// 10 Reasons I’m bullish on BTC, ETH, and SOL //
As many of you know I am in real estate and always will be. Have studied macro & currencies for many years, and settled 3 years ago on RE as my primary allocation.
I’m spreading 10% of nw into crypto and here is why.
As many of you know I am in real estate and always will be. Have studied macro & currencies for many years, and settled 3 years ago on RE as my primary allocation.
I’m spreading 10% of nw into crypto and here is why.
1/ the value accrual system of the world is wrong
A system where value accrues to the USER will beat a system where the value accrues to the controllers.
-BTC rewards you for doing math & cannot be manipulated to create more for 1 person than all the rest. Similarly -
A system where value accrues to the USER will beat a system where the value accrues to the controllers.
-BTC rewards you for doing math & cannot be manipulated to create more for 1 person than all the rest. Similarly -
-ETH 2 rewards the holders (proof of stake) and the more you own the more you will accrue.
Will talk about incentives later…
Next
Will talk about incentives later…
Next
2/ fiat cannot keep going
It’s inflationary… besides fiat has literally never worked.
You can’t get something that is EASY to “create,” to hold its salability long term. Humans keep trying this, it keeps failing.
Scarcity drives or at very least maintains price.
It’s inflationary… besides fiat has literally never worked.
You can’t get something that is EASY to “create,” to hold its salability long term. Humans keep trying this, it keeps failing.
Scarcity drives or at very least maintains price.
Here is a thread that drives this home…
A case could be made that the wealth gap is largely DUE to inflation, not capitalism:
A case could be made that the wealth gap is largely DUE to inflation, not capitalism:
https://twitter.com/taylorawelch/status/1421860525797949444?s=21
3/ all other ‘security’ is fake
FDIC insurance is a joke… pseudo coverage. If the system gets volatile enough, FDIC won’t do anything (as demonstrated by other countries even recently).
Here’s the thing: I have as much insurance as you can possibly get.. BUT
FDIC insurance is a joke… pseudo coverage. If the system gets volatile enough, FDIC won’t do anything (as demonstrated by other countries even recently).
Here’s the thing: I have as much insurance as you can possibly get.. BUT
Is there a possible reality where insurance is no longer necessary?
Copyright insurance. Title insurance. Etc etc — what happens when these things are not CAPABLE of fraud?
These systems are coming online and they’re coming with literal IMMUNE SYSTEMS.
Absolute security…
Copyright insurance. Title insurance. Etc etc — what happens when these things are not CAPABLE of fraud?
These systems are coming online and they’re coming with literal IMMUNE SYSTEMS.
Absolute security…
4/ perfectly aligned incentives
Web 2.0 brought us big data…
Facebook.. AWS, Amazon etc.
You pay $$ for a service.
It’s transactional and single dimensional (capital goes one way, utility goes the other way).
The future won’t be built this way.
Web 2.0 brought us big data…
Facebook.. AWS, Amazon etc.
You pay $$ for a service.
It’s transactional and single dimensional (capital goes one way, utility goes the other way).
The future won’t be built this way.
The utility will be 2 ways. Capital will flow via value accrual.
For instance: instead of paying hosting you just buy part of the underlying on its blockchain. You own a piece of whatever the level 1 is and the service is free — but you’re incentivized for value bumps.
For instance: instead of paying hosting you just buy part of the underlying on its blockchain. You own a piece of whatever the level 1 is and the service is free — but you’re incentivized for value bumps.
5/ fractionalized ownership of everything
Imagine subscribing to NY Times, but you don’t pay them a fee. You pay or a piece of the company that entitles you to ownership.
The company gets more valuable? You own the increase.
You will be paid to be a customer..
Imagine subscribing to NY Times, but you don’t pay them a fee. You pay or a piece of the company that entitles you to ownership.
The company gets more valuable? You own the increase.
You will be paid to be a customer..
We’re going to see “utility” (use) and “ownership” merged together…
You subscribe to my service? You also own… utility flows up, ownership down.
This has not been possible before because Web 2.0 (a) doesn’t make it easy and (b) is designed for centralized value accrual.
You subscribe to my service? You also own… utility flows up, ownership down.
This has not been possible before because Web 2.0 (a) doesn’t make it easy and (b) is designed for centralized value accrual.
More on this later — but this is why something like SOL is so powerful.
You have stock exchanges which centralize power dynamics for company ownership. Then you will have SOL (and even ETH) which decentralizes it and gives investment & ownership power to USERS.
You have stock exchanges which centralize power dynamics for company ownership. Then you will have SOL (and even ETH) which decentralizes it and gives investment & ownership power to USERS.
6/ Why BTC?
Because it does one thing… and it does it really well. It tracks who has coins and facilitates accurate accounting in realtime anytime coins are sent/received.
It will become extremely salable with time as you cannot mess around with supply. It’s fixed.
Because it does one thing… and it does it really well. It tracks who has coins and facilitates accurate accounting in realtime anytime coins are sent/received.
It will become extremely salable with time as you cannot mess around with supply. It’s fixed.
7/ Why BTC pt 2
Over the last 100 years the government has incentivized everyone to spend their wealth. the “time preference” (google it) has REVERSED.
If I give you $1k today - today is the most valuable it will ever be… so you better spend it. This = WEALTH TRANSFER.
Over the last 100 years the government has incentivized everyone to spend their wealth. the “time preference” (google it) has REVERSED.
If I give you $1k today - today is the most valuable it will ever be… so you better spend it. This = WEALTH TRANSFER.
Fiat was designed to aid VELOCITY…
Fiat was designed to aid VELOCITY…
Fiat was designed to aid VELOCITY…
It doesn’t serve the people.
Fiat was designed to aid VELOCITY…
Fiat was designed to aid VELOCITY…
It doesn’t serve the people.
8/ Why ETH
Web 2.0 is going to tip into Web 3.0.
Big data will die forever and the ownership will be sent back down the ladder to the users. ETH is (as far as I know) the most likely infrastructure to build that. Other solutions will ‘integrate’ not replace.
Web 2.0 is going to tip into Web 3.0.
Big data will die forever and the ownership will be sent back down the ladder to the users. ETH is (as far as I know) the most likely infrastructure to build that. Other solutions will ‘integrate’ not replace.
9/ Why ETH pt 2
ETH will become even more deflationary w/ETH 2.0 An infrastructure + network + store of value that is safe AND scalable is bound to go up in value. ALSO - sharding (ETH 2) should increase speed to 2k transactions per second. Avg transaction = 20 seconds.
ETH will become even more deflationary w/ETH 2.0 An infrastructure + network + store of value that is safe AND scalable is bound to go up in value. ALSO - sharding (ETH 2) should increase speed to 2k transactions per second. Avg transaction = 20 seconds.
10/ Why SOL
A friend with 8-figures in crypto told me I had to check it out. I just learned about it like 8 days ago…
Here’s a lengthy thread by @adamscochran
A friend with 8-figures in crypto told me I had to check it out. I just learned about it like 8 days ago…
Here’s a lengthy thread by @adamscochran
https://twitter.com/adamscochran/status/1385291204938674189?s=21
SOL is faster than all the rest at 50k transactions per second (VISA is ~2k per second).
It’s fast. And it’s also cheap.
The founder is a genius.
All around looks like a winner… and it will integrate with ETH and ETH 2.
It’s fast. And it’s also cheap.
The founder is a genius.
All around looks like a winner… and it will integrate with ETH and ETH 2.
11/ Why SOL pt 2
SOL smart contracts are apparently better… written in RUST which is a legend in developing languages. They are also going deep on partnerships which will replicate the ‘usability’ of ETH due to integrations.
SOL smart contracts are apparently better… written in RUST which is a legend in developing languages. They are also going deep on partnerships which will replicate the ‘usability’ of ETH due to integrations.
Great thread by @SinoGlobalCap here about SOL
https://twitter.com/sinoglobalcap/status/1373662671057383424?s=21
12/ WRAP UP
I love real estate. I love tangible assets.
But no matter how you slice it — you must start learning about digital assets - up until now there’s been really ‘no such thing.’
There are analysts & accredited folks talking about how “BTC has no backing.”
I love real estate. I love tangible assets.
But no matter how you slice it — you must start learning about digital assets - up until now there’s been really ‘no such thing.’
There are analysts & accredited folks talking about how “BTC has no backing.”
A bunch of idiots.
There’s no backing to anything fiat either. I am NEW into this world… 40 hrs of reading and a couple of weeks and here is what I’ve settled on. You do you.
Another useful post to bookmark and revisit is @jackbutcher thread w/curated resources here:
There’s no backing to anything fiat either. I am NEW into this world… 40 hrs of reading and a couple of weeks and here is what I’ve settled on. You do you.
Another useful post to bookmark and revisit is @jackbutcher thread w/curated resources here:
Another useful post to bookmark and revisit is @jackbutcher thread here w/curated resources. I read them all — all are good…
And I’m sure more to come later.
And I’m sure more to come later.
https://twitter.com/jackbutcher/status/1435299942235615236?s=21
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