Thread by @redphonecrypto

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

It makes it possible to transfer value in seconds not days

There is no one in the middle of the transaction sers

It is instant and infallible

This is so much better than the old machine, that soon the old machine may grind to a stop for good

It does not matter though

4/x

The point, sers, is that there is a lesson in the machine

There is a lesson in crypto's innovation

And it is this: the elimination of friction is of paramount importance

I say that you in all earnestness

5/x

Because I believe there are - at this very moment - men & women who do not see the importance of eliminating friction

They think perhaps the world of the future will be one where humans have 12 or 13 browser wallet extensions to house their 20 to 30 most-beloved cryptos

6/x

Or they think that all cryptos will be pegged to $ETH

And that it will never be important to actually hold REAL $BTC or REAL $DOT or REAL $XMR or REAL ANYTHING for that matter

But sers, when I think of a human who must download even 2 crypto wallets...

7/x

I feel the despicable bile riseth in mine throat

See sers if my theory on friction is true

.... that it matters above all else...

why then, we are hurtling toward a future where 1 wallet is all humans will ever want or need

8/x

If you can believe that sers you can believe that having multiple DEXes is bad friction, too

No I cannot believe we will have 13 DEXes serving many dozens of chains

We will not have the "Uniswap of $DOT" + the "Uniswap of $BNB" + the "Uniswap of $ADA" + ad infinitum

9/x

We will have 1 wallet

And we will have 1 DEX

And there, we will be able to trade anything and everything

We will trade across blockchains

We will trade without permission

We will trade whenever the f we please

10/x

And we will do it without surrendering custody of our hard won wages to some 3rd party full of well-meaning but incompetent chubbies in an unknown jurisdiction

This is why I am as they say "bullish" on this crypto $RUNE

It is a DEX that will support ALL assets

$ETH...

11/x

... $BTC, $BNB, $XMR, $DOT and on and on

It will be the ultimate slayer of friction

It will be the destroyer of deformities (otherwise known as "pegged assets")

Of course, I have been worried for a time that even $RUNE would require us to use more than one crypto wallet

12/x

And then, sers, $RUNE suprised me with their recent missive. They are working on a new cross-chain crypto wallet with another team

https://twitter.com/thorchain_org/status/1331532873921220608?s=20

13/x

Oh

they have seen the light

They will smite out friction

The proof as they say is in the poutine, ser

And $RUNE has much proof

much poutine

They just launched a multichain testnet with support for $BTC + $BNB

https://twitter.com/thorchain_org/status/1326492144308166657?s=20

14/x

They have hinted about liquidity for other tokens like $XHV

https://twitter.com/thorchain_org/status/1331601712386248704?s=20

16/x

They are already building a bridge for $RUNE + $ETH (to prepare for that most glorious day when they add $ETH support)

https://twitter.com/thorchain_org/status/1331044813198639106?s=20

17/x

They will make moving between blockchains so simple and so convenient that we will never need to use centralized exchanges again

Now, I know some of you don't believe it

But humor your humble chubbie and

let me tell you what I envision

18/x

I envision $RUNE absorbing billions of dollars in liquidity

It's already happened on $BNB

See, $RUNE's trading platform Chaosnet is live with just one blockchain today: #Binance Chain

19/x

And already, $RUNE's Chaosnet processes 10x the volume of trades on Binance DEX. In just three short months, its absorbed $5 million in $BNB tokens into its trading pools and another $6 million or so in other BNB tokens

20/x

Combine those two and you're looking at about 0.2% of BNB's total market cap

And remember, there is a formula for $RUNE's market cap (this formula sets the floor for RUNE prices):

Multiply every $1 of non-RUNE that's pooled on $RUNE's trading platform x 3

21/x

So for every $1 of BNB, $1 of $RUNE must be pooled and $2 of $RUNE must be bonded

I know... it is much to take in

And we are only at the beginning

If $RUNE captures just 0.1% of $BTC in its pools over the next year, it will have captured another $351 million in value

22/x

Now let us remember our formula

That means $RUNE's market cap must be $351 million x 3

Sers, I am not exemplary at numbers, but I believe that's $1.053 billion dollars

Sers, today, $RUNE's market is just $200 million dollars

23/x

And we have not talked about other blockchains like $ETH yet. Or $DOT. Or $EOS. Or $ADA. Or $BCH $LTC $XRP $XLM $TRX $XMR $ATOM $NEO $DASH $ZEC...

And on and on and on

And we have not talked about what happens if $RUNE absorbs MORE than 0.1% or 0.2% of some network

24/x

Sers, it makes me chest feel tight to think of wild numbers

of 1%!

of 2%!

of more!

Is such a thing possible?

Why, perhaps, sers, perhaps

Uniswap, for example, had as much as 2.5% of all $ETH locked into its pools just a few weeks ago

2.5%!

25/x

How much more is locked on centralized exchanges by traders who might actually move it onto $RUNE once the bulk of trading goes decentralized?

This sers is the question that keeps me up at night

And if I may be so bold...

Sometimes I even think wild thoughts like this

26/x

I think, what if the crypto markets grow to perhaps $3 trillion like your humble servant believes they might?

What if $RUNE capture 1% of that, sers?

Why $RUNE would be worth 450x more than it's worth today

Sers, it maketh me palpitate

27/x

What would I do if such a thing came to pass?

Why sers, I am a humble man

Perhaps, you would see me in clothes without holes around mine elbows

Perhaps, I would buy a home... something small and reasonably sized

28/x

Perhaps, I would get my mother teeth, sers, white, beautiful teeth

But the truth is, I do not really know

but I know the possibilities

are endless