Soon-ish (tm)
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6529 ~1 month old 🥳
Some of you know me from somewhere else 👀
My views on NFTs in the thread below
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1/ On How Short Life Is
A few years ago, I was walking around in a blizzard in SoHo (New York). It was late, midnight, and it was beautiful.
Some friends, about 15 blocks away, called: "come over?"
It was late, it was cold, was tired, thought "maybe not worth it" but then...
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1/ There are no other constitutional rights in substance without freedom to transact
Being meaning to write this for 6 months, but the Canadian response to the trucker protests is illustrating this so vividly, that today is the day.
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7/ Prior mental framework was "my boy is in town, maybe we can grab drinks if our schedules allow, if not, no problem, next time"
New mental framework is: "tonight is one of your last 30 times you can see one of your best friends in your life"
🤯🤯🤯🤯🤯🤯🤯🤯🤯🤯
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🔥Time To Build An Open Metaverse 🔥
All 6529 mega-threads are pinned in this thread of threads:
nitter.app/punk6529/status/142939…
The team game plan is here:
nitter.app/punk6529/status/144546…
Hop on board fam, we are going to save the world.
1/ On A Pathway To An Open Metaverse
We are going to make a run at changing the arc of history.
It is a Return of the Jedi vs the Death Star style mission.
They have the money and the power. We mostly have our brains, our community and gm.
But it might be just enough
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1/ On NFTs 2030
However bullish you are on NFTs, you are wrong.
You are insufficiently bullish.
6529 has gone to the mountaintop and there is almost nothing in life that 6529 is as sure of as this
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1/ On NFT Twitter
We have a lot of newcomers to NFT twitter. This is a thread to teach them our ways.
6529 will start this list today, but will add to it w/suggestions.
NFT twitter has a great culture, very positive. Let's keep it this way.
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1/ What is an NFT?
Wait, what? Isn't this easy?
I am not so sure.
Let's take a look!
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1/ On How To Secure Your NFTs
Where are your NFTs out in the metaverse?
How do you store them?
How do you keep people from stealing them?!
How do you pass down your Grails to your grandkids?
Let’s find out!
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1/ On A Pathway To An Open Metaverse
We are going to make a run at changing the arc of history.
It is a Return of the Jedi vs the Death Star style mission.
They have the money and the power. We mostly have our brains, our community and gm.
But it might be just enough
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1/ On Making It
Are we GMI? Are we NGMI? Are we WAGMI? What does Making It mean?
I present below the 6529 GMI Framework (tm, all rights reserved, (c) 2021, 😂)
Frameworks are just a tool. None are 'right'. This is just how I think about it.
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1/ On Bear Markets
You are down bad? Working at McDonald's? Your ATH net worth is only visible with a telescope? Your gf is wondering where all the money went?
Now what?
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1/ On America and crypto
There is no more natural home for crypto than the United States of America.
There is no more natural strategic weapon for the United States of America than crypto.
The USA has never gone wrong betting on freedom and things are no different this time.
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1/ On buying your first NFT
6529 has a lot of new followers and (so far) has DMs open and receives a lot of DMs asking "Hi 6529, I am new, which NFT should I buy"
So rather than trying to answer this 1-on-1, I am posting this for future reference
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18/ One day we will vanish and our problems will vanish with us.
Problems are a feature, not a bug.
Problems are for the living, not for the dead. Problems are an excellent indicator that you are alive.
The state of no problems, is the state of death.
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1/ On Real Estate
You invest in real estate - the largest and most tangible asset class in the world.
You don't believe in any of this NFT mumbo jumbo.
What you are just buying a token? The JPG is somewhere else? What are you even buying?
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1/ On Being Efficient With Busy People
This is a thread for people at junior to mid stages in their career (people at senior levels generally operate this way and, at very senior levels, they all operate this way).
It is updated for 2022 practices
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ahahahahahaha
this is Milei's second rug he "accidentally" promoted on social media. he promoted CoinX (a ponzi) in 2021 while Senator.
what a complete and utter disgrace for a head of state.
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8/ Nothing had changed in substance, I just finally did the math right and it was shocking.
If you don't live in the same city with your parents, the math is kindof similar for them too - you have spent the vast majority of time you will ever spend with your parents already.
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1/ Introducing OM
Buckle up, this is going to be long, but fun.
If you are new to long tweetstorms, you have to click “show replies” every 30th tweet to see the rest
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😂😂😂😂😂😂😂😂😂
The EU should just go ahead and pass a general rule that no European is allowed to make any money using with computer and be done with it
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1/ On the EU Giving Up
I watched a panel on AI (machine learning) at a conference hosted by the European Commission.
