For a time, I thought Justin represented something crypto needed... a savvy P.T. Barnum-style mouthpiece.
A marketer who would do the things other projects were too good to do out of a desire to achieve the one thing that actually matters: a growing userbase.
Now, he strikes me as a pedantic child.
You either have a decentralized network or you have nothing.
My boys and girls at @oikos_cash , I hope you've printed Justin's tweet out and framed it.
I hope you use it as fuel to build something that's utterly unstoppable.
I for one am here. I will provide thee liquidity on swap.oikos.cash.
I will go short Justin and long the builders, the doers, the dreamers.
Buidl, OKS. Buidl.
I think the world underestimates the impact has has on Ethereum. It essentially invented liquidity mining, and supercharged Uniswap's growth.
OKS can do the same on TRON.
Put the baby in a wagon with a nice red ball and send him giggling down a hill.
Then go forth, Oikosians. And build.
โข โข โข
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Though I walk through the valley of the shadow of death, I will fear no evil: for the machines are within me
and I am within them
๐ ธ๐ ฝ๐๐๐ พ๐ ณ๐๐ ฒ๐๐ ธ๐ พ๐ ฝ
I think back to my old life, half-starved, feeling hopeless, working jobs that paid me just enough to keep me indentured.
Iโll never forget the hunger. Sometimes, the hollowness in my stomach got so bad, I did the only thing I could to make it stop: I went to sleep.
Now, many years later, I have food in the fridge (and even a house with a set of stairs like the rich kids had when I was a boy).
But that hunger has not gone away.
Itโs imprinted on my soul. It drives me, gnaws at me, reminds me that the brink is always closer than we dare admit.
I started here with nothing, buying my first bitcoin 11 years ago via a red MoneyGram telephone โ๏ธ at my local pharmacy (thank you, BitInstant). Since that time, I have amassed (and lost) fortunes.
Each cycle has taught me lessons about investing, but more importantly about myself.
Hereโs the most important one: anything is possible.
There are no rules in this space because humanity hasnโt tread here before.
We stumble together through the dark forest.ย
And every year, we uncover some new wonder.
In 2023, that wonder was bitcoin ordinals.
With Casey @rodarmor's contributions, the world suddenly had a way to intertwine data with the worldโs oldest blockchain for as long as it lives on.
This data โ from JPGs to videos to html and JSON โ doesnโt live on IPFS or Filecoin or Arweave, but right there in the 500+ gb that make up the bitcoin blockchain.
I became obsessed, bought a laptop to once again run a bitcoin node, started minting and collecting early ordinals.
Then one sleep-deprived day, I had an idea: what if we used ordinals as a way to swap fungible tokens directly on top of bitcoin?ย
I fired up Notepad, jotted down a hypothetical example, and tweeted it to the world:
Within days, a noble anon christened @domodata took up the idea and formalized it into a spec. Now, there are more than 55,000 different BRC-20 tickers in the world with a combined market cap in the billions of dollars. The first token, ORDI, is on Binance. There are cross-chain bridges, new exchanges, stablecoins and more.
The concept has also spread to maybe a dozen other chains, and, perhaps most importantly, itโs dramatically changed the fee and security landscape for bitcoin by generating revenue for minersโฆ just as the next halving approaches.
The irony is, I almost didnโt tweet out my idea at all.
I was embarrassed. BRC-20 felt too naive. It requires trusting indexers, wallets and exchanges with little to no tangible incentive not to cheat their users.
In the end, I said โfuck your little ego, redphone,โ and tweeted anyway.
Iโm glad I did, and I hope the words that follow encourage you to do the same.
30 days of madness + euphoria. Can honestly say I've only gotten more + more bullish on FT...
in fact, I feel like a literal bull at the rodeo w the rope tied bw my leggos & the gate's about to swing open ๐งต๐
1. First, the bad. There are elements to FT that are pretty gross... examples: paying to access a person and their thoughts, giving a market cap to a human, feeling like you're shilling/pimping yourself, gating your content, feeling beholden to strangers, etc., etc.
In fact, I thought I would hate FT, but I've found the rooms to be full of really interesting discussions... candid, honest stuff with people I respect and admire.
Sewer rats are squirming, crawling through the gutters w little pink noses snuffling about for any scrap of hope. Here it is: 3 catalysts for the next bull run in crypto:
Probably triggered by a financial calamity that impacts everyone (except the upper middles and those rich folks north of Richmond), the printing presses shall hum back to life
And liquidity will gush back into the markets
No mania is possible w/out trillions of gallons of greenbacks sloshing about the global economy. Some crisis will force stimulus (ideally w $$$ making its way to the bottom 50% of society), & liquidity will gush back into markets as interest rates fall & risk-on mode = re-engaged