Thread by @RaoulGMI

To be fair, my flippant comments about the BTC conference being a bit cringe was a reflection of the media coverage of the more extreme aspects but the truth is the speakers and many of the attendees are some of the smartest, most interesting forward thinkers Ive ever known.

We all have to learn to separate the people from the technology and opportunity. It is not about individuals, but about adoption of a network. Everyone plays their role and each plays different roles.

The negative reaction to some of the more over the top speakers also shows that the space has transitioned from early phase to a more mature adoption phase where individuals create less marginal positive impact and may even have negative impact

The leadership is now on those who drive broader adoption and solutions for investors and users, be it @Square , @CaitlinLong_ , @billbarhydt , @cz_binance @SBF_Alameda , @coinbase, @krakenfx , @DigitalAssets, @novogratz, @HHorsley, @LukkaTech, @BlockFi, @silvergatebank, etc

Or the asset managers and hedge funds in the space from @a16z @paradigm and @PanteraCapital to @arca, @BlockTower or Hyperion Decimus to name but a few.

These firm, amongst many others are the new KEY players. Not me, Max Keiser, Pomp or anyone else.

That includes @elonmusk but his focus on the space, asking the questions and poking at the tribalism is a net positive over the long run, as the space has to adapt if it wants broader adoption. BTC may be pristine but it is only part of the story. We need to keep an open mind.

We also need to answer criticism without offence, trolling, defensiveness and all the other bullshit that comes with insecurity. There is nothing to be insecure about. Same with regulation, CBDC's etc. It is all good. It all helps create value.

That also applies to things we don't perceive as valuable but which may end up valuable. The @lexfridman interview of @VitalikButerin recently showed how open minded the space should be, yet still critical to assess what is real and what is not (whilst still not knowing!)

All the push back on Tether etc is also good, same as ESG. Systems and networks need to get tested by hard questions that annoy many. It is important. It only creates Lindy Effects if dealt with rationally.

In the end, if you want BTC and the digital asset ecosystem to win, you need to be taken seriously, accept criticism and adapt in order to thrive.

These new business champions, less extreme but extremely hard working, will turn this $2trn to a $100trn asset class and beyond.

But my view, for what is is worth (not a lot), is that this up ends not only up ending finance, but most business models too, as value begins to coalesce around community as opposed to corporations and products.

As Hunter S. Thompson said "But the ticket, take the ride".

Enjoy the wild ride.

*urgh "Buy the ticket, take the ride".