Writing (and thinking) about crypto — not blockchain. If it’s not useful, it’s not valuable!

London, England
Top Ten Andreas Antonopolous Quotes on Bitcoin, Crypto and Blockchain - cryptonotblockchain.com/best…
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During a job interview, if they ask: “Do you have any questions for us?” USE THE GOLDEN RESPONSE: 
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Unfortunately it’s more fundamental than that. Almost all the stuff on the bottom went down in cost due to increased automation and offshoring. Meanwhile, the stuff on top is domestic labor intensive.
Whoever is in charge of TV prices should be put in charge of healthcare, education, and housing prices
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Wow this is the coolest thing I have seen this year.
Can you read 900 words per minute? Try it.
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Happy Friday...and remember... - The easiest way to get rich is own assets, do nothing and let inflation do its trick - The biggest tax on the rich you could implement is end inflation - Ending inflation is the best thing you can do for the poor - Governments don't want to end inflation as they like spending money and it is a secret tax Facts don't care about your feelings 😘
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It also highlights the crucial issue of theft resistance. Poor theft resistance was one of gold's Achilles' heels, leading to its partial replacement by bills of exchange for high-value transfers among merchants. That and the speed of telegraphy led to the dominance of telegraphic wire transfers, which further centralized gold into bank vaults. Bitcoin is obviously far better than gold in speed of non-local transfers and in terms of validation/assay, but is, without further work and as most commonly used, still below the best trust-based methods in its theft resistance. This (along with bias towards their tradition and in some cases privacy concerns) is why Wall Street has, alas, so far heavily favored centralized third-party custody of Bitcoin.
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“If I put $10,000 in Ethereum in 2015 I’d have $200M now.” No. If you bought $10,000 of ETH in 2015 and watched it go to: $10k → $1M → $14M and did nothing Then watched $14M go to $390k and still did nothing Then watched $390k go to $30M and still did nothing Then watched $30M wither to $1.2M and still did nothing Then watched $1.2M surge to $93M and still did nothing Then watched $93M deteriorate to $5.3M Then watched $5.3M climb to $323M and still did nothing Then watched $323M shrink to $54M and still did nothing Then watched $54M surge to $200M and then for some reason finally decided to do something… Then yes, $10K in 2015 would be worth $200M today.
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A politician warning you about the dangers of government.
Be very wary of high taxes. Any government that has high taxation is giving itself more powers and the people less.
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Replying to @keoneHD
I don’t know the first thing about your tech. I’m sure it’s good, everyone that speaks about you and your team say you guys are smart as fuck. But your tokenomics pretty much guarantee $MON will be Down Only. Tell your community how the chain will absorb the 90% of tokens without cratering. Tell your community about the amount of usage needed so that there is organic demand to buy the token from the early investors and team members who will sell it once it unlocks. There is nothing wrong with selling, your early supporters an team members deserve a good return for taking risk. Tell the community how you will maintain this price level with ~1% monthly inflation just due to staking rewards. Fucking educate me on that. I don’t give a fuck what your tech does, I’m a trader. Write me a wall of text about the flows and make me look like an idiot. Until then , $MON is a hot potato. It’s fun to scalp with but the general trajectory will be lower just due to supply and demand.
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I hope Zcash resists the dark hand of token voting. Token voting is bad in all kinds of ways (see vitalik.eth.limo/general/202… ); I think it's worse than Zcash's status quo. Privacy is exactly the sort of thing that will erode over time if left to the median token holder.
Markets are indeed plutocracies, which is exactly why they are terrible at preserving civil liberties. A plutocracy optimizes for 'number go up' in the short term. If removing privacy pumped the bag 20%, the market would vote for it tomorrow. The 'virtue signaling' you dismiss is actually a 'Values Layer.' It’s the check and balance ensuring the market doesn't sell the protocol's soul for a temporary liquidity boost.
