1/10 🧵A few words about #crypto and the whole industry before I go back on hiatus.
There's a lot of hope and euphoria in the air, but price action and market liquidity suggest otherwise. 🎈
1/10 🧵A few words about #crypto and the whole industry before I go back on hiatus.
There's a lot of hope and euphoria in the air, but price action and market liquidity suggest otherwise. 🎈
interesting thread. I’ve been having this feeling as well. I loved the point in thread “8” in the most. I hope we get it right.
You can bet your ass that we will
2/10 I've always been big on DeFi, but after observing and participating in a few farming endeavors on Arbitrum, it seems that our order books have become thin.
A troubling sign for what should be a highly liquid network. 📖
3/10 On the Hive dexes, the same pattern is emerging. The buy and sell sides are slowly diminishing while choppy market conditions enrich CEX owners, and no one else. A stark contrast from its once thriving marketplace.
4/10 Almost a year ago, I went on the @cryptomaniacspod podcast and explained why I expected a few centralized exchanges to collapse in the coming months. The collapse of FTX seems to have kick-started this process.
5/10 But we aren't even halfway through this cleansing process. I believe that the market will start drifting into silence more and more until we realize that everyone is actually gone, chasing the next shiny thing.
6/10 Alas, there is hope at the end of the tunnel. I believe that we are just entering the Bear of all Bears, but at the end of that journey, the Bull of all Bulls should be waiting. 🐂
7/10 While many are predicting a doom scenario for the world, I believe in a brighter future. As we wash out parasites from the crypto ecosystem, coincidentally, AI will reach maturity, paving the way for a digital renaissance. 🎭
8/10 Society has suppressed creativity for far too long. As soon as creative people get their hands on tools that don't require them to climb a corporate ladder just to create art and entertainment, that's when the real party will start.
9/10 At that moment, crypto will emerge once again as a useful tool for validating ownership and turning ideas into liquid assets that will bring about an age of abundance.
10/10 For now, I will stay on the sidelines until my thesis is either proven right or wrong. Because in the meantime, I have much more important work in the real world.
IRL farms are harder to maintain than blockchain ones ;)
Where you going
To build the best organic farm the world has ever seen using the money I made trading magic internet coins.
DCrops? Lol