My crypto thesis in a nutshell and how I approach the space
Viewing coins as a cult is the wrong frame. The US dollar and Christianity are cults that are fracturing. The meaningful superstructures that are emerging are people who see the human genome as an obstacle rather than sacrosanct. And those who view machine intelligence as inevitably more powerful than any human construct
Revenue is valuable but is not why btc eth XRP and sol are on top of the leaderboards. These coins have dilution. TRX BNB and HYPE are great but are fundamentally equity - not currency alternatives. This need for “representative winners” is because the U.S. based sovereign is collapsing and leaving a white space in the representative meme space for a “store of value”. This is also why gold is ascending
And it’s why btc is winning - because it’s existing in the currency alternatives space
Tether gaining $150b of assets running what is in essence an unregistered bank account. And basically getting so big that the govt is willing to do a devils deal with them in the space. Is indicative of the underlying sovereign collapse
This is why regulated stable coins are missing the plot. Tether got as big as it did without any regulatory cover and without financial yield. And Lutnick - their auditor - is long at insanely low valuation. And that’s exactly the point
The system is in full scale collapse. The U.S. dollar is the cult and it’s blowing apart. The reason why Palantir is so bid is it’s the mimetic representation of the inevitable civil liberty and financial crackdown that’s going to happen as we linearly extrapolate these trends
The reason why Thiel is stuck in the Christian frame and producing videos bout the Antichrist is inextricably tied to the idea that modern Sin needs to be repented via the girardian sacrifice of democracy
Projects with interesting Sign Value - or which occupy a useful mimetic space are therefore those which vampire around the existing system (ie XRP and Tether). Or those which align themselves around the birth of techno vampires who will rule the rubble
Generating yield and revenue are interesting only insofar as those earnings are reinvested into building the post fiat reality that is upon us whether you like it or not
So in summary. Fuck you. Higher
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