<html><head><meta http-equiv="Content-Type" content="text/html; charset=utf-8"></head><body style="word-wrap: break-word; -webkit-nbsp-mode: space; line-break: after-white-space;" class=""><div class="r-18u37iz css-1dbjc4n r-1d09ksm r-1wbh5a2"><div class="css-1dbjc4n r-dnmrzs r-1ny4l3l r-1wbh5a2"><div class="r-18u37iz css-1dbjc4n r-1awozwy r-dnmrzs r-1ny4l3l r-1wbh5a2" id="id__c6vx91qnifr" data-testid="User-Names"><div class="r-18u37iz css-1dbjc4n r-1awozwy r-dnmrzs r-1wbh5a2"><div class="r-1wbh5a2 r-dnmrzs css-1dbjc4n">When things go bad, simplify your process. Reduce complexity.
Playing poker and on a losing streak? Drop down a level.
Trades have lost their magic? Go back to simple strategies.
Business is experiencing issues? Cut your side projects & retract back to the core mission.</div><div class="r-1wbh5a2 r-dnmrzs css-1dbjc4n"><br class=""></div><div class="r-1wbh5a2 r-dnmrzs css-1dbjc4n"><span class="css-16my406 r-qvutc0 r-poiln3 css-901oao r-bcqeeo">What is crypto's core mission?
What is the true value proposition of crypto?
"we can win a major battle in the arms race and gain a new territory of freedom for several years." ~ Satoshi</span></div><div class="r-1wbh5a2 r-dnmrzs css-1dbjc4n"><span class="css-16my406 r-qvutc0 r-poiln3 css-901oao r-bcqeeo"><br class=""></span></div><div class="r-1wbh5a2 r-dnmrzs css-1dbjc4n"><span class="css-16my406 r-qvutc0 r-poiln3 css-901oao r-bcqeeo">In 2012, a corporate clique tried to gang up and seize power. Calling themselves "the Bitcoin Foundation", they sought to portray Bitcoin as apolitical pure tech.
They used sly tricks and backroom games. They believed in nothing except power.</span></div><div class="r-1wbh5a2 r-dnmrzs css-1dbjc4n"><br class=""></div><div class="r-1wbh5a2 r-dnmrzs css-1dbjc4n">If only we can wrestle this plaything from the anarchists who created it, then we can get it accepted from the regime of power and gain mass adoption"
But why is crypto even useful in the first place?</div><div class="r-1wbh5a2 r-dnmrzs css-1dbjc4n"><br class=""></div><div class="r-1wbh5a2 r-dnmrzs css-1dbjc4n"><span class="css-16my406 r-qvutc0 r-poiln3 css-901oao r-bcqeeo">When I saw </span><a dir="ltr" href="https://t.co/554DgBwSYJ" rel="noopener noreferrer nofollow" target="_blank" role="link" class="css-18t94o4 css-16my406 r-1loqt21 r-qvutc0 css-4rbku5 r-1cvl2hr css-901oao r-poiln3 r-bcqeeo"><span aria-hidden="true" class="css-16my406 r-qvutc0 r-qvk6io r-bcqeeo css-901oao r-poiln3 r-hiw28u">http://</span>bitcoin.org</a><span class="css-16my406 r-qvutc0 r-poiln3 css-901oao r-bcqeeo"> in 2010, I thought it was a scam.
It said:
"Bitcoin is a form of p2p money that cannot be controlled by governments or central banks."
Bitcoin's origin story lies in the parallel economy. Nobody can ever take that away from us.</span></div><div class="r-1wbh5a2 r-dnmrzs css-1dbjc4n"><span class="css-16my406 r-qvutc0 r-poiln3 css-901oao r-bcqeeo"><br class=""></span></div><div class="r-1wbh5a2 r-dnmrzs css-1dbjc4n"><span class="css-16my406 r-qvutc0 r-poiln3 css-901oao r-bcqeeo">Crypto is wildly popular in the developing world. Despite liberal leftists in the US calling it white supremacist capitalism, actual brown people love crypto.
