Loving this call to action from
@Innerdevcrypto. One of the real ones in this space. Big respect 🫡
A few reflections as I read his piece.
The first is around the word “degeneracy.” What are we actually describing when we use this term?
Crypto attracts risk-tolerant, narrative-skilled, morally/ethically flexible, highly ambitious people operating in an environment where the rewards are asymmetric and enforcement is virtually non-existent. Traditional finance has its own pathologies, but it also has gatekeepers, regulations, and slower-moving capital that constrain some of the “rotten” dynamics.
The second is the ‘attention economy’ itself.
Yes, there are bad actors. But the deeper issue is not necessarily just about individual people, but that the distribution mechanism rewards the loudest signals. Fanciful predictions, certainty, tribalism, conflict, drama… we love it. Drama spreads faster and further than humility, nuance, patience, and truth, at least at the lower levels of consciousness.
There is desire for precisely the behaviours many people claim to dislike.
And this leads to a third reflection.
I am less interested in who should be removed and more interested in what should be amplified.
A quick glance across our history as a species shows that every frontier undergoes a period like this. Tulip mania. The South Sea Bubble. The dot-com era. The early internet. High uncertainty x enormous upside inevitably attracts grift, speculation, excess, deluded confidence etc.. Crypto is just the current iteration.
The deeper question we should all be asking is how a culture matures.
Personally, I do not think the answer lies in hoping certain personalities disappear. I cannot think of a single purification campaign (apart from the ultimate inner purification) that improves a system. The system will only improve when enough of us consistently choose to play a different game. And that choice begins and ends in every moment within ourselves.
This is why I find myself drawn toward communities organised around sovereignty, humility, trust, creativity, self realisation. There aren’t many, but if you look hard enough, you’ll find them.
Culture ultimately shapes behaviour.
I believe the strongest assets will be the ones that attract people actively engaged in the work of becoming more conscious, more discerning, and less (small) self serving.
In the end, every market is a reflection of the consciousness participating in it.
And consciousness compounds.
$TSUKA $NEMO $KIZUNA $ZAPI
The tough truth about crypto
(and how you can help)
I think many in crypto and on here feel disappointed by the promise/dream that was crypto and bitcoin, not because it is a bearmarket, but because of the level of degeneracy this space has come to represent
If we keep giving attention in crypto to criminals, semi-criminals, pretenders, liars, mentally ill people, rug-pullers, failures that keep making wrong predictions, crazy loud pyramid-scheme builders, or just utterly dumb accumulators, nothing but ruin will come to the crypto-space
CZ, Raoul Pal, Arthur Hayes, Michael Saylor, Tom Lee, Trump family, and countless others.
If we want a better crypto-space, they all have to go or their holdings reduced to zero
We keep giving these people attention, using their platforms, listening or giving them space to talk in podcasts/shows/2049 etc, worsening the situation. Imagine we keep going another 10 years like this in crypto.....people will vomit even harder when they just hear the word ¨crypto¨ and the space remembered as a sick scamhole even worse than tradfi (already the case basically)
Whoever Satoshi might be, if he is still alive, he would hate what crypto has become, incorporated into tradfi and promoted and abused by clowns, and if he was dead, he would roll over in his grave seeing all this
They all have to go, back to jail, or get wiped out financially. Unlikely, i know, but at least we should stop giving them attention
I do not like this solution either, but look to the people we are giving attention to? Look at what this crypto-space has become and how utterly rotten or crazy the main characters are.
Look at how many ¨normal¨ people are disgusted by crypto, hate it, and want nothing to do with it. People used to be interested in it, now people laugh or vomit and move on. How are we getting these people back onboard?
If this crypto-space does not change, the dream that was bitcoin & crypto, to be a true alternative to the cancerous fiat system, with at least some moral basis, will die, or the only legacy will be stablecoins (ironically re-inforcing $-fiat)
I know...i sound crazy...but a man can dream and i truly believe it is what this space needs to truly flourish again one day. I use the influence of this account to point this out, because i honestly love and care about this crypto-space
I know many of you feel the same, but feel powerless to do something.
Well, you can do the following:
If you are not a rotten person or not some kind of criminal/pretender/liar/scammer, please speak up on crypto-x or on conferences or build a truly useful crypto-product. This space really needs the good people to speak/step up if we have any chance of surviving long term. Remember: "the only thing necessary for the triumph of evil is for good men to do nothing"
Thank you