The end was well known that's capitalism, it swallows everything it can make profit of.
Also in large part due to the complete miss understanding of money by bitcoin maximalists, if you don't understand money, how can you create an alternative money to the system?
I agree on the misunderstanding of money by bitcoiners (the revolutionaries), but it is inevitable, if they were not ideological revolutionaries the movement couldn’t have reached escape velocity to matter.
Crypto got strong fundamentals. While establishment trying is cutting into the rough parts like censorship and privacy. It is still building on decentralized networks like Ethereum. My guess that we still have decentralized networks, but they will be somewhat less decentralized.
Also - the establishment is also changing, there is a New Establishment we see now in action for a first time, and they got a different taste. . I think they also sees the value in decentralized network, which is good!
Cause If we come back to the fundamentals - there is an inherent value in Bitcoin, and inhere rent value in Ethereum. But we need to do something like 80/20 rule so all market players can accept them. And some stuff will run on centralized blockchains as well (it's part of the 80/20).
USDT / USDC, and by proxy the US government, have full control and decision in the case of an Ethereum fork choice, so the chain is not permissionlesss or decentralized as people would have it.
I would argue this is a good thing, American Hegemony and values have lead the world to where it is today and any alternative e.g. Russian / Chinese Hegemony is far far worse to crypto values, and specifically freedom and liberty. If you think the CIA / NSA is bad wait until you learn about the Russian / Chinese counterparts
The end was well known that's capitalism, it swallows everything it can make profit of.
Also in large part due to the complete miss understanding of money by bitcoin maximalists, if you don't understand money, how can you create an alternative money to the system?
I agree on the misunderstanding of money by bitcoiners (the revolutionaries), but it is inevitable, if they were not ideological revolutionaries the movement couldn’t have reached escape velocity to matter.
we will change the system, just not replace it
Hey Eylon,
Crypto got strong fundamentals. While establishment trying is cutting into the rough parts like censorship and privacy. It is still building on decentralized networks like Ethereum. My guess that we still have decentralized networks, but they will be somewhat less decentralized.
Also - the establishment is also changing, there is a New Establishment we see now in action for a first time, and they got a different taste. . I think they also sees the value in decentralized network, which is good!
Cause If we come back to the fundamentals - there is an inherent value in Bitcoin, and inhere rent value in Ethereum. But we need to do something like 80/20 rule so all market players can accept them. And some stuff will run on centralized blockchains as well (it's part of the 80/20).
P.S. your thesis works very will with Zizek's flexible capitalism.
Hegel → Marx → Zizhek - makes total sense
USDT / USDC, and by proxy the US government, have full control and decision in the case of an Ethereum fork choice, so the chain is not permissionlesss or decentralized as people would have it.
I would argue this is a good thing, American Hegemony and values have lead the world to where it is today and any alternative e.g. Russian / Chinese Hegemony is far far worse to crypto values, and specifically freedom and liberty. If you think the CIA / NSA is bad wait until you learn about the Russian / Chinese counterparts
Well written 🔥
tysir