For example, in Egypt, USDT trades at a 16% premium on the dollar itself. You are paid for selling USDT!</span></div><div class="r-1wbh5a2 r-dnmrzs css-1dbjc4n"><span class="css-16my406 r-qvutc0 r-poiln3 css-901oao r-bcqeeo"><br class=""></span></div><div class="r-1wbh5a2 r-dnmrzs css-1dbjc4n"><span class="css-16my406 r-qvutc0 r-poiln3 css-901oao r-bcqeeo">Banned and illegal political organizations use crypto to seamlessly move money across borders. That's why states seek to make privacy coins illegal.
So what is the value proposition of crypto?</span></div><div class="r-1wbh5a2 r-dnmrzs css-1dbjc4n"><span class="css-16my406 r-qvutc0 r-poiln3 css-901oao r-bcqeeo"><br class=""></span></div><div class="r-1wbh5a2 r-dnmrzs css-1dbjc4n"><span class="css-16my406 r-qvutc0 r-poiln3 css-901oao r-bcqeeo">The value prop is that it's a parallel economy outside the control of nation states and central banks.
Western economies are bogged down in a tarpit of corruption, quickly sinking as parasitic elites suck the remaining value from society and jump ship.</span></div><div class="r-1wbh5a2 r-dnmrzs css-1dbjc4n"><span class="css-16my406 r-qvutc0 r-poiln3 css-901oao r-bcqeeo"><br class=""></span></div><div class="r-1wbh5a2 r-dnmrzs css-1dbjc4n"><span class="css-16my406 r-qvutc0 r-poiln3 css-901oao r-bcqeeo">The dangers to freedom, humanity and nature are:</span></div><div class="r-1wbh5a2 r-dnmrzs css-1dbjc4n"><span class="css-16my406 r-qvutc0 r-poiln3 css-901oao r-bcqeeo">- Surveillance capitalism, a bad business model based on data harvesting. Crypto fixes this.</span></div><div class="r-1wbh5a2 r-dnmrzs css-1dbjc4n"><span class="css-16my406 r-qvutc0 r-poiln3 css-901oao r-bcqeeo">- Automated weapons and drones which are a mobile surveillance and assassination system.</span></div><div class="r-1wbh5a2 r-dnmrzs css-1dbjc4n"><span class="css-16my406 r-qvutc0 r-poiln3 css-901oao r-bcqeeo">- Social credit scoring, CBDCs and UBI.</span></div><div class="r-1wbh5a2 r-dnmrzs css-1dbjc4n"><br class=""></div><div class="r-1wbh5a2 r-dnmrzs css-1dbjc4n">Most investors are pretty basic and dumb. Their only source of profit is getting dealflow from having a brand name.
They always jump on the next fashionable trend, but lack any predictive power. Worse they worship false idols and many are short-term oriented nihilists.</div><div class="r-1wbh5a2 r-dnmrzs css-1dbjc4n"><span class="css-16my406 r-qvutc0 r-poiln3 css-901oao r-bcqeeo"><br class=""></span></div><div class="r-1wbh5a2 r-dnmrzs css-1dbjc4n"><span class="css-16my406 r-qvutc0 r-poiln3 css-901oao r-bcqeeo">Crypto has been burnt now, and those same figureheads who at the peak of the last cycle were pushing already stale memes on twitter now remain silent.
Are we destined to repeat the same mistakes this cycle, and again look towards nihilists and charlatans?</span></div><div class="r-1wbh5a2 r-dnmrzs css-1dbjc4n"><span class="css-16my406 r-qvutc0 r-poiln3 css-901oao r-bcqeeo"><br class=""></span></div><div class="r-1wbh5a2 r-dnmrzs css-1dbjc4n"><span class="css-16my406 r-qvutc0 r-poiln3 css-901oao r-bcqeeo">The same thing happened to the Linux movement in the 90s. It had great creative power and snowballed a large enthusiastic community of devs dedicated to its mission.
