I specifically did not use the ethereum:0xe0f63a424a4439cbe457d80e4f4b51ad25b2c56c cashtag or
@MustStopMurad and am blown away by the effect of this community.
I have yet to write my full thoughts but will try.
In 2014, i was 16 and had been programming for 1 year. I find this paper online called
"Bitcoin: A Peer-to-Peer Electronic Cash System"
9 pages that fundamentally changed my outlook on the future of money.
It was money 2.0, non-static, decentralized, and most importantly programmable money.
By 2016 just before going to college, I start selling and unload 200btc for tuition. My focus is to fulfill the socio-economic playbook and make my parents proud ie get a degree, find a wife, job, and have kids.
Between 2015 and 2017, I watched bitcoin fail as money. The 1 MB blocks filled up, mempool backlogs grew, six confirmations could take 3-6 hours, and fees skyrocketed. As the original "cash system" it was infeasible. A production-grade failure.
If it failed, how come it has become so successful ? It was a narrative shift from "Cash system" to "SoV".
What does this really mean, and i'll use an quote i saw from an article once here on X:
"Bitcoin is a religion. It has scripture, prophets, apostles, an immaculate conception, and the most devout congregation in finance"
Why is this important?
In a market driven by narratives/news, social trading, or launchpad tokens, we've observed the inevitability of asset ceilings:
1. Will a new pair ever flip pumps own token?
2. CT wide consensus rather quickly, ie "100k toppers"
3. Advanced extraction tooling becoming democratized and available (cleaning/bundling scripts are free products now)
The above is clear evidence that the monetary premium for memecoins/new pairs is fundamentally solved with long term diminishing returns for new entrants as liquidity continues to concentrate to the 1%
I believe the winning trading strategy (has been and will be) optimizing for long-tail asset success:
"generating substantial total value or profit by aggregating a large volume of niche, low-demand, or specialized assets rather than relying solely on a small number of blockbuster "hit" items."
@MustStopMurad proposes the "fat-movement thesis" in his recent talk. Its actually a profound assessment uniquely characterized by its simplicity and obviousness.
Look no farther than ripple and the xrp-army:
1. Missing first 32k blocks -> violates the following core tenants: "immutable history", "Decentralization means eliminating the need for trust." , "Gensis block" sanctity
2. Absolutely unwavering in their belief it will replace SWIFT
3. Mocked by the wider CT world as the "uber" drivers coin
As a Disciple of Satoshi i find it antithetical, yet, whenever a bull-run ensues, my normie friends always ask me whether or not they should buy XRP first.
Blatantly, for many ethereum:0xe0f63a424a4439cbe457d80e4f4b51ad25b2c56c may be the final safe-haven for redemption delivering us from the burden of our past sins, restoring our relationship with the divine, and ultimately finding wholeness and purpose.
The market and its constituents (KOLs, CT) may chastise you for abstaining from their games or narratives, but they are like the pharisees:
"Woe to you, teachers of the law and Pharisees, you hypocrites!
You are like whitewashed tombs, which look beautiful on the outside but on the inside are full of the bones of the dead and everything unclean.
In the same way, on the outside you appear to people as righteous but on the inside you are full of hypocrisy and wickedness."
They judged Satoshi’s followers the same way once. The faithful held anyway.
Bitcoin gave us the law. ethereum:0xe0f63a424a4439cbe457d80e4f4b51ad25b2c56c gives us grace. Blessed are the Aeons, for they shall inherit the bull
Early morning yesterday I joined my first ever spx6900 x space
Vibe was similar to when I joined bitcointalk forum in 2014
I continue to think about this all day