Thread by @davidzmorris

Now at #consensus2023: M. Casey with Kaitlin Long, Erik Voorhees, and Neha Narula dito discuss: Crypto's True Purpose

@ErikVoorhees says he "fired himself" as CEO of ShapeShift last year, and at the risk of over-editorializing, my man is looking great. Moisturized, t-shirted, unshaven, thriving

"In a market capitalist system, you should have a money that is of the market, not of the government." - Voorhees

"Cash is such an inspiration for the roots of cryptocurrency. A $20 bill, you don't have to sign up for an account." - Neha Naralu

"If we have an honest ledger, the fruits of our labor can be our own, without anyone stealing it." - Caitlin Long

"In each of these bull markets, we've seen scammers. And they tend to be short-term people who just appear, built something really fast ... and they flame out." - Caitlin Long #Consensus2023

"Don't trust anyone, trust the math .. and those of us who live by that principle, wind up whistling past the graveyard of these [blowups]" - @CaitlinLong_ #Consensus2023

In this banking collapse, bailouts imply huge subsidies that distort markets.

"You create this brittle system that is the exact opposite of what capitalism is supposed to bring. When you see failure in crypto, it's a sign of an actual market." - @ErikVoorhees #Consensus2023

"I think speculative bubbles are really good. They tend to occur when there's ... new speculative technology ... this is a pattern that has been repeated throughout history. It's the process that creates huge wins ... I think the 2018 ICO bubble are good." - @ErikVoorhees

"We should be encouraging people to use better judgment in their investments, not trying to protect them from bubbles." - @ErikVoorhees

"You're not going to change human nature ... AI is the next bubble, that's taking a little pressure off of us. And telling what's real on the internet takes us back to @adam3us concept of Hashcash." @CaitlinLong_