Welcome back! I missed your writing last week but I can understand wanting/needing to take a small hiatus. This was an excellent post, thank you for the reminder that we are further along than when we started. Seems like just yesterday I was eagerly anticipating your first post. Keep up the great work, and glad to have you back!
It's amazing how much time has passed already. People think that 1 or 2 years is a long time in market terms, but it really isn't. Bull and Bear markets are blink and you'll miss them.
I kept Railgun when i sold most others bc the privacy aspect was interesting, your mention of the ETH split reminded me; I haven't kept up w what's happening with it though it could be dead. One of the BowTied accounts did a writeup a while back and it interested me more than monero for some reason.
Welcome back. Hope the court situation is cleared up BTW.
Should finish a post about the merge by tomorrow (today, lol).
And the court stuff is not even close to being solved at this point. I just signed more affidavits today and optimistically it will be another 8 months. Pessimistically, closer to a year. I'm just pretending that I don't have my life's (fiat) savings and trying to act accordingly.
It's been both the worst setback of my life and also great motivation for me to optimize all sorts of things and re-examine spending habits while also focusing on additional income at the same time. Unfortunately a good chunk of that capital was reserved for 2 very specific investments for income, and having to table those both sucked, but that's life.
On the plus side, since I am pretending I no longer have my money I am absolutely out for blood and will never settle unless the terms are so onerous that this entity risks bankruptcy. On the down side, I have trouble going more than a couple days without an angry black cloud settling around my thoughts. In a lot of ways this has been a really long year.
Wild timing. Maybe this is so you have foresight into preparation when the banks fully play us all along w career changes by choice or force, if there could be a silver lining seems you be incredibly well-equipped to use this experience to help others, at the risk of sounding corny, then hopefully get it all back when the time is right. Dark clouds, rain, growth idk. I can't imagine going through it.
I still don't like ETH w WEF etc but rail seemed cool, almost like if eth splits K shaped that would be an option. Proof of stake seems close to fractional reserves in my mind, then what...I'll be interested w what the merge does and your insights on it.
You may remember that the last time you brought up ETH and the WEF that I disagreed with that characterization as I think ETH is too decentralized for the WEF to really exercise too much control over on-chain activities.
Well, now I'm less in the "disagree" camp than I was previously; we get to see that fight for control happen in real time. Will ETH succumb to sanctions and some of the larger money interests that can't afford to subvert the liberal economic order due to being legally vulnerable to its leverage? Or will ETH and the degens make enforcing sanctions so impossible that ETH emerges as uncensorable and the institutions that have spidered into ETH are dragged along with us into this space where crypto sits ABOVE the liberal economic order and wholly separate from its influence?
I don't think anyone would have thought we'd be grappling with this right now as we are less than 1 month out from the merge, but personally I find the debate fascinating and am really curious what will come out of all of this.
My first instinct when I saw the 87k IRS agent story is "they're coming for crypto." Anything on a cex or hosted in the US is by default now obsolete or govt controlled technology. Bitcoin died for me when Trudeau was able to seize the donated btc after the trucker rally. My hope is ths pressure brings about the privacy space race in the next crypto cycle. Competing zero knowledge proof developing teams, decentralized aws competition- more entities where those who create them are Satoshi like ghosts, unable to be raided or arrested. Dystopian shit, wild times.
Trudeau actually wasn't able to seize the donated BTC. It was much the same as what I'm discussing here in that they targeted the centralized exchanges and forced them to blacklist specific wallets. I went into detail on what happened in my post about Parallel Economies back in February. Take a peek and see.
Bitcoin is more decentralized than Ethereum and is still the gold standard. When we win the privacy war there is no doubt that bitcoin will be a big part of that. It's quite possible that a more important ETH fork is coming than the 2.0 merge. We might see a fork where one ETH that complies with US sanctions is spun up, and one that is free from sanctions spins up. But I think that as a possibility is much further out.
I actually didn't know that- was under the impression that btc got grabbed by the maple feds. Ty for the link, ill check it out. The more I learn in this space the more it feels like drinking the ocean.
