Do you want to know the absolute worst people in the world to talk #Bitcoin with?
Bank tellers are pretty bad. They're so beat down by compliance and rules and regs that they think EVERYTHING that doesn't involve reams of paperwork and identification documents is a scam.
1/x
But no. I get where they're coming from. Their experiences are valid
Maybe you're thinking it's the friendly investment advisor at Edward Jones
tbh they seem to be warming up to crypto (I think we can thank the millennials for shoving it like hot dogs down their throats)
2/x
No, the worst people I've ever tried to talk crypto with are econ professors
They get this smug fucking look on their faces like I'm fucking peon with no "credentials" who would deign to talk them about something they've pigeonholed as a ponzi
3/x
Now, normally, I could give two shits about someone thinking I'm an idiot for buying crypto... but I've always had this liberal arts-fueled belief that economists and profs should be intellectually curious
Maybe they'd want to ask me a question about crypto?
4/x
Maybe they'd want to read the bitcoin whitepaper?
Maybe they'd be curious why the amount of $$ locked in decentralized finance is doubling every 90 fucking days?
5/x
If you're in the field of economics + you haven't taken a deep dive into crypto, you may as well have yourself photocopied and turned into a cardboard cutout. Get a tape recorder mounted in your back. Then, press play when you're forced to talk to us idiots about finance
🤡 out
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Why ser are you so enamored with crypto derivatives? Is it just KYC, you dirty degen?
KYC (and the fact that crypto derivatives can't be shut down) is a huge ideological reason for me. But there are other benefits, too
👇
2/
- On-chain verifications, so you're not depending on a broker
- 24/7/365 markets
- Powered by smart contracts so with a hardened system there shouldn't be outages (we're some time away from that perhaps but it will come)
3/
- Product selection: if you can dream you can build it in DeFi and your audience will be global... no more walled-off, segregated islands of liquidity
- Composability might be the biggest reason, though: imagine posting a synth as collateral for a loan, for example...
The vast majority of people think they can beat the crypto markets even though they're something like a full-time dentist and they play squash twice a week and they have two kids and a wife and they get about 30 minutes a day to study crypto
More 👇
2/
But sure, they've read @benmezrich's Bitcoin Billionaries. They listen to @APompliano's podcast. They understand blockchain
That means they can compete with the OG 🐳s who've owned $BTC since Gox died + still spend 12 hrs a day reading, learning + experimenting in crypto
3/
It's especially laughable when that sort of person thinks they can short-term trade. Like the right entry and exit points are always between 9 p.m. and 10 p.m. on Thursdays when they actually have a minute to look at the markets lol
But if it has, let me tell you this: what's about to happen just might defy belief
Bull markets are full-body experiences....
More 👇
During the last crazy run-ups (2013 + 2017), I checked my phone like a gd slave. In December 2017, it was weeks of my positions going up double-digits every 24 hours. I'd check my phone before I walked into the store to buy some bologna....
2/x
By the time I walked out I'd have some good ass bolgna + be $10k richer. I'd watch an episode of Silicon Valley... check my phone... $10k richer
I'd log into Binance like a kid running around at the arcade with a bucket full of quarters. Just throwing money at stupid shit
3/x