El Salv approved #Bitcoin as legal tender

And thus began the global game of kings

(queen pawn to d4)

The IMF and China are on the defensive

& now another theory comes into play:

"countries that ban crypto will begin to fall behind"
Govts will cling to the way things were...

to the notion that it's their god-given right to abuse and manipulate their currencies
They will issue authoritarian tokens with innocuous-sounding acronyms

And their powers will compound
No longer will govts have to cut with blades

Or imprison behind bars

They'll simply behead their enemies with currency

They'll ice them out of their own economies

(¡¡ transaction rejected !!)
They'll make it impossible to feed or clothe themselves

They'll cut them off from friends and family w just the merest whisper of a threat

("aide this man or woman... and you too will have your wallets frozen")

(¡¡ transaction rejected !!)
CBDCs are not innovation

They are the beginning of financial holocaust
But there is a light

There is a wei
The money of the people appeared when we needed it most

And other countries can use it to fight back

They can embrace technological change

They can open their borders to innovators, dreamers & doers

They can build new ways of governing
They can stop ruling w fear, disincentives and currency manipulation

And start ruling w innovation, incentives and a new sort of money...

one as hard and immutable as anything the world's ever seen

But the theory must prove true:

the nations that embrace crypto can't be *marginally* better than the countries that ban it

they must be so much better that all the world sees the truth
for the way is small

and narrow is the gate
we can never quit

we can never say it's good enough

not until the ink runs dry on the last of the govt printers

& the paper money with its wrinkled heads of state

disappears from wallets

and hangs upon the dim and dusty walls of museums until the days of men are done

• • •

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More from @redphonecrypto

2 Apr
Short story on why I love crypto builders...

A few months ago, I sent a random idea for a crypto tool to @mattaaron at @uniwhalesio...

"I want a way to see new tiny cryptos almost the second they get added to a DEX," I said

More 🙃
I want to see how many holders they have... what the market cap is and where the price is trending

And I want to see this BEFORE the coins end up on major price tracking sites like CG and CMC
Matt said that sounded neat, but didn't indicate he was doing anything w it...

Then, a few weeks later, he casually tells me development has begun
Read 9 tweets
31 Mar
🤡 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"
Read 10 tweets
13 Mar
A rambling dissection of of the $SYN failure

1. I was excited for this project for a lot of reasons... mainly bc I thought they'd incentivize liquidity on Uniswap/sushiswap for 3x tokens. In other words...

(more below)
I envisioned being able to go to Uniswap and buy 3xYFI bull/bear tokens for example. That would have made it the easiest way in the world to get leverage on just about any asset
2. The dev didn't seem to see Uniswap liquidity as desireable or possible on 3x tokens... I call bs since 3x tokens have been succesfully trading on thorchain's bepswap for months. Synlev had an opportunity to be doing the same on Ethereum instead of Binance Chain
Read 18 tweets
25 Feb
@beeple has done it

He's changed the art world forever

I thought we'd see a "major artist" embrace NFTs in 2021

someone whose name alone...

More 👇 Image
...could elevate the genre (in the eyes of the public) from curiosities to what great NFTs actually are:


expressions on the human condition...

profound reminders we're merely blood & guts
I wanted it to be an artist who deeply impacted me in the past... a Banksy or Damien Hirst

but perhaps that was a false desire

perhaps this new domain should belong to new artists -- the ones who... when we cut them bleed 1s and 0s
Read 12 tweets
20 Feb
Are you an $ETH lover who feels disgusted by growth outside of $ETH?

I say you’re focusing on the wrong thing

5 years from now... maybe less... most people won't give AF what chain anything is on

They’ll buy your $ETH on Polkadot

Or maybe even a $BTC sidechain

More 👇
All chains are gloming together like Lisa’s money-saving bar of soap

But there will be a network that transmits the vast majority of the world’s value

And one factor will matter above all others on that network:

It must be decentralized

It must be passably performant, yes

But there's no need for it to process trillions of tx every nanosecond because small or unusual transactions will migrate elsewhere

Another factor: the world's leading value-transfer network must be easy to build on
Read 20 tweets
10 Feb
I feel the deepest pangs for the ones who look at crypto charts, see parabolas & say we're in a bubble

they don't realize they're looking at charts that shouldn't exist


such charts weren't possible before the birth of #bitcoin

such charts display the financial progression of an idea from conception

to implementation

to adoption

sers, such charts cannot resemble the financial charts of the past

looking at such charts is to gaze into a black mirror where you could have bought and sold shares in Uber from the moment Uber was first conceived of as an Uberish idea
Read 6 tweets

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