1/ Last week: Mexican President @lopezobrador_ threatens to cancel his participation in the Summit of the Americas in June, as have done several other Latin-American leaders.
The multipolar world is appearing right in front of our eyes as developing nations flip off the US and head for the only lifeboat.
6/ This shouldn't be surprising, considering that the US has weaponized the SWIFT system by cutting off countries who oppose the Petrodollar system and canceling the $USD reserves of the largest country in the world.
7/ Bitcoiners have jokingly been saying the US dollar is the largest shitcoin of them all, but 6 months ago, no one could have foreseen the US would actually rug pull Russia.
8/ Just like last week's #Luna crash has opened the eyes of many to what sets #bitcoin apart from #CrYpTo, recent geopolitical events are opening the eyes of nations that have been the victims of dollar hegemony, to how they can use bitcoin to become truly sovereign.
9/ I've always said that the tipping point of #bitcoin adoption will be when there are more nation states adopting it, than the US has aircraft carriers. If half of the countries discussing this very topic in El Salvador right now pull the trigger, we'll already be at that point.
10/ If you look at these fundamentals instead of short term price volatility, I honestly don't see how you can be anything but extremely bullish and see current price levels as a huge opportunity to stack more sats before nation states start doing the same.
1\ #Ethereum and most other #altcoin network infrastructure runs predominantly on Amazon servers because their additional "functionality" requires a lot more computing power.
Why is that a huge risk in today's reality?
A thread 🧵⬇️
2\ Marketing of most #cryptocurrencies relies strongly on emphasizing how their #blockhain is better, faster and more versatile than #Bitcoin.
99% of these projects' newbie target audience don't understand that bitcoin's seemingly limited utility is a feature and not a bug.
3\ That's because their huge VC backed marketing teams carefully avoid pointing out that the advanced features they are promoting and the way these projects are funded and created imply strong centralization of both infrastructure and governance.