Share this page!

Enter URL or ID to Unroll

You can paste full URL like: https://x.com/threadreaderapp/status/1644127596119195649
or just the ID like: 1644127596119195649

How to get URL link on X (Twitter) App

  1. On the Twitter thread, click on or icon on the bottom
  2. Click again on or Share Via icon
  3. Click on Copy Link to Tweet
  4. Paste it above and click "Unroll Thread"!
  5. More info at Twitter Help
Justin Label Profile picture
Justin Label
@justinlabel
Seed-stage investor, primarily in the Washington, D.C region. Official fund tweets over at @innerloopcap and @innerloopnews.
Feb 21, 2022 • 5 tweets • 2 min read
1/ Trudeau's response to the protests has convinced @dhh that we do need crypto, despite his decade of well-reasoned opposition.

I hope he re-reconsiders, and sees that his critiques of crypto still stand, and democratic governance is resilient enough to self-correct. 2/ If Trudeau has over-reached, he'll have to face the courts and the voters.

Whereas relying on crypto for your freedom to transact means relying on the whales who act as a de facto Federal Reserve of Bitcoin, without any transparency or responsibility to the common good.
Feb 3, 2022 • 7 tweets • 2 min read
1/ This is depressing. $30B crypto funding in 2021. Nearly 5% of all VC. All based on a vintage of eye-popping crypto fund returns. All strictly dependent (IMO) on a historic bull run in BTC and ETH. Whose markets have been known for years to be openly manipulated and fraudulent. 2/ As shown since at least 2019, all of the 2013 bull run in BTC from $150 to $1,000 was fraudulent pumping and wash trading at Mt. Gox.

Of course, OF COURSE, the same thing has happened in the run from $4k to $68k (to $36k) since 2019.

investopedia.com/news/bots-drov…
Feb 1, 2022 • 6 tweets • 2 min read
1/ Happy American History Month, friends. 2/ No journey more fully captures and reflects what we want America to mean than the 400+ years of Black people in America.

Individualism, Talent, Community, Grit, The tension between moral power and raw power, Rising above subordination, Insisting on Justice, Hope, and Charity.
Sep 7, 2021 • 12 tweets • 3 min read
1/ Bitcoin is an NFT.

The tech may differ, but for all practical purposes today, the reasons for holding Bitcoin and @BoredApeYC are the same.

If you own a Bitcoin, this is functionally identical to holding a 1/21,000,000th fractional ownership in the most widely followed NFT. 2/ I’ve said elsewhere Bitcoin is a compelling proof of concept. To date, it seems to have generated no practical usefulness other than evading a law. Some people think some laws should be evaded, some think all should. Fair enough.
Sep 3, 2021 • 23 tweets • 5 min read
1/ Not that I expect anyone to care too much, but since this is the only place I “journal”…

After six years of occasionally observing the crypto space, I’m ready to take a position. Yep, it’s almost 100% very bad. 2/ I align myself with @milner_aviv & @ncweaver, in near-total agreement.

To a first order approximation the entire crypto sector is not distinguishable from a Ponzi scheme.

You can believe all of the following things at once, and for now, I do:
Feb 14, 2019 • 11 tweets • 4 min read
1/ I'm sorry to hear Amazon and Long Island City are breaking up. It seemed like it could have been a very interesting development. Now, however... 2/ Amazon should locate 10,000 to 15,000 employees in Port Covington, Baltimore.