+ETH+LTC+Doge (the BitPay standard), and now those plus Dash or Polygon/AVAX sometimes. Now there's some EVM-only ones! This isn't universal, but the concept holds.
Getting "churned out" can be a death sentence to a struggling crypto! You want to hang on in the churn as long as possible until your unique selling proposition can make you win out over competitors. The more major "churns" you're in, the better!
Some major services and companies I call "churn determinants", in that coins they do or don't support tend to churn in our out. BitPay and Coinbase are big ones in the US, other major exchanges too. If you're not on Binance, do you even exist?
It's important to keep an eye out on new churn determinants. I think adoption facilitators like Bitrefill, Ionia, Spritz Finance, Swapin, etc. are very important. Increasingly the DEX world like THORChain, the Maya Protocol, Uniswap, etc. will be do-or-die!
Notice in #4 I mentioned that there's some EVM-only churns. This is fascinating, because for the first time, in some parts of the ecosystem Bitcoin has actually been churned out! This is why smart contract ecosystem support will be CRUCIAL moving forward.
The digital cash adoption playbook, then, is three steps:
1) Identify the major current "churns"
2) Target inclusion into the major "churn determinants" that influence which coins are in there
3) Build on end-user advantages over other churn competitors.
Almost no one in crypto understands how crypto works. And yet they complain normies don't get it!
A single dedicated, hardworking person can significantly influence a movement and the outcome of human history.
And not just a special person. A regular person, if they're motivated enough.
Censorship resistance is a complicated and nuanced concept. Ideally we'd like to see 0% censoring, and I believe protocol-level privacy can help to achieve this. But still, this is a good sign that the Ethereum community has some fight left in it.
Here's where to keep track of this:
Anyone remember the "Ethereum is censoring transactions" drama from a few months ago? Well, now the majority of blocks do NOT enforce OFAC blacklists. Yet no one's talking about this... 🤔
The hardest part about crypto merchant adoption is that the merchant solutions suck.
Ionia makes stuff that doesn't suck, so I'm excited for their merchant software!
It's not inherently political, but its apolitical benefits of financial self-sovereignty directly threaten the interests of many politicians. So it ends up being political.