Literal Shit Post
So I've been on vacation for the last couple days. Haven't really had any time to write a post, even though there is a lot going on. Jack from Twitter is going on a rampage; going full maximalist and accusing Web3 of being a fairytale owned by venture capital. Yes, very cute, Jack. I'm sure your shitcoin is going to be so much better. I'm sure you're not worried at all that everything you've built is going to be chewed up and spit out by the real Web3.
But more importantly, a few minutes ago I realized that I needed to shit. Not only did I need to shit, but I simultaneously remembered that I hadn't taken a shit for perhaps 3 or 4 days, so this particular shit was not going to be a pleasant one.
But never fear, dear readers, because I had an idea! What if I tried Lamaze breathing? Would that actually work? A breathing technique used for the actual birthing of human babies? It totally did work. Crisis averted. Those scientists really thought of everything, didn't they?
Speaking of shit, remember when @berniesanders was having that flag war and posted a link to a picture of his own shit thousands of times using a bot? Remember how no one did anything about it or even mentioned it as a problem? Cowards!
I don't wanna touch that shit with a ten-foot pole!
But then, what is anyone even going to do about it? Can we stop someone from posting to the blockchain? Not really. On the other hand, we can censor that childish garbage on the frontends, and even employ various social dynamics to mitigate and even nullify the issue. Trust me, in ten years blockchain forensics will look back and be like:
What the actual fuck were they doing on this chain, lol?
So early in the game.
Read an article today in which the author interviewed like 15 famous people from blockchain and asked them if mainstream adoption was here. None of them claimed it wasn't. They all said mainstream adoption was either here or we were clearly right at the beginning of it.
You know, it's hard to argue against that with McDonalds making a McRib NFT and the Staples Center changing names to Crypto.com Center, but I think I'm going to play the contrarian anyway, because that's just what I do apparently.
Not only is mainstream adoption not even close to being here, it won't even matter when it does get here.
Mainstream adoption is not some end-game goal to be achieved and then we move on to the next game. It's just a tiny mile marker on the way to something much much bigger.
The grind is real.
We did it, what should we do now?
What do you mean? Now we get to play the game!
It's kinda like that...
Once we hit mainstream adoption marks when the game finally gets good rather than just being this boring speculative grind and whining over price action. That's when people don't care about the price, because they are their own boss, they are their own central bank, and they are even having fun while they make ten times the income of their legacy job. That's when it doesn't even matter if the price tanks 90% because they are still having fun and still making enough money to live off of comfortably.
Top Signal Declared!
Also, have you noticed how many people are seeing these things like corporations ape into NFTs and declaring that this is a "top signal"? LOL, really? A top signal where the price has been trading largely flat for an ENTIRE year? Think about the gains we made in 2021. Basically nothing unless you were trading on much riskier micro-caps.
These are not top signals. These are adoption signals. And when you see adoption signals this strong and the price isn't even going up? Well that means that the price is obviously undervalued, not overvalued like all these cowards on crypto twitter are trying to espouse.
How do we even define mainstream adoption?
I personally would define it as half of the population or more using the technology. Considering 'only' 4.7 billion people have access to the internet, conservatively this means that about 2 billion people need to be using crypto for it to become "mainstream". We aren't anywhere close to that.
But there are so many other definitions of "mainstream".
For example, crypto is money; a superior form of money that can't even be governed by legacy systems. Therefore, an even better definition of mainstream adoption would be if crypto had a greater velocity of value than fiat did. Or perhaps if Bitcoin's market cap was higher than USD's market cap, I would also consider this mainstream adoption. Again, there are so many ways to slice it.
Putting the "mainstream adoption" label on crypto is extremely counterproductive. Once we collectively decide that mainstream adoption is here, what is the implication? It's quite obvious to me that it's implied that anyone who hasn't entered the market by then is the sucker that's going to be on the Fool's end of the stick in the Greater Fool's Theory. Clearly, this is not the case.
This is the attention economy.
We can already see it happening before our very eyes. For the first time in DECADES, this economy has become an employee's market rather than an employer's market. Less and less people are taking shit jobs for shit pay. Unions are starting to win huge concessions (see Kellog). Wages are going up.
Why is this happening?
Well, I can't prove it, but a rising tide raises all ships. Crypto is exponentially the best collateral in the world, and now that more people have crypto, people and communities are increasing their inherent value within this economy. Crypto is forcing everyone to compete, either directly or, more often than not, indirectly.
Imagine a bunch of ice cubes being put into a glass full of water. The ice displaces the water and makes the glass overflow. The end result is that value has overflowed onto the table, and no one is quite sure how it got there. Expect these indirect effects to continue happening as the world gets weirder and weirder.
Conclusion
My shitpost is a lot better than I thought it would be.
I'll take it!
Key takeaways:
- Tribalism bad.
- Mainstream adoption is irrelevant.
- Jack is being a petulant dipshit.
- Controlled breathing can lower blood pressure and increase metabolism.
Just spent a few minutes perusing Bernie to see if his accounts are still stacked to the brim and it seems he's eliminated a lot of his stake in some form or another. Granted, he's got a lot of accounts so it's spread out a lot but surprised to see it mostly liquid now.
