After calling bullsh*t on Luna, Celsius, and FTX well before any of them collapsed, I have a bit of credibility with the mainstream media. I want to use that credibility to call attention to the worst and largest of all the scam perpetrators in the "crypto" space, @a16z 🧵👇
Unfortunately, the formerly venerated firm sold its soul for quick profits and massive management fees. In this thread I'll compile some of the many, many tweets in which I've called out @a16z and their loudest partner pushing their fraudulent "crypto" efforts, @cdixon.
Here's the one where @a16z shilled Braintrust, a fake-decentralized staffing agency:
The ONLY way @a16z@coinbase@VitalikButerin and other "crypto" scammers can keep their grift going is to dangle millions in funding in front of the CFTC so they'll wrest oversight of "crypto" from the SEC.
The SEC is finally paying attention, reportedly planning to force @a16z to disclose private comms related to their "crypto" "investing", according to @theinformation:
While you’re here, don’t think we Bitcoiners only have arrows for full-on crypto scammers.
We also don’t put up with orange-washing fake Bitcoiners here to line their pockets with ill-gotten crypto gainz, like @APompliano, shill of #FTX & #CryptoCom.
The FLYWHEEL SCHEME has been the dominant business model in “crypto” “cefi” from the past three years. It was as dirty as ICOs, maybe worse in wealth destruction and delay of Bitcoin adoption.
Major perpetrators:
FTX/Alameda
Celsius
Crypto dotcom
Nexo
Babel
Voyager
and more
“Create a token: Tokens are literally just bits of code on a blockchain. Program that sucker up and get rolling. Make sure you retain the majority of those tokens on your balance sheet for maximum flywheeling.”
Do NOT expect a technology adoption curve, like for iPads.
A technological revolution like #Bitcoin disrupts ALL industries, not just one or a few. These cycles take 50-60 years historically, not just one or two decades.
Applying Carlota Perez's framework to Bitcoin, I think we're still in Irruption, and we haven't seen Frenzy yet.
1/ TD₿: Stop Drinking the Elite's Kool-Aid by @nayibbukele
TL;DR - If El Salvador succeeds with Bitcoin, many countries will follow, which is why institutions are fighting them so hard.
2/ El Salvador making Bitcoin legal tender in September 2021 was without a doubt one of the biggest stories in Bitcoin over the last 5 years. It solidified a place in history for this small Latin American country as the first sovereign nation to officially adopt Bitcoin as money.
3/ Since then, it has been extraordinary to watch the pushback ES has received from the mainstream media and international financial institutions around its Bitcoin policy.
The IMF called on ES to "narrow the scope of the Bitcoin law by removing Bitcoin's legal tender status.”