Why The News In Crypto Looks Familiar

▶️ Watch on 3Speak


Scan the headlines and we see the same old stuff: lawsuits against players who made promises and didnt deliver. This is so Wall Street.

In this video we discuss how we need to adopt a completely different mindset. We need to start by avoiding the vultures who enter to take over things. Here it is not only Wall Street but the VCs.


▶️ 3Speak



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Wall Street is very political, ain't it?

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lawsuits against players who made promises and didnt deliver.

I do not know what kind of promises, but if the promises involves money, then breaking such promises is almost like (or literally) a scam. So if the promises involves money, then they deserve the lawsuits. And if they lose those lawsuits, then that is justice. Then maybe they will think twice before making a money related promise that they cannot (or simply do not even want to) deliver.

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Voyager Digital, 3 Arrows Capital, Celsius, FTX, they've all been hit. Some false promises have led to billions in lost customer funds.

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It's not surprising to see the hit articles. After all, the articles all have some type of bias and goal behind them.

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there will always be people who want to take advantage of the opportunity to earn money with the work and sacrifice of others

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I saw it coming too. Back in mid-2017 when I entered the crypto space, I was given 1000 XRP as a gift from a friend. At the time, Bitcoin was the #1 (as it is now) and Ethereum was close behind. Solana didn't exist, Polygon, Polkadot, Terra, none of these existed.

VCs ruined everything. They threw so much money at Ethereum that they pushed gas fees into the triple-digits. In effect, they broke Ethereum, for a time. Obviously it's working now, but, the main Layer-1 chain is slow, expensive, and inefficient to use.

Seeing Wall St pour into DeFi like Aave, MakerDAO, Tornado Cash, Compound. I saw rampant, runaway speculation, I saw low-utilization rates of lending tokens.

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Also love the point you make about the derivatives of HBD & HIVE. Having pHBD, bHBD, pHIVE, and bHIVE are only going to spur more, as you said. I have been very eagerly awaiting to see integration with THORChain and Cosmos & IBC Chains. THORChain truly changes everything.

I am concerned with DAOs being able to be taken over by a small group of individuals. Having oligarchies control a particular ecosystem is the antithesis of using cryptocurrency.

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