Regarding the “Monero is what the criminals use, not Zcash” argument
AP retweeted
Thus far each cycle has burned categories of possibilities, which the market will have trouble dreaming about again.
In 2017 we said “the infrastructure is just getting built. Once we have cheap block space and other infra the blockchain will take over the world.”
In 2021 we said “once we get past an incredibly hostile admin that’ll allow crypto use cases to flourish.”
Will there be new reasons to believe crypto has a future? Probably, but each cycle of unfulfilled promises it gets harder I think.
Zcash (and btc and punks) is the only thing I feel comfortable holding any size in this late in the cycle.
If cycle still has something left in it, I think it’s firmly established itself as a faster horse than the majors. If the cycle is over, privacy innovation in the infinite ceiling market of SOV is something I’m willing to hold with a 3-4 year time horizon.
The only strategic crypto changes the gov should do are:
1.) encourage stablecoin adoption to support USD hegemony
2.) allow cashflows to accrue to tokens
AP retweeted
I asked a Ripple holder why I should invest in XRP.
They said “imagine being able to invest in SWIFT.”
To which I said “ok why would I want to invest in SWIFT?”
And they said “do you know how SWIFT works?”
And I said, “no, do you know how SWIFT works?”
And they said “no”