9 people on the panel
Everyone agreed that the USA was 100 miles ahead of EU in machine learning and China was 99 miles ahead except for those who believed...
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Some numbers:
NFT users: 300,000
DeFi users: 10,000,000
Internet users: 4,500,000,000
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16/ And the net effect is that you don't have an bank account any more and there is no recourse, no due process, not even an actual law that says "you should not have an account"
It is "deep bureaucracy" running a parallel opaque unwritten legal system.
Deeply undemocratic.
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1/ On SBF & FTX
I think this is not going to be a hugely long thread (I think).
It is not going to be hugely insightful for anyone deep in crypto.
But maybe it will help as a reference to our friends in the media who are struggling quite a bit with this topic
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42/ The way to judge an idea is not if your team in power should do it.
The way to judge the idea is if you think your worst political enemy should have this power and if you feel comfortable that the team you hate won't abuse it
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14/ But coming back to this - life is short, your special moments are much much fewer than you think.
Do the math for the 20 people and 20 things you love most.
Be realistic about how often you have done them the last 5 years.
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41/ ...would you feel the same way if Donald Trump was freezing all the financial infrastructure of BLM and all their "indirect" supporters?
It is a terrible precedent to set.
In politics, you must always, always, always invert
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13/ And there are real trade-offs in life.
Being safer re COVID, costs social life.
Working hard costs personal life
Trying to stay healthy costs entertainment life
Being an adult is all trade-offs, all day long
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3/
- People have fundamental rights to speech, assembly, religion and so on
- People are innocent until proven guilty
- The state cannot punish people without due process, which generally means that, in a court of law, the state has to prove you have broken some specific law
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1/ On Taxis
Or how the world is centralizing all around you, but why you, fellow citizen, have probably not thought about it at all.
(NYC, 2007 below)
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pretend the US dollar is a crypto project. describe its tokeneconomics in that style
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1/ On JPGs
99.999999% of the world either does not know about our JPGs or, if they do, are making fun of us.
What could possibly be important about a JPG, a silly meme?
This must be a mania, a bubble
They are wrong because memes are the most important thing in the world
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5/ People who know me IRL (offchain?) know that I have been harassing them for years that
"Without the freedom to transact, you have no other constitutional rights"
And mostly they look at me strangely and I look at them strangely because it seems obvious to me
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for 50 years, all world governments bought their encryption machines from the leading encryption firm in Switzerland
turns out the company was owned by the CIA, who was listening in all along 🤣
no civilian has a chance against a tier-1 intelligence agency. most nations don't
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18/ A system of this kind would be the most powerful system of centralized control the world has ever known.
Even Stalin, Hitler, Mao did not have the ability to apply global transaction censorship across their empires at the touch of a button
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6/ It is mathematically certain now that about 99% of the time I will ever spend with them, in the rest of my life, I have already done so.
It does not matter if I see them another 10 or 20 or 50 times, it is trivia in the scheme of things.
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1/ Always forward, never backward
Most people are wildly overconfident about how much they can predict their life path, particularly on alternative timelines.
Your alternate fantasy lives are not a Real Thing, you should not waste time on them.
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19/ What will happen is some aspiring dictator will censor their opponents' spending during a election period and they won't be able to buy a tomato, let alone run a campaign
With such power & no due process, it's a certainty. Power hungry people tend to run for office
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15/ What happens instead is hidden "deep bureaucracy" type bullshit where the banks point to their regulators and say "well, they told us to close high risk accounts" and the regulators point to the banks and say "we never said that, just, you know, be careful"
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23/ I remind you that literally for the whole of human history "non custodial" was the main form of the mediums of exchange.
It is a very recent concept that this is a bad thing. It is effectively a quiet power grab by the state.
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10/ That was the background to my snowy night decision.
how many more nights in my life will I be walking around in a magical blizzard in SoHo?
will I have friends a few blocks around?
will they be up for hanging?
I explicitly referenced the framework and went.
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8/ Freedom of religion might require such activities like:
✅Renting a space for a facility
✅Paying the salaries of religious officials
✅Buying food and consumables
All of which "cost money"
I can go on, but I think the point is clear. The exercise of rights costs money.
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many people live their life as if they will later get a do-over
this is it fam. this is your shot. live the life you want to live.
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6529 Fam
1/ We say gm and gn
2/ We believe in memes
3/ We love all jpg frens
4/ We use a hardware wallet
5/ We seize the memes of production
6/ We don't run out of JPGs
7/ We don't let the institutions steal our JPGs
8/ We take care of IRL fam
9/ WAGMI
10/ We save the future
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9/ I started doing the math, being realistic about being an adult with a serious jobby-job, about other things.
