but it is OK
Shit Punk Says
Oceans of Wisdom
20,678
matching drops
#1574220
2026-10-24 20:01
leaves a slightly bigger gap in June than ideal
this is more or less the standard algo for Spring SZN
@[6529er] @[simo] @[prxt0] take a look
Proposed Calendar for SZN11
people who buy less crypto but can hodl it for a long time without getting rekt, do better than people who buy more and risk getting wiped or being forced sellers
anyway is this is the right strategy in general in crypto
exactly!
it’s fun now because I can see clearly where you were articulating parts of the vision even back then
1 used Chevy Volt is not fungible with another used Chevy Volt
1 amazon share is effectively like 1 amazon share
The division into fungible and non-fungible is quite quasi, it depends on the point of view. Shares are not interchangeable, when I look at them in general 1 MSFT share is not like one AMZN share, but when I look directly at MSFT shares, they are fungible. It's all about hiearchy, which is why I really like the idea that NFTs are a superset of fungible tokens from a certain perspective. Of course it doesn't apply 100%, you can't replace BTC mechanics for example, but it's a very interesting perspective.
like if you think about all the mental structures / constructs in the world, a few (money, stocks, etc) are fungible and everything else is non-fungible
something like that
very broadly that the way we organize the world with non-fungible concepts?
What were your insights here that made you realize? Maybe you already kinda answered with how fungible tokens are susceptible to centralization
this is awesome
A screenshot from the website on 7/13/22
more or less
bc anyone's BTC is as good as anyone's elses BTC
and the fungible coins are all suspectible to this
but I dunno it is not great for decentralization
i accept that too
it feels better than the government fighting BTC
it is good for price, i accept that
it is all ultimately under the control of the US government
but do you really want that much BTC in one place?
fantastic at security
best operators in the space
I think Coinbase are awesome
US government, Microstrategy and 8 of the 9 ETFs are all going to be custodied at Coinbase
where a lot of BTC Maxis are actively full pushing for the US government to own a huge amount of BTC
and here we are in 2025
it was super clear by 2021 where we would end up
that does not have long-term centralization tendencies
you can actually build a decentralized layer
first tweetstorm
https://x.com/punk6529/status/1423370458494341129
'it' is this
and what is 'it'
there are some path dependences in the universe
'no, no it is not going to happen otherwise'
'well, but is it going to happen otherwise?'
'fuck, though i am busy'
'yup, i need to do it myself'
'do i really need to do it myself?'
i was like 'oh shit, I am going to have to do this myself, huh'
so after a lot of time thinking about it
and the high end of the dialogue was these 1/1s and gen pieces are nice
the low-end of the dialogue was watching beanie and art chick fight or "fight" about nonsense
because nobody understood anything
and i followed everyone and read everyone and it was all max painful