Oddbean new post about login | logout If you're curious why rising star boy keeps talking about how Bitcoin is a failure and sTaBLEcOiNs are the future... He's Just another bitcoiner who couldn't resist the get rich quick print your own tokenomics of crypto Stay humble and stack sats https://image.nostr.build/dba97a6bf6ad4cdf5ea1bbf2c3dcd5cc8240b213560623983963b541aea0cd74.jpg
Yeesh.
Oh gee imagine my surprise when I discoversed that a grifter is shilling his shitcoin's bags instead of neutral money. https://i.imgflip.com/ofx84.jpg
"Regulated and permissionless"
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Gifs break when posting?
Erm, Nic is a venture capitalist. It's literally their job to make asymmetric bets in pursuit of outsized gains.
…And venture capitalism dies under a bitcoin standard. Why take risk to generate high returns when you can just buy and hold bitcoin to generate high(er) returns with much less risk?
high time preference
And then go on Twitter and shit allover Bitcoin:/
That’s how you make asymmetric bets now. Maximize your exit liquidity by dumping on confused retail investors. VCs have forgotten that they are supposed to play long games and actually help build real businesses.
Grifters gonna grift.