But there arose a group who wanted acceptance from power to gain "mass adoption”.</span></div><div class="r-1wbh5a2 r-dnmrzs css-1dbjc4n"><span class="css-16my406 r-qvutc0 r-poiln3 css-901oao r-bcqeeo"><br class=""></span></div><div class="r-1wbh5a2 r-dnmrzs css-1dbjc4n"><span class="css-16my406 r-qvutc0 r-poiln3 css-901oao r-bcqeeo">Free software thus rebranded to "Open Source".
No longer was freedom the core of the movement. Now it was about lower costs and other such utilitarian arguments.
They wanted acceptance from the corporations.
Linux then became derivative and lost the desktop wars.</span></div><div class="r-1wbh5a2 r-dnmrzs css-1dbjc4n"><span class="css-16my406 r-qvutc0 r-poiln3 css-901oao r-bcqeeo"><br class=""></span></div><div class="r-1wbh5a2 r-dnmrzs css-1dbjc4n"><span class="css-16my406 r-qvutc0 r-poiln3 css-901oao r-bcqeeo">In the movie the Matrix, Morpheus says to Neo when he first enters the simulation that the people there are so indoctrinated by a system that enslaves them, that they will fight to protect it.
Being socially shamed, called a conspiracy theorist are means of control.</span></div><div class="r-1wbh5a2 r-dnmrzs css-1dbjc4n"><span class="css-16my406 r-qvutc0 r-poiln3 css-901oao r-bcqeeo"><br class=""></span></div><div class="r-1wbh5a2 r-dnmrzs css-1dbjc4n"><span class="css-16my406 r-qvutc0 r-poiln3 css-901oao r-bcqeeo">It's easy to become complacent, and be confident the next cycle is coming. But then you're a shit player who doesn't learn from mistakes to improve their game.
So what is our trajectory?</span></div><div class="r-1wbh5a2 r-dnmrzs css-1dbjc4n"><span class="css-16my406 r-qvutc0 r-poiln3 css-901oao r-bcqeeo"><br class=""></span></div><div class="r-1wbh5a2 r-dnmrzs css-1dbjc4n"><span class="css-16my406 r-qvutc0 r-poiln3 css-901oao r-bcqeeo">Regulations are inevitably coming, and some even welcome them!
While Ross Ulbricht and Alexey Pertsev sit in jail, there are members of our community who actively court and engage the regulators.
There's a word for this: treason.</span></div><div class="r-1wbh5a2 r-dnmrzs css-1dbjc4n"><span class="css-16my406 r-qvutc0 r-poiln3 css-901oao r-bcqeeo"><br class=""></span></div><div class="r-1wbh5a2 r-dnmrzs css-1dbjc4n"><span class="css-16my406 r-qvutc0 r-poiln3 css-901oao r-bcqeeo">Crypto will split in two. One side will be heavily regulated and toothless: RegFi
Using any RegFi products will require KYC, and they will never do anything actually meaningful. Worse yet they will engage with hostile actors to undermine crypto's true purpose.</span></div><div class="r-1wbh5a2 r-dnmrzs css-1dbjc4n"><span class="css-16my406 r-qvutc0 r-poiln3 css-901oao r-bcqeeo"><br class=""></span></div><div class="r-1wbh5a2 r-dnmrzs css-1dbjc4n"><span class="css-16my406 r-qvutc0 r-poiln3 css-901oao r-bcqeeo">The other side of crypto will be completely underground, uncensored and uncompromising. It will be anonymous and protect its community.
This is DarkFi.
Corrupted investors who get free money from the state to buy up crypto projects will never push this narrative.</span></div><div class="r-1wbh5a2 r-dnmrzs css-1dbjc4n"><span class="css-16my406 r-qvutc0 r-poiln3 css-901oao r-bcqeeo"><br class=""></span></div><div class="r-1wbh5a2 r-dnmrzs css-1dbjc4n"><span class="css-16my406 r-qvutc0 r-poiln3 css-901oao r-bcqeeo">RegFi is for US citizens.
DarkFi is for the entire world.
Activities on RegFi: mobile gaming, art & fashion, collectibles, soy trivia.