Welcome back! I missed your writing last week but I can understand wanting/needing to take a small hiatus. This was an excellent post, thank you for the reminder that we are further along than when we started. Seems like just yesterday I was eagerly anticipating your first post. Keep up the great work, and glad to have you back!
It's amazing how much time has passed already. People think that 1 or 2 years is a long time in market terms, but it really isn't. Bull and Bear markets are blink and you'll miss them.
I kept Railgun when i sold most others bc the privacy aspect was interesting, your mention of the ETH split reminded me; I haven't kept up w what's happening with it though it could be dead. One of the BowTied accounts did a writeup a while back and it interested me more than monero for some reason.
Welcome back. Hope the court situation is cleared up BTW.
Should finish a post about the merge by tomorrow (today, lol).
And the court stuff is not even close to being solved at this point. I just signed more affidavits today and optimistically it will be another 8 months. Pessimistically, closer to a year. I'm just pretending that I don't have my life's (fiat) savings and trying to act accordingly.
It's been both the worst setback of my life and also great motivation for me to optimize all sorts of things and re-examine spending habits while also focusing on additional income at the same time. Unfortunately a good chunk of that capital was reserved for 2 very specific investments for income, and having to table those both sucked, but that's life.
On the plus side, since I am pretending I no longer have my money I am absolutely out for blood and will never settle unless the terms are so onerous that this entity risks bankruptcy. On the down side, I have trouble going more than a couple days without an angry black cloud settling around my thoughts. In a lot of ways this has been a really long year.
Wild timing. Maybe this is so you have foresight into preparation when the banks fully play us all along w career changes by choice or force, if there could be a silver lining seems you be incredibly well-equipped to use this experience to help others, at the risk of sounding corny, then hopefully get it all back when the time is right. Dark clouds, rain, growth idk. I can't imagine going through it.
I still don't like ETH w WEF etc but rail seemed cool, almost like if eth splits K shaped that would be an option. Proof of stake seems close to fractional reserves in my mind, then what...I'll be interested w what the merge does and your insights on it.
You may remember that the last time you brought up ETH and the WEF that I disagreed with that characterization as I think ETH is too decentralized for the WEF to really exercise too much control over on-chain activities.
Well, now I'm less in the "disagree" camp than I was previously; we get to see that fight for control happen in real time. Will ETH succumb to sanctions and some of the larger money interests that can't afford to subvert the liberal economic order due to being legally vulnerable to its leverage? Or will ETH and the degens make enforcing sanctions so impossible that ETH emerges as uncensorable and the institutions that have spidered into ETH are dragged along with us into this space where crypto sits ABOVE the liberal economic order and wholly separate from its influence?
I don't think anyone would have thought we'd be grappling with this right now as we are less than 1 month out from the merge, but personally I find the debate fascinating and am really curious what will come out of all of this.
🍿🍿🍿
My first instinct when I saw the 87k IRS agent story is "they're coming for crypto." Anything on a cex or hosted in the US is by default now obsolete or govt controlled technology. Bitcoin died for me when Trudeau was able to seize the donated btc after the trucker rally. My hope is ths pressure brings about the privacy space race in the next crypto cycle. Competing zero knowledge proof developing teams, decentralized aws competition- more entities where those who create them are Satoshi like ghosts, unable to be raided or arrested. Dystopian shit, wild times.
Trudeau actually wasn't able to seize the donated BTC. It was much the same as what I'm discussing here in that they targeted the centralized exchanges and forced them to blacklist specific wallets. I went into detail on what happened in my post about Parallel Economies back in February. Take a peek and see.
https://flirtcheap.substack.com/i/48964146/crypto-freeze
Bitcoin is more decentralized than Ethereum and is still the gold standard. When we win the privacy war there is no doubt that bitcoin will be a big part of that. It's quite possible that a more important ETH fork is coming than the 2.0 merge. We might see a fork where one ETH that complies with US sanctions is spun up, and one that is free from sanctions spins up. But I think that as a possibility is much further out.
I actually didn't know that- was under the impression that btc got grabbed by the maple feds. Ty for the link, ill check it out. The more I learn in this space the more it feels like drinking the ocean.