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4 Dec, 5 tweets, 2 min read
Rando 🤡 predictions for 2021:

1 - Humans get released from these miserable prison-like Covid existences and f'ing mad bacchanal ensues

Bros get jobs, have money, take on credit, money velocity goes 👆, inflation appears

Bitcoin goes on junkyard dog tear w wick to $100k+
2 - Later in the year, the "DeFi" narrative becomes as well-known as the "Bitcoin Store of Value" narrative

3 - $ETH to new ATHs

4 - Facebook launches Diem and 1 billion+ people suddenly have access to crypto (maybe closer to 3 billion by the end of the year)
5 - Paypal's flips on withdraws & crypto business payments for 300 million+ users and nearly 30 million merchants

6 - First crypto ETF approved in US

7 - Leveraged stocks and crypto crypto derivatives push up $UNI and $SUSHI vols by 5x

8 - $YFI send it to $133k+
9 - Thorchain experiences Uniswap-like growth

10 - Bakkt launches crypto payments at major retailers including Starbucks + they launch a DEX for rewards points (i.e. swap Kohl's cash to king $BTC)

11 - Debit cards that pay out crypto rewards become commonplace
12 - Digital yuan vols become legit

13 - V-shaped selloffs. Mad FUD. New regulations. But the trend is clear: crypto is growing

The only thing that may grow faster in 2021 will be Zoomer STD rates

Be safe out there

🤡 out

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More from @redphonecrypto

redphonecrypto Profile picture
3 Dec
There's a scene in Good Will Hunting where Chuckie lays some truth on Will:

"Let me tell you what I do know. Every day I come by to pick you up. And we go out we have a few drinks, and a few laughs and it's great. But you know what the best part of my day is?...
... It's for about ten seconds from when I pull up to the curb to when I get to your door. Because I think maybe I'll get up there and I'll knock on the door and you won't be there. No goodbye, no see you later, no nothin'. Just left. I don't know much, but I know that."
I don't know wtf it says about me, but I can hardly read that without getting emotional

It's one of the greatest moment in cinema

But I bring it up to say it's us, frens

This might be the time and place and market where it becomes possible for some of us to swoop out of here
Read 5 tweets
redphonecrypto Profile picture
3 Dec
Boozy thoughts on $DOT after soul searching

1) $DOT = a "metaprotocol." It spitteth out subprotocols called parachains

Parachains sit on the same level as $ETH + $BTC (see pic)

That leaves $DOT hovering above them like a six-armed god weaving a tapestry of subprotocols
1.5) For now, my mental model of $DOT has shifted from something of an $ETH competitor to a "customizable blockchain in a box" w sharding, inheritable security & interop
2) Devs point to great tooling as a big selling point for $DOT... It's RUST-based, which @daochemist says is great for distributed systems

3) Their documentation is legit AF wiki.polkadot.network/docs/en/learn-…
Read 21 tweets
redphonecrypto Profile picture
2 Dec
I am vexed

cannot find an answer to this riddle:

how tf has $DOT managed to incubate so many projects before parachains are even live?

Do the numerals add up?

polkaproject.com sayeth more than 300 teams are building on $DOT

👀 wtf sers??

More below 👇
Either other L1 smart contract platforms have been pitifully terrible at convincing startups to launch on their platforms...

or $DOT is the single greatest piece of technological innovation since the birth of bitcoin

I close my eyes and rub my pale, swollen temples

2/6
Perhaps it's something else me wonders

Perhaps they're better marketers than all the other "$ETH killers" that have come before?

Perhaps they've spent more on "grants"? (even though it's hard to imagine anyone spending more than Binance has)

3/6
Read 7 tweets
redphonecrypto Profile picture
1 Dec
Potential hockey-stick growth areas in crypto for 2021+

Starting w/ #defi
- Crypto derivatives $SNX $HEGIC $SYN Deriswap ($YFI & $SUSHI)
- Cross-chain native-token swaps $RUNE (maybe $SWTH and something in the $DOT ecosystem)
- Crypto insurance $COVER $wNXM

More below
#defi
- Tokenized debt stablecoins @arcx_money $ARCx, Stablecredit, $RAMP @RampDefi

#strangefi
- Derivatives of strange things @UMAprotocol $UMA $JRT

#tradfi
- Crypto debit cards (@fold_app, @coinbase)
- Crypto banks (@krakenfx, @CaitlinLong_)
- Crypto + rewards point (@Bakkt)
- Integrating defi yields into tradfi (i.e. @AaveAave yields within the @PayPal app)
- Selling trashbag coins like $BCH
- $BTC yields (@BlockFi, @CelsiusNetwork $CEL)
- CBDCs
- More companies joining @sqcrypto and @MicroStrategy by adding $BTC to their treasuries
Read 5 tweets
redphonecrypto Profile picture
1 Dec
I talk about $RUNE like a fanboi a lot

But there's something serious underlying that talk

And that is a question: what if $RUNE renders billions of dollars of R&D funding and complicated cross-chain solutions and pegs unnecessary?

More below
Playing devil's advocate: what if $DOT, $ATOM, $BNB, etc. are all overengineered clunkers?

What if they're woody wagons in a world with Teslas?

Once we can seamlessly move between blockchains with the actual native tokens, why use a purpose-built peg system?
Projects can simply spin up a blockchain and add liquidity to Thorchain then use it like a bridge between their chain and any chain in the world

Thorchain could become THE liquidity platform... the liquidity middleware if you will that's called in like any function
Read 6 tweets
redphonecrypto Profile picture
30 Nov
Sometimes I have moments where I’m just in awe of crypto

I don’t think you’d be here if you didn’t have similar moments

When I think about something like $SNX, I see “efficiency” and “trustlessness” and “KYC-free trading” but on a much more personal level...

1/6
...I can’t believe the power it gives me

Here I am, a little pleb from the burbs who’s literally went to bed early some nights bc I didn’t have enough food

I don’t have an MBA or a series 7 or a banker daddy

2/6
I just got a little thirst for learning and for making sure I never go hungry again

And that’s what’s led me here over the years... and what a fucking place we’re making sers

With $SNX, I can do something that 5 years ago only international banks could do...

3/6
Read 6 tweets

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