Activities on DarkFi: agorist free markets, anon DAOs, trading and p2p infra.</span></div><div class="r-1wbh5a2 r-dnmrzs css-1dbjc4n"><span class="css-16my406 r-qvutc0 r-poiln3 css-901oao r-bcqeeo"><br class=""></span></div><div class="r-1wbh5a2 r-dnmrzs css-1dbjc4n"><span class="css-16my406 r-qvutc0 r-poiln3 css-901oao r-bcqeeo">The state will crack down on RegFi, and it will comply losing all its teeth.
While with DarkFi, when crackdowns happen then it thrives.
Let there be dark.</span></div><div class="r-1wbh5a2 r-dnmrzs css-1dbjc4n"><br class=""></div><div class="r-1wbh5a2 r-dnmrzs css-1dbjc4n">—</div><div class="r-1wbh5a2 r-dnmrzs css-1dbjc4n"><br class=""></div><div class="r-1wbh5a2 r-dnmrzs css-1dbjc4n">More here: <a href="https://dark.fi/insights/ftx-where-next.html" class="">https://dark.fi/insights/ftx-where-next.html</a>. </div><div class="r-1wbh5a2 r-dnmrzs css-1dbjc4n"><br class=""></div><div class="r-1wbh5a2 r-dnmrzs css-1dbjc4n"><span class="css-16my406 r-qvutc0 r-poiln3 css-901oao r-bcqeeo"><br class=""></span></div><div class="r-1wbh5a2 r-dnmrzs css-1dbjc4n"><span class="css-16my406 r-qvutc0 r-poiln3 css-901oao r-bcqeeo"><br class=""></span></div><div class="r-1wbh5a2 r-dnmrzs css-1dbjc4n"><span class="css-16my406 r-qvutc0 r-poiln3 css-901oao r-bcqeeo"><br class=""></span></div><div class="r-1wbh5a2 r-dnmrzs css-1dbjc4n"><span class="css-16my406 r-qvutc0 r-poiln3 css-901oao r-bcqeeo"><br class=""></span></div></div></div></div></div><div aria-labelledby="id__js6fkbilh7l id__ej1vlijjw8i" class="r-1ssbvtb r-1s2bzr4 css-1dbjc4n" id="id__h9vnffll8h8"><div aria-labelledby="id__o68jgf3okib id__y7p20n6hbgi" class="r-1phboty r-1udh08x r-o7ynqc r-1ets6dv r-6416eg r-18u37iz r-1ny4l3l r-rs99b7 css-1dbjc4n r-1867qdf" id="id__ej1vlijjw8i" data-testid="card.wrapper"><div aria-hidden="true" class="r-1phboty r-1udh08x r-1ets6dv r-1adg3ll r-zmljjp r-t12b5v css-1dbjc4n r-13l2t4g" style="width: calc(130px);" id="id__o68jgf3okib" data-testid="card.layoutSmall.media"><br class=""></div><div aria-hidden="true" class="r-1phboty r-1udh08x r-1ets6dv r-1adg3ll r-zmljjp r-t12b5v css-1dbjc4n r-13l2t4g" style="width: calc(130px);" id="id__o68jgf3okib" data-testid="card.layoutSmall.media"><br class=""></div></div></div><div class="css-1dbjc4n"><div aria-label="1 reply, 3 Retweets, 22 likes" role="group" class="r-18u37iz css-1dbjc4n r-1wtj0ep r-1ta3fxp r-1s2bzr4 r-1mdbhws" id="id__no3qbni4txo"><div class="r-18u37iz r-1h0z5md css-1dbjc4n"></div></div></div><div class="r-18u37iz r-1h0z5md css-1dbjc4n"></div><div class="r-18u37iz r-1h0z5md css-1dbjc4n"></div><div class="css-1dbjc4n" style="display: inline-grid; justify-content: inherit; transform: rotate(0deg) scale(1) translate3d(0px, 0px, 0px); -moz-box-pack: inherit;"><div class="r-18u37iz r-1h0z5md css-1dbjc4n"></div></div></body></html>