success (earnings) of Binance is an embarrassment to tax man/lawman. This jealousy will result in evermore censoring (tax, sue, clampdown, DoS, regulation++) of crypto CEX's. Didn't we all bid up crypto prices on promise of freedom (DEXs) not centralised censorship (CEXs)?

for rest of ur life, u don't/no longer need:
-high school cert/uni degree
-professional qualifications
-CEO skillset
-vc mindset
-a rich uncle
u need only one behaviour/skill for rest of ur entire life: knowing when to buy (BTC and/or ETH) mrkt bottoms/low points

q: most prolific copulator in history:
Cassanova?
Ron Jeremy?
Ghengis Kahn?
a: the fiat USD/The Fed/banksterz - f&*^ed more people than any other
> keep stackin'

some of the most unnatural mistakes ever constructed by humans in 10,000 years (nation states, banksterz, lawyers, militaries, political process, -isms, etc.) will be utterly destroyed by a few geeks with some maths encoded into a p2p DLT.
Via no bullets fired.

cryptocurrency is a time machine: no-coiners wish they could jump in it, go back five years and change their past decisions.

I laughed at you.
I swore at you.
I slapped you.
I punched you.
I kicked you.
I tazed you.
In 2019/20, expect world's largest bullies to realise that they have now to pull out all the stops in their final chance to put you down.
Crypto faces a valley of death sometime soon.

USD: fiat sh1tcoin
USDT: crypto sh1tcoin
You know you're sh1tty when even a synthetic, cryptographic version derived from you is also sh1tty.
Sh1tty-ness runs in the fiat family's genetics.

CZ / Binance proud that they have SAFU: safe asset fund for users.
I have a SAFU too: it's called a blockchain and my private key.

today: "Not your keys, not your funds"
future: "Not your keys, you don't exist. Not your DAO, not your DEX, not your IPFS, not your web3, not your DID, not your DAC."

why do coinz get stolen, hacked, 51% attacked?
cuz they valuable, even more so if you holdin' 'em into the future
be worried if the incidence of robbery attempts declines in frequency

the goal of all us crypto peeps should be 1 thing: kill all crypto whales by trading their coinz off them.
crypto fails if whales can remain 1 percenters.

if you work a dayjob for fiat, take a homeloan or credit card in fiat, you are essentially 'mining' those fiat into existence.
Wouldn't you rather be mining cryptocoinz into existence? Ask your boss to pay you in coinz. Ask you lender to lend your homeloan to you in coinz.

It's not that the value of crypto (mktcap, price per coin) is rising against fiat $.
It's not that the value of fiat (gold, oil, land) is going down against value of blockchain.
What's measured here is the ratio of old-think (fiat) to future-think (blockchain).
> Keep stackin'

current chartpr0n: crypto market cap $$
future chartpr0n: ratio of count of people who still have bank accnt versus count of people who use only crypto for every fiscal use/purpose in their life
> the true flippenning

2/
...a record of agreement amongst human agents, a system of social privacy.
In other words, it's composed of people and their ideas.
So: old-world economists are valid to comment on crypto?

1/
the no-coiner commentariat performs its analysis of cryptocurrency in financial, monetary terms. "who needs crypto; we have the USD + The Fed + Keynes."
Meanwhile: a blockchain is a voting system, a consensus-making system, a governance technology, a social construct, ...

your body/mind ages
your career ends
your country fades and your empire collapses
your pyramids crumble
your central bank/fiat currency hyperinflates then dies, like fireworx
>> your private key and its unique maths-driven secrecy outlasts the universe

-jump out of a plane....you don't need the parachute [until you realise the ground approaches]
-ride a motorbike....you don't need a helmet [until a second just before your crash]
-work for fiat income....you don't need cryptocurrency [until.......

ahh, well spotted. I played with these when I was 5-6 years old, then lost track of them for decades. They are Kenner SSP's. https://www.youtube.com/watch?v=jKczvqp7n5w

get meta
fiat: if a tree falls in the forest, but nobody is there to hear it, did it really fall?
crypto: if an idea about crypto can't be reduced to an upvoted meme here in peepeth, then is the idea crypto-verified?

2/
Give me a full verifying, full validating blockchain/DAO, that slashes any small number of bad actors, any day.

1/
democracy/representative democracy: small fraction of voter base ("swinging voters") + plus rigged bias of electoral college (1 person != 1 vote) means summed choices of very small fraction of the total sample space get asymmetrical power to decide the ouctome.

life coaches, psychologists, economists will tell you: you are the sum (or residual) of the choices you made in your life to-date.
crypto teaches you: you will be the sum of the outcomes of the staking incentives/game theory payoff matrices you chose to respond to

knowing about crypto yet continuing to use fiat, earn salary in fiat, buy groceries in fiat, is same as requesting Big Macs for lunch as your recuperate in your hospital bed after a heart attack

2/
... each successive stakeholder grouping generates its own new (next-level) language model.

Money/crypto is a socially-driven never-ending conversation: expect the definitions to evolve over time as thinking around it evolves.

1/
banks issue money: Fed Reserve USD, Euros, Yen
blockchains issue coins: BTC, ETH
companies issue DAOs: defi, DEX, Aragon/BitNation, EOS
commentariat issue definitions: NVT, TCR's, STO's, Cryptocapital vs. Cryptocommodities, token velocity thesis, MV=PQ, ...

the internet was an O/S for the global info-driven datasphere
the blockchain is an O/S for trust minimisation
the selfDAO is an O/S for your brain's mental self-soveriegn future-state

2/
202x: you are your own nation, your own government, your own sovereign...

you own it. you're on your own. you are your private key.

1/
19xx: you are the consumer > Madison Ave, malls, the burbs...
20xx: you are the product > Facebook, Google, Cambridge Analytica...
201x: you are your own bank > bitcoin, blockchain, DLT, DAG...

2/ ... Roubini if they will allow me to use it."
Crypto OG's, for the last ten years and STILL going stronger than ever: "hold my beer"

1/ Satoshi, 2009; Vitalik, 2014: "hey gang, here's a gift. Permissionless. Trust minimising. Uncensorable. Immutable. You're welcome."
Noobie users (non-crypto OG's): "I'd better check with my bank, my government, the SEC, the CTFC, the Fed, the IMF, Warren Buffet, ...

Volatility is not a bug of crypto prices/markets: it is a feature. Worry if there is NO volatility. Lack of volatility = groupthink,convergence; means no-one has a different opinion. Wisdom of the crowds = mob rule; sometimes, the mob is slow on the uptake.

why, thank you!

I just published my latest ramblings: "random cryptocurrency / cryptoeconomics thoughts #9" at https://medium.com/@lanthdf6p/random-cryptocurrency-cryptoeconomics-thoughts-9-a3f8bb4720c3

read my various longer-form ideas about crypto's future, cryptoeconomics, governance at: https://medium.com/@lanthdf6p

looking for a job in the ethereum world? I just received news of this: https://github.com/Department-of-Decentralization/Ecosystem-Job-Openings/

I'm happy, ran up rel0.0.0 prysm shasper node beaconchain+validator clients on Linux on one of my PCs. Cool to see ground zero shasper code, running live, 'in the wild' > the future of Ether 2.0.