Talked with some friends about cryptos histroy
• FTX
• Luna
• Silvergate
• Oct 10 Crash
There's been some big crashes and scary times over the past few years.
But right now we've got a war & constant macro/geopolitical issues.
Is this the MOST uncertain we've seen crypto?
Obviously I'm still ultra bullish on the long-term.
What's happening now isn't going to stop the shift to tokenization, on-chain payments, AI agents, DePIN, etc.
Nothing's changed my long term conviction
But the short term definitely looks more unclear than it's ever been.
Institutional adoption has been bullish
Web3 progress and actual use is growing
Yet I don't think we've seen price action this bad in quite a while.
I'm curious to hear what you guys think of the current market environment👇
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44.7K @noBScrypto 
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36.2K @colu_farmer I was attracted to $LUNA because of sovereignty.
The idea was simple.
1. Obviously your mom
damn it
6.0K @co_cobling Why I found @cosmos ($ATOM) attractive was sovereignty.
The idea was simple:
1. Validators are needed to keep a blockchain.
2. Rewards must be paid to validators to use a blockchain.
3. So wouldn't entities that generate a lot of business or transactions feel that paying their own fees to others is inefficient?
Thus each entity creates a blockchain (app-chain) that has a structure favorable to itself, and connects them via IBC so they operate like one ecosystem.
I thought the key was that fees and control could be internalized relatively lightly.
Hmm, maybe I was just too moved?
And recently, Toss is said to be building its own blockchain instead of using the app 'Toss'.
Goodbye @leap_wallet! I’m really grateful for the IBC golden age that came after the $TIA airdrop.
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3.2K @GenYusuf21 3.2K @GenYusuf21 Terra Luna was a $40B lesson in what happens when marketing outpaces fundamentals.
May 2022.
$40 billion.
Gone in 72 hours.
Everyone blamed the algorithm.
I blame the narrative. https://t.co/FuqjZUYnTb
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