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Crypto got everything it wanted - ETFs, adoption, legitimacy - and prices are still down. We valued casino flow like recurring software revenue. “Dear LPs, we outperformed ETH… and still lost 80% of the fund.” Full post: open.substack.com/pub/obviou…
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Interviewed @RaoulGMI, who says crypto should be valued on network effects. Fair point - so I tested it. The numbers tell a very different story. 🔗 obviously.substack.com/p/cry…
New episode with @RaoulGMI out now! @santiagoroel We discuss: - Market sell off - Liquidity in 2026 - Trading crypto cycles - Valuing crypto networks - DATs, Raoul's AI thesis, & more! Timestamps: 00:00 Introduction 01:25 Where Are We In The Macro Cycle? 10:11 How To Value Crypto Networks? 20:58 Ads (Zcash, Katana) 22:14 The K-Shaped Economy 25:31 Has The DAT Bubble Burst? 28:24 Why Liquidity Drives Markets 38:19 Ads (Zcash, Katana) 39:35 How To Trade Crypto Cycles 49:57 Ads (VanEck, Uniswap) 51:39 Raoul's AI Thesis
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More Friedman, less Polanski. “The programs that are labeled as being for the poor, for the needy, almost always have effects exactly the opposite of those which their well-intentioned sponsors intend them to have.” — Milton Friedman
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I ran out of levels that I could try to knife catch at Technically have to wait for $95k monthly support to be reclaimed or for $60k monthly support to be hit I'll let you guys do the hard work to get it to either of those, probably not gonna bother again in between
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So so many alt coin crypto “investors” finally beginning to realise that they have no idea what they’ve bought, what they’re doing, what alt coin cryptos are, and that they’re not investors.
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🚨 THE CHINA MODEL IS HERE — AND THIS IS WHAT IT LOOKS LIKE A chilling look inside Shanghai’s AI-powered surveillance “Urban Brain” system — the blueprint for the social credit grid spreading across China… and soon, the West. In Pudong, a single control room can monitor every resident in real time: • Every building mapped • Every vacancy tracked • Every elderly person living alone logged • Every movement recorded • Every behaviour scored And it gets worse. Trash not sorted correctly? Cameras catch you from three angles. Park in the wrong place? Your violation is uploaded instantly. Residents themselves are enlisted as watchers — snapping photos, reporting one another, feeding the central AI. The system then auto-assigns punishments and sends enforcement teams out via mobile app. This isn’t policing. This isn’t governance. This is algorithmic control of human life. Chinese state media brags that police can now identify every person on the street within one second. This is the model global elites admire. This is the system the EU, WEF and UN are openly “studying.” This is the digital architecture Western governments keep calling “smart cities.” It is nothing less than an automated dictatorship. The warning is simple: What you see in Shanghai today is what they want for London, Ottawa, Berlin, Auckland and beyond tomorrow. Stay alert. Stay awake. Stay free.
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Anarcho-capitalism is a wonderfully abstract ideal that can inspire innovation. It helped inspire me to help invent cryptocurrency. But real-world cryptocurrencies are not trustless -- they are trust-minimized. Each cryptocurrency has a legal attack surface, representing the kinds of ways governments and/or private entities can practically use law to disrupt their operations. The layer 1 of a good trust-minimized cryptocurrency like Bitcoin can withstand much more interference than centralized technologies could or can, but the technology still has its limits. The kinds of attacks that come from financial law have largely proven to be manageable, due to a combination of the trust-minimized (not trustless) technology, which requires diligent attention from developers motivated to keep it a trust-minimized form of money, and a large army of cryptocurrency industry lawyers who specialize in financial law. The legal attack surface from arbitrary data is far larger and far less predictable. The crypto industry does not have the legal expertise to deal with it. Thinking that Bitcoin, or any other cryptocurrency or blockchain protocol, is a magical anarcho-capitalist Swiss army knife that can withstand any kind of governmental attack in any legal area is insanity.
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Crypto investors beginning to realise they have no idea what they’ve “invested in” lol
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