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Notes -
Maybe 1/3 of the crypto space is actually meaningfully tackling the problem of censorship and institutional control/blacklisting, and the remaining 2/3rds is just ponzi schemes and speculative bubbles driven by fed money.
so much of the space is just hoping that central bankers will pick their unsecure totalitarian surveillance system to be the social credit system of the future, and provide not even convivence value. A shocking amount of the space is openly hostile to the original libertarian vision of the first crypto projects and actively trying to co-opt it into the surveillance state...
The problem is: the Fed isn't interested in it. Powell and every fed official is dreaming of the day they'll leave the fed, go to work on wall street and make their billions. They have zero loyalty to central banking total state, and absolute loyalty to the jank and intermediation that keeps the current financial titan profitable and in position.
There will be no great reset, there will be social credit system... there's even shockingly little inflation and the fed seems shockingly commited to protectng the dollar... because Wall Street is the only one that can make Powell richer, and Wall street isn't giving up the intermediation that generates its fees.
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So ya expect every crypto project that doesn't actively enable drug dealing or dissent to get torpedoed by rising interest rates and the drying up of fed money
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