#threadstorm 1/🧵 We are seeing a war taking place and the battle lines are being drawn. Wall Street is trying to hijack #crypto. This is becoming clear. Regulators tend to protect incumbents and not the

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5/ We are now going to enter a period where major wealth can be created. Since we are dealing with the mechanism that results in economic productivity, we can see how, especially in the digital realm,

4/ PayPal and Amazon are two examples. Crypto changes this since money is now built into the base layer of the networks. Now we are dealing with something that is native to the digital realm. Here we see

3/ The original internet protocols did not account for commerce. It was originally focused upon academic and military use cases. This created an opportunity for the siloes to step in, businesses that took

2/ The internet is the world's biggest copy machine. It creates abundance in whatever area it enters. We saw this with music, information, video, communications, and shopping. Now we are dealing with money.

#threadstorm 1/🧵 The age of abundant money is upon us. #crypto is changing everything in ways people do not imagine. We are now to the point where the lessons from the Internet are clear.

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5/ This means that people can basically ignore what the Genslers of the world are saying. Right now they are relevant because we havent built enough to make them irrelevant.

4/ The fact that cryptocurrency is now internet money means it is native to the networks. They cannot be separated. Govt's are going to treat it as a different entity. It cannot be done.

3/ When we look at the original internet protocols, we see commerce was omitted. This means that we had to develop something that made it native. This is cryptocurrency.

2/ Decentralization is more powerful than people imagine. At the same time, looking at crypto as simply a new asset class is a mistake. It overlooks the major feature of crypto.

#threadstorm 1/🧵 People like Gary Gensler send shockwaves through the crypto markets. The problem is that, in the long run, he doesn't matter. Cryptocurrency does not require gov't approval to succeed.

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5/ This could evolve where people are earning stake in systems through their activities. Over time, as this grows, it can be utilized to develop a stream of income. All of this is part of the transition.

4/ Here we see something that is not present in the existing system. At this point, we are in the early stages but we can see how ecosystems where people can acquire stake outside of investing is crucial.

3/ This means we are not likely looking to the solution. What could be the answer is #web3. Here we see the idea of stake and equity in network states. Here we see the concept of universal basic assets.

2/ This stirs calls for Universal Basic Income. The problem with UBI is that government is at the middle of it. Not only is this a bad idea because of corruption and politicization. We also have to believe

#threadstorm 1/🧵 We are seeing a massive shift. Web 3.0 is one of the answers to the push forward in technology. Automation is something that scares a lot of people, forecasting the massive loss of jobs.

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