Thread by @redphonecrypto

🤡 thoughts on Visa + $Ethereum

1) The ground trembleth under mine feet

How much bigger of a news event can we possibly get? This is the beginning of blockchains becoming the de facto settlement layer for EVERY transaction of any value whatsoever moving forward

More 🙃

2) Crypto is finally breaking up the logjam of middlemen that make the current financial system so f'ing inefficient

There will be blood

3) We're in a race between regulators (I need a code word for them... maybe "gators") trying to shut down crypto and crypto integrating itself so deeply into the financial system that it can never be "disintegrated"

4) Once Visa, Mastercard, Bank of NY Mellon & others are all using crypto, it becomes hard to say it's for "scammers" and "terrorists" and "money launderers," which is what regulators love to claim (never mind the fact that the vast majority of illicit transactions are done in $)

5) This is still the beginning of the beginning

rn we're rebuilding international payments, forex and digital art

tomorrow we will take down stock markets, real estate transactions, lending, accounting departments, predictions markets, payroll, bonds, etc

6) There will be booms and busts in the price of crypto assets, but the macrotrend is clear: crypto and blockchains are completely rearchitecting the financial system

& most toolbags still think it's a "speculative asset"

7) Ethereum is up 1,200% over the past year, but I think it could go much higher... especially after EIP-1559 turns it into a potentially deflationary asset

8) Crypto's first 12 years of existence was mostly speculation

Now we seeth true adoption

I expect to see some banks, payment processors, escrow services and other rent seekers go bankrupt in the coming years (and potentially in the coming months)

9) The disruption that crypto will bring used to be a promise, wish or fever dream

rn, it's a reality

& every day, we see more evidence of that new reality

tldr: if anyone tells you it's too late to invest in crypto, they're ill-informed, low IQ or employed by the opposition

Visa picked the freest L1 in the world for a reason

resist building walls, my frens

take them the f down