The future is an ocean of fluid, modular, interoperable, relationships spontaneously forming and disintegrating between human and nonhuman parties without any gatekeepers. It is fractalized autonomous trust.
Please @VitalikButerin, do NOT mention communism in front of Trump.
Repeat after me: Ethereum is the ideal substrate for freedom and capitalist acceleration. I love your great country, Mr. President. Your ETH bags will fund the Trump Asteroid Mining and Mars Settlement Corp.
The Telegram sale has all the markings of an irresponsible ICO:
1. Billion+ $ raise 2. 70% discount presale 3. Over leveraged consumer brand 4. Vague overpromising white paper 5. Continuously increasing round size and yet the presale is 3x+ oversubscribed & insane demand growing
Ethereum
is a:
- decentralized slow chain for programmable money
- playground for hypercapitalist experimentation
- vessel to continue the cypherpunk ethos
is not a:
- world computer
- scalable DApp platform
- enterprise blockchain
A VC partner told me today that “spoiled eth kids” are the problem, are funding all of the good projects, and that VCs deserve to get deals. We’re really getting under their skin.
Ripple business model:
1.Print tokens, reserve for company and founders
2.Sell tokens to retail investors to fund company until series C
3.Announce empty partnerships with institutions, pump tokens aggressively with twitter bots
4.Lobby regulators to avoid security classification
I've long said that blockchain experiments are not a business model. That's why from day one @Ripple, we found the best use case for the technology and have been laser-focused on solving real problems for real customers.
IOTA is trading at over 7B market cap. In the not magic internet money world, this is similar to a skyscraper with a built in fatal engineering flaw feature selling for the 5th highest price ever because a cartel of rich friends coordinated a fake bidding war.