(1/11) Once this food farming craze ends and APYs come down to boomer-tier we're going to enter the next phase of Crypto: The Scaling Wars. The narrative will shift and there will be a heavy attack on @ethereum, the EF, Ethereum 2.0, and @VitalikButerin as being the old guard...
(2/11) This narrative will be led by the challengers: @NEARProtocol@solana and @Polkadot's @gavofyork who likely still wants revenge for @VitalikButerin getting all the credit for #Ethereum. ETH 2.0 will be labeled as vaporware and as still being years away...
(3/11) The challengers will claim that their blockchains are "near instant and free" and that dapps building forks on them like @AaveAave@compoundfinance@MakerDAO and others will help them become the @ethereum killer.
(4/11) The Joker in this scenario is @SBF_Alameda who has his own independent vision to conquer the entire Crypto vertical and could care less about the success of any chain, including his own, as long as "number go up" for @AlamedaResearch and his donations to Effective Autism.
(5/11) What all these challengers are lacking however is what @ameensol points out as "community." #Ethereum has spent the past five years building the most global and robust developer community, and while sometimes misguided, their intentions are in the right place.
(6/11) Challengers will not be able to easily replicate this network effect and to think they can buy their way into community by securing "Anchor Dapps" on their platform is misguided at best.
(7/11) Not everyone is an adversary to Ethereum. Some want to see ETH2 succeed like @xdaichain's Igor @barinov who stopped buying ridiculously priced @CryptoKitties to build a solid bridge to his platform to help Ethereum scale until ETH2 comes out then port xDai over as a shard.
(8/11) Builders like @UniswapProtocol's @haydenzadams, while mildly annoyed with having his homework copied, continue to keep their heads down and deliver great products that innovate and push the industry forward. This is the spirit of @ethereum, which cannot be bought.
(9/11) But throughout all the noise, marketing, and promotion to come, the invisible wizards of @ethereum will continue doing their thing behind the scenes. Teams like @_Supranational, who were working with Linus Torvalds 10 years ago on OpenSSL, continue to drive ETH2 forward.
(10/11) "Superior tech" is not a moat. We saw this with the @SushiSwap drama. And unlike #Degen yield farmers, real users will stick around with the Blockchain and projects they love, not abandon ship for "faster TPS". Ethereans know this and are unphased by this outside noise.
(11/11) And all this being said, in the unlikely scenario a new platform comes out with a superior scaling technology (while remaining decentralized and not DPOS garbage), ETH2 can...just...well...'borrow' it
FYI: Jordan Peterson is going to debate Elon in 30 minutes. We're really hoping it isn't just an hour or two of Jordan nonsensically rambling and randomly bursting into tears then telling Elon he's platforming evil right wing accounts.
Live tweeting the Apple keynote in this thread. Starting off strong. Craig Federighi and the Apple crew are parachuting out of the plane in LGBTQ parachutes. God help us all. 🧵
How do we keep tweeting when we’ve already died of cringe before it even started?
Tim: “I hope you’re as excited about these Apple TV+ originals as I am.”
1/5 RE Crypto hate, everyone needs to understand grift cycles. Every few years a grift comes along and the same group of people, usually the Caribbean cartel, organize a pump of an asset class and begin building narrative. It *was* Crypto, it is *now* AI, and *will be* AR/VR next
The same group of people get rich from the last grift cycle then distribute their wealth via funding to the minions that will build out the next grift. See all the random investments in governance startups, Zuzalu, etc. This is allocating resource to people aligned with the grift
Influencers + the mass population of people parrot these narratives and a bubble is born. The average influencer feeds off of engagement, which feeds off of FOMO. That's why many of the Crypto shillers became AI shillers and will become AR shillers, then longevity shillers, etc.
How is everyone holding up from the last market cycle? Are you managing your newfound health conditions properly? There’s a reason Crypto people invest in longevity. There is a direct correlation between increase in net worth made from Crypto and deterioration of physical health.
If you’re still alive or healthy, don’t worry, the next cycle will take you out.
CORRECTION: Deterioration of physical *and* mental health.