Thread by @leashless

Bull and bear markets mean something different at a two trillion dollar market cap.

You've gotta understand we're turning an enormous ship here. A bull/bear event *now shifts the destiny of nations* not just your college/house/retirement fund. It's a dramatic world-shifting tide

What does that mean?

Well, we still don't have fundamentals - it's almost impossible to evaluate what bitcoin *should* be worth. Everybody's evaluating it based on what it will be worth in future.

That paradox is the most dangerous thing in crypto. We *desperately* need utility

I *started* @mattereum to solve the utility problem, by the way: you wanna buy houses, cars, gold, vacations, wine, art, you name it *in a crypto-native way* we do that

Not "turn your BTC into dollars on the fly". I mean we sell physical stuff *as a cryptographic rights bundle*

@mattereum And that paradigm? Buy the NFT of a thing, become legal owner of the thing? Just the start

The insurance contracts which guarantee the stuff is real are moving on chain soon. Then an identity layer

We are going to fix this utility thing and safeguard two $trillion of innovation

Crypto-native interfaces - APIs - to real world commerce are the single most important innovation in the blockchain field, and we are by far the global leaders in this work. We know *exactly* how to glue the physical and the digital together so that courts will accept our process

So when you buy it with @mattereum, it *stays bought*.

There's no doubt about the underlying legal rights, there's no "dude vanished into the night with my crypto and it turns out it wasn't his house to sell me."

None of that. Strength in depth multi-layered legal ownership.