I think the "mainstream adoption" stuff is so hard to measure realistically. We've had a lot of things happen that would really signal to me mainstream adoption but it goes back to measurability. It's difficult to say what key things would signal adoption versus not. I think with countries trying to make Bitcoin legal tender or reserve currency, that's enough of a signal to me that we've achieved what many would consider mainstream adoption.
Happy Hive birthday by the way, just noticed that!
Jack is a turd, it's funny when people like him get mad and start to cry about things they think aren't going their way. His clout isn't going to change the fact that web3 isn't something he's yet a part of.
Looking for some older stuff, check out what I found hahah. 1900$ post! Those were the days, huh? 1200+ comments too!
Legend
My first video on Steem was of this guy...
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#autofellatio
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Lol took out a rib or two?
I don't like pop corn but if I did, I'd be eating pop corn while I sit back and enjoy watching these crypto heavyweights having a spat over Web 3.0 on Twitter with such passion. All that chatter will inevitably benefit us. Keep at it, BTC maxis and the rest. You are making Web 3.0 inevitable. And it won't be the VC-centric stuff that regulators set theirs sights on that wins in the end. (By the way, at some point it might be beneficial to increase the number of consensus witnesses from 20 to 50 or more.)
Shitpost was not all shit, it seems :)
Mainstream adoption, in my view, will happen when users accept these crypto services and products and not for their token price. Once we go beyond token prices and realize the usability of those products and services, mainstream adoption could be signaled. Almost everyone is aping into projects to make multiple gain, which is absolutely okay. Mainstream adoption will take that one step further.
An interesting perspective. It'll be better like you said if we get to that stage without even realizing it because it isn't the ultimate marker of success in the space.
Agree and GM.
Merry christmas!
Nice (shit)post! Dude, I love reading your stuff and this was probably the best shit you've ever posted lmao
Also, constipation is dangerous. I once travelled to an amusement park across the state and refused to shit in their toilets because of social anxiety... Just held it in... For 9 hours. WAS. NOT. PLEASANT.
I gave birth to an eldritch horror.
That. Exactly what I'm foreseeing happening to crypto in less than decade.
Oh... and there is no top. The top exists only the heads of the crypto gurus on twitter, who most of them are full of shit... 9 days old shit.
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Great shitpost. Lots to take away from here. I will read up about what Jack is doing. What are your thoughts about Fractal / Twitter folk and their discord/airdrop? I made a video about it today. Cheers
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I always considered mainstream adoption as being a majority of people on block chain or crypto in general. After all with more users, there just isn't enough tokens available for most people to enter the top coins. However I guess that is more or less fixated on price.
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Jack has been very annoying of late. Belemo says he thinks with a web 2 brain lol.
Hahahahaha Rotfl🤣🤣🤣 well it's a nice shit!
Yes o! It's happening very soon. It's all changing. Take for example, The minimum wage for workers for a month in my country is $52, and most Nigerians make up to that in two weeks, some even in a week! It looks so good! Everything is changing.
@edicted would you like to be interviewed? I do a series interviewing top hivers and I would love you to participate even if it's audio or text could also work. I have a compilation video of my previous interviews pinned to my blog.
Hm probably not but I'll think about it.
I don't believe this counts as a shit post. I want my money back.
For me, mainstream adoption is when I can buy a pint of milk with HBD. Until then it will be a speculative rollercoaster.
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I just took a mainstream piss if you know what I mean.
Agreed, mass adoption isn't a fork in the road, it will be a point like you describe where more then half of the population is using this technology because a bunch of people they know are using it and thats how they interact.
Mass adoption will slowly occur as this technology becomes so easy to use that people don't even know they are using it.
They will just use the tools to get stuff done, without any thought to the tech under it.
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Please create a Fartpost next in The Farting Community !
Not everyone ignored Bernie. Good times.
The controlled breathing thing is why I always have a cigar in my mouth. I have to always control my breathing, and I get the bonus Clint Eastwood squint.
Thanks!
Damn, I poop 2-3 times a day. I d probably be dead in your shoes.
If the whole whole world get crypto,it means things are going to change.
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The Bernie Sanders case was one of the most interesting. I didn't quite see my way through the purgatory of events. In hindsight, and after a single exchange of comments with him, I began to suspect that he intended to make a truly great example and was going all out to make sure that the last person got it. That the features of the crypto-based blockchain coupled with blog content and user accounts make it an easy matter to buy in and then dominate the sphere like a jockeying maniac. So I actually found his actions exemplary and therefore impressive, even if I have no idea who the guy was. But in no way can he be accused of hypocrisy, can he? This is what I see as his strongest message: holding up the mirror. Whatever one's opinion of him, I think he had an important role.
Maybe that's why many minds are interested in the becoming of Hive & Co as mainstream, because in the many there are a few more of the few who are considered particularly interesting, both in their thinking and in their forms of expression. I am undecided. I haven't yet found a way for me to achieve a collaboration that is exactly right for me and that makes me happy through a certain continuity, and I suspect I'm just like everyone else a donkey snatching close to the carrot dangling in front of it. LOL
I share the assumption or statement that the truly poignant, interesting and of course most disturbing thoughts and works are to be found off the mainstream. But without the stream, these little side streams wouldn't exist, would they?
My own attempts at shitposting have potentially not achieved such juicy payouts. I must be doing something wrong :D