Chris Burniske Profile picture
Sep 28, 2020 8 tweets 2 min read Read on X
Anyone know where the adage...

"Don't talk politics"

...came from?

If politics is how we govern ourselves, "not talking politics" seems like the opposite of what we should be doing.
People will say, "It's not polite to talk politics, it's too controversial!"

If we can't do it gracefully, maybe we need to exercise this mental muscle more?
Maybe being unable to amicably discuss controversial things is one of the reasons society has come to feel so... dysfunctional?

Maybe it's one of the reasons we're not making good long-term decisions, as a group of glorified monkeys on Earth?
Found this relevant: medium.com/swlh/dont-talk…

"In the world where most are told they shouldn’t talk about politics we end up with 'political specialists.'

Elected officials, lobbyists & their occasional challengers become the ones that control what is discussed & important."
"This leads to more and more concentration of power and less and less impact by the individual citizens. It threatens the very routes of our democracy." medium.com/swlh/dont-talk…
If crypto is all about decentralization, then talking about politics (of protocols and nation-states) to decentralize who makes decisions about our values, should be held in the highest regard.
I appreciated @mdudas recent call to action.

And it's hard, because @Twitter can be one of the nastiest conversation venues on the internet, and unless you build a following based off "politics," talking about it tends to lose followers (not in self-interest wrt follower count)
But 2020 is too important to say nothing.

Talk politics. Vote. Govern the #USA.

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More from @cburniske

Nov 16
In the last bear, one of the reasons @placeholdervc focused on @solana was a belief that it would be the normie-chain w/ its speed, low fees & smooth UX. That's playing out with memecoins & more.

But we've been @ethereum supporters since inception, and that hasn't changed... 🧵
This cycle, though @ethereum may lose "normie-share" to @solana (already is), the community should continue leaning into cementing the network @ the center of the Internet Financial System (IFS). The IFS will grow in relevance into the back half of this decade, onboarding even more normies than we currently see.
.@solana & others will come for the IFS too (already are), but @ethereum has a solid foundation as it's over a decade old, with brand awareness 2nd only to #Bitcoin, deep liquidity, and implementations like @base drawing corporate eyes.
Read 8 tweets
Nov 15
If you're worried about this being a "memecoin only" cycle, you probably don't own enough $BTC.

Meanwhile, to those worried about "infrastructure-and-appcoins," everything is a pendulum... 🧵
Memecoins will force "infrastructure-and-appcoins" to show holders & stakers the revenue, aided by a more favorable regulatory environment.

Governance tokens will convert into cash flow tokens.
Memecoins as a forcing function, though wild, is ultimately a good thing for our industry.
Read 7 tweets
Nov 8
People on CT showcase far too "mutually exclusive" an attitude when they approach investing -- perhaps it's a product of how social media rewards sensationalism. First it was either $BTC or $ETH. Now it's either $ETH or $SOL. Next year it will be something different 🧵
Much better imo to build a balanced portfolio where you cut losers when you realize they're losers, but then firmly hold winners and let them compound. Big winners are relatively easy to spot, and best to buy in a bear. Hence why I tell newcomers to start w/ $BTC $ETH & $SOL, and go from there.
Sure, sell some at tops to give yourself cash for bottom-feeding, but don't obsess with perfection, and instead stay generally long the big ecosystems that will keep winning. Ignore short term noise, for which X is notorious -- every ecosystem hits hiccups.
Read 4 tweets
Sep 26
If you've been paying attention, as I know @ZoomerOracle has, you'll notice "shiny new coins" have been shining once again.
Market participants learn a lesson in one market environment, and then try to apply it to all market environments, instead of thinking critically about what works in a bull, versus what works in a bear.
The tragedy in this "momentum learning" is that we go from "bull to bear to bull to bear," and so the lessons of a bull get you rekt in a bear, while the lessons of a bear get you rekt in a bull.

One needs to layer the lessons and think critically.
Read 8 tweets
Sep 19
Bottom trolls in disbelief.

If you were shook, internalize the lesson that bears have the most power near the bottom.

While social momentum & validation will encourage bearishness near the bottom, it pays the least to be bearish there, and pays the most to be bullish.
If you're publicly bullish through a downtrend, traders and reply-guys will come in with smart-ass comments about market timing not being perfect.

But the truth remains, it pays to remain bullish and active through bottoms as a long-term investor.

Use the ridicule as fuel.
When we near tops, all this behavior reverses - social momentum & validation will encourage bullishness, when it pays the least to be bullish.

Being publicly bearish when everyone is drunk off profits is a unique kind of torture -- not sure I feel like doing that again, so...
Read 4 tweets
Sep 15
1/ Still longing $TIA while haters spinelessly pile onto the downside momentum. When @CelestiaOrg recovers, it's not me that will be haunted by the thought, "Instead of jeering, I could have been buying $TIA < $5."
2/ $TIA shorts paying up to 380% annualized to be short after an 80%+ drawdown - you can't make this stuff up 😂 coinglass.com/currencies/TIA
Image
3/ Everyone and their mother is fixated on the "big $TIA unlock" in October. Paid groups and momentum bottom trolls are drooling with delight, claiming $TIA will get crushed when the "evil VCs" are given liquidity, hence piling onto these expensive shorts token.unlocks.app/celestia
Read 11 tweets

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