"how many more nights in da club"
"how many steaks at Peter Lugars"
"how many more trips to India"
WTF. The numbers are all stupidly low. 3, 20, even 100. Peanuts
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4/ If you disagree with the principles above, I guess that is fine (but weird) but probably you can safely exit this thread now because it is unlikely that we are going to agree on anything else.
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22/ And most of all the presumption of innocence is turning into a presumption of guilt.
"why do you want to withdraw $5K in cash"
"if you have nothing to hide, why do you need non-custodial instruments"
"non custodial is dangerous"
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6/ Freedom of speech might require such activities like:
✅A website
✅A pamphlet
✅An advertisement
✅Paying a graphic designer
✅Travelling to a different location
All of which "cost money"
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State of Tech
Crypto: "2.5% transaction fees are outrageous. Let's launch 10 competitors this year to drive this to zero"
Web2: "We think a 47.5% transaction fee on digital objects is pretty competitive to be honest"
Government: "How can we protect consumers from crypto?"
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Formula for genuine success is some combo of:
1. Very hard work
2. For long periods of time
3. IQ
4. EQ
5. Strategic thinking
6. Risk-taking
7. Luck
The ratio varies from person to person but those are the ingredients.
It is rarely easy and never "free"
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53/ tl;dr
✅Financial systems underpin everything, including our constitutional rights
✅Weaponizing the financial system to resolve domestic dissent or even criminal justice issues is a terrible precedent to set
✅We must preserve non-custodial wallets at all costs
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1/ On Is Money Just A Game?
tl;dr
For most people, it is a huge struggle, but the people who make the most money tend to think of it as a game.
Can we thread the needle and figure out why both people are right?
We will try! Off we go.
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11/ Over the last 20 years, the institutional environment has shifted to a posture that non-custodial money is default suspicious:
✅Central banks who want the "death of cash"
✅Patriot Act and derivatives thereof
✅Geopolitical pressure points via the banking system
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7/ Freedom of assembly might require such activities like:
✅Taking a train to Washington DC
✅Booking a hotel room
✅Hiring a taxi
✅Buying a hot dog with mustard while you assemble
All of which "cost money"
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37/ I have to say this is not the model of criminal justice I expect to see in a constitutional democracy.
You can't just go around freezing people's savings instead of, I dunno, arresting them and charging them with a crime.
Even worse, the "indirect supporters"
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14/ I consider this to be undemocratic. If a country would like to make pornography or guns or cryptocurrency illegal, it has every right to pass laws to do so.
And then the citizens can re-elect or de-elect the politicians who voted for it and/or challenge it in court.
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2/ I assume we are in agreement that constitutional democracies are a good form of government or, at least, a better form of government than the other methods we have found to-date.
This means that I am taking for granted the following assumptions.
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9/ Historically, the risk of financial censorship has been much lower because for the literally whole of human history until approximately 2001, it was mostly uncontroversial that people could have decentralized non custodial mediums of exchange
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13/ The problem however is that there is both short-term and long-term goal creep.
In the United States (and EU) banks and payment processors have been pressured to cut off accounts to gun shops, adult businesses, crypto businesses and other perfectly legal businesses.
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17/ And when you realize how few and how precious these moments are, MAKE THEM COUNT
Don't skip them if you can avoid.
And when you use one of those tickets, enjoy, have fun, don't let stupid things get you down.
None of those things matter.
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17/ But guess what? It is getting worse. Many central banks have stated goals for their CBDCs to:
✅Eliminate cash
✅Allow global transaction censorship
✅Apply deeply negative interest rates
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1/ On the Right Way to Worry
Should you spend your whole life stressing out about all the various opportunities and challenges in your life?
Should you retire to your inner Buddha, impervious to the ups and downs of life?
My proposal to you is: Why not both?
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35/ Canada has asked every single financial system provider from banks to credit card companies to investment firms to crowdfunding platforms to crypto companies to insurance companies to:
- freeze the accounts
- of anyone directly or "indirectly" supporting the protests
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21/ The way this process has been working is that we are the frog and we are being boiled slowly.
Every year, the reporting requirements get a little broader, the penalties steeper, the restrictions on cash withdrawals more severe.
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10/ For hundreds of thousands of years humans used commodity money (from cowry shells to gold) and then in the last few hundred years we have had various forms of cash based instruments as well.
All of these are "non custodial", "decentralized" and not "KYCed"
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1/ Wealth is a claim on other people's time
There are a lot of theories on what money is, on what wealth is.
Economists have written very long books on this. It is debt, it is the evolution of barter, it is an information system, etc, etc.
All of these are true in their way
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15/ Be realistic about when you might start losing interest in some activities due to age.
Subtract the years, multiply by the times per year and look at that number.
How do you feel about that number? Good? Bad? If bad, