A THREAD on most insightful ideas on crypto by @cburniske:
1/
Everything #TradFi can do, #DeFi can do better.
And for everything #TradFi can’t do, #DeFi can.
1/
Everything #TradFi can do, #DeFi can do better.
And for everything #TradFi can’t do, #DeFi can.
2/
Crypto is a space that allows everyone to be an early-stage investor, thereby de-emphasizing the importance of VCs (variety of ways to get the startup capital you need).
Crypto is a space that allows everyone to be an early-stage investor, thereby de-emphasizing the importance of VCs (variety of ways to get the startup capital you need).
3/
Major celebrities getting started in crypto is the beginning of the end, and the end of the beginning.
Major celebrities getting started in crypto is the beginning of the end, and the end of the beginning.
4/
Crypto markets move at the speed of the Internet.
Crypto markets move at the speed of the Internet.
5/
$BTC marked the beginning of a new asset class, but not the end.
You can’t be a “new asset class” on your own.
$ETH now also on institutional radar, and once again, it won’t end there.
$BTC marked the beginning of a new asset class, but not the end.
You can’t be a “new asset class” on your own.
$ETH now also on institutional radar, and once again, it won’t end there.
6/
Crypto protects against day-to-day human incompetence by automating the core of digital services.
Crypto protects against day-to-day human incompetence by automating the core of digital services.
7/
Out with the middlemen, in with the middlemachines.
Out with the middlemen, in with the middlemachines.
8/
Decentralization is meant to protect humans from themselves.
Decentralization is meant to protect humans from themselves.
9/
The more vested interest in existing systems a person has, the more likely they are to be "skeptical of #crypto."
Keep this in mind as you read "expert opinions."
The more vested interest in existing systems a person has, the more likely they are to be "skeptical of #crypto."
Keep this in mind as you read "expert opinions."
10/
Protocols are the regulators.
Protocols are the regulators.
11/
Not every protocol is important enough to have a community.
If importance is there, then the flavor of the community reveals its values.
Not every protocol is important enough to have a community.
If importance is there, then the flavor of the community reveals its values.
12/
The lack of online civility needs to be culturally amended if we want to build holistically healthy DAOs.
The lack of online civility needs to be culturally amended if we want to build holistically healthy DAOs.
13/
No entity can put crypto back in the bottle.
Nor can any entity crush crypto into an existing box for long, because #crypto is of the people, by the people, a bottom-up emergent movement that flows like water...
No entity can put crypto back in the bottle.
Nor can any entity crush crypto into an existing box for long, because #crypto is of the people, by the people, a bottom-up emergent movement that flows like water...
...Crypto creates the next realm of "boxes," digitally native & with a home-field advantage over existing box-makers.
14/
In future digital metaverses, if there’s not on-chain proof it didn’t happen.
In future digital metaverses, if there’s not on-chain proof it didn’t happen.
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