And lo the young man heard that there were others like him...

poor and weary in a world of disease...

who had scraped together some small piece of their wages

And used it to buy a different sort of money

This was not money of the governments of men

👇
This was money made by ghosts and ghouls, by men and women whose faces no one knew (nor would ever know)

This money was not controlled by elders with bellies that swayed when they laughed and pushed like overfull bladders against the ivory buttons on their shirts
This money was governed by something altogether different...

by a higher order...

by math...

by the inalienable laws in fact of the universe itself...

The young man did not tell a soul what he was doing. But he bought the new money, too
No one around him understood it yet

They would have sneered

They would have called it an act of desperation

But the young man knew full well what it was...

It was not desperation

It was rebellion

It was a reset of the order hammered into shape over centuries
It was a recognition that what was coming could not be stopped... only sped up or slowed down

But one day... before he left this world... the young man knew the old money would slough off like the skin left behind by a snake
And the elders with the bellies and their mounds of money locked away in metal vaults

Would find what once had value was worthless now

And that the money made not by men but by ghosts and ghouls was the only money left to spend

This money was like a piece of time itself
...captured and stored on a scroll that could never be changed or lost or burned

This money changed the rules of every game

It would give back what for too long had been taken from him for far too little

This new money did not pick favorites
It did not disadvantage most while shining fortune on a few

This new money did not respond to the ways and wants of men

It was something that...

for the first time in his life...

he saw was fair
And the young man decided he would have some of this money of the ghouls & ghosts

He would have it no matter the cost

And no one would be able to take it from him again

• • •

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More from @redphonecrypto

26 Nov
Sers, my hat is in hand

I am humble boy from humble home

I spend time looking, watching, learning, learning, learning

all to see where the future will taketh us

And sers, when I see it in mine mind...

I only see $RUNE

More 👇
Sers, I talk to you a lot about friction

I am not meaning THAT sort of friction sers... no no no

Not the sort 13-year-old boys care so deeply about

Forgive

I am meaning the heavy friction of modern finance

2/x
Over centuries it has gotten weighed down, corroded + made slow to change

Its joints can hardly bend

And it can hardly lift its head to see tomorrow

Not to mention two years hence

Sers, the magic of crypto is it erases friction

3/x
Read 28 tweets
24 Nov
NYDIG's Robby Guttman crushed this interview

In it, he broke #Bitcoin converts down into 3 categories

1) Cultural

Those with a personal or family experience w/ collapse of a regime or monetary system

More 👇
2) Timing

Those who remember life before the internet, but were plugged in enough to see how its completely transformed society

3) Tradfi

Those who worked on Wall Street or have studied money enough to know fiat currencies are a shared delusion
If you grew up in a fairly stable country with a fairly stable money supply, you forget the power of Category 1.

"Personally," Robby says, "my grandfather escaped Nazi Germany after hyperinflation destroyed his wealth & fascists murdered his family...."
Read 5 tweets
23 Nov
If this is the beginning of a bull market, it could be the biggest bull market in the history of bull markets

Now, bear w/ me...

I'm not going to pud off and start talking about #bitcoin as "Gold 2.0" or #ethereum as a "world computer"

No, let me tell you a secret...

More 👇
I will tell you a secret about bubbles:

you can usually tie them to the rapid growth of new financial products

Examples:

- Housing bubble, rise of subprime mortgages, mortgage-backed securities and credit default swaps

2/x
- Dotcom bubble, rise of web + online brokerages like etrade that democratized daytrading

- South Sea bubble, rise of share loans that essentially = call options

- Tulip bubble, rise of futures markets

All those bubbles shared this: the elimination of financial friction

3/x
Read 22 tweets
21 Nov
One 🤡's ELI5 on $SYN

Explain it like I'm 5, ser

Wtf is @synlev $SYN and why are you so bullish on it?

Synlev = Uniswap with leverage

More specifically, it's bringing leveraged ETFs or ETNs to crypto

More 👇
Hmmm

Ok

Tongue pressed to the back of my teeth

I am mildly titillated, but I don't know what a leveraged ETF or ETN is because I am not in the top 10% of America that owns 92% of the public stocks

OK

ETF = exchange-traded fund
ETN = exchange-traded note

2/x
Essentially, an ETF or ETN is a tradeable stock

Each share = a market

i.e, there are ETF shares that bet on the price of oil ($GUSH)

or the price of gold mining stocks ($JNUG)

They can get more exotic, too

$UVXY for ex. tracks the volatility of the stock market

3/x
Read 26 tweets
20 Nov
George Soros gifted the world the concept of reflexivity in the stock market. It's 10x more important in crypto.

Here's the basic concept:

Stock price changes reality

What, ser?

Price creates a feedback loop

More 👇
If stock = going up, it brings the company acclaim.

Company gets noticed. Sales increase, profits grow. Stock prices increases.

Rinse. Repeat.

The same happens in reverse.

Price craters. People sneer at mention of company's name. No one uses product anymore.

2/x
Sales decline, profits fall, stock price craters further... further... f me... further.

Reflexivity is even more important in crypto for lots of reasons:

- Price can literally impact the quality of the product (i.e. high $UNI price = more liquidity)

3/x
Read 9 tweets
20 Nov
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
Read 6 tweets

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