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#ethereum enthusiast, #staking connoisseur, 50% insight and 50% shitposting
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I think this is a common psyop that needs to be pushed back on Whilst it is considerably fairer than most launches today, to state it's the fairest launch possible is disingenuous Satoshi and insiders mined the initial supply of BTC The fact that the public *could in theory* is neither here nor there - they did not - and so there is no 'immaculate conception' Compare this to something like Ethereum, and the reality is that it is no fairer than a public pre-sale with an allocation to insiders to fund the ecosystem - in both instances c. 10% of supply was used to bootstrap the respective networks Both as fair as each other, and in both instances there was room for improvement You could even argue that by definition it's not possible to be public if there is no public knowledge of it, and the the irony is that the ETH pre-sale *was* public and available to a much wider set of market participants The reality is simply that Bitcoin is not as unique as many like to claim
Neil Jacobs
@NeilJacobs
Bitcoin was the fairest launch possible. You can’t recreate this. x.com/bretweinstein/…
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01-23
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The reputation of ‘crypto’ has never been lower The simple answer is that a lot of coins/tokens that purport to be crypto have little utility and/or are straight up scams Unfortunately, I think we are too far gone to save the reputation of the name We need a new name to be able to differentiate the good from the bad TradFi has latched on to ‘digital assets’ but that seems very corporate and it still doesn’t really differentiate between them Maybe it’s what we need to be taken seriously, but I feel we can do better I don't have an answer, simply musing I also think that one day this will end up simply as the ‘Ethereum ecosystem’ as Ethereum is synonymous with quality and the brand will speak for itself But even this isn’t perfect as due to the permissionless nature even rugs can be apart of the Ethereum ecosystem Ultimately I think it just comes down to knowledge and understanding So perhaps it's less about a name, and more simply about continuing to call out grift when we see it and spreading the word about the positive things crypto and Ethereum can do The issue with this, though, is that people need to 'see' things before they believe them That's why it is obvious in hindsight, however it doesn't make getting there any easier Even in the crypto bubble there is confusion, and this doesn't help outside messaging - the fact that people can be 'crypto native' and yet support vaporware in the pursuit of profits is essentially the whole problem There is no conclusion I love you Happy Friday
peth.eth
@petheth
01-23
63% of ALL Americans don‘t trust crypto. But when you filter for only the people who DO know crypto... ... ...the number pumps to ~80% 🤣 In other words the MORE you know about crypto, the LESS you trust it. Bewildering when you think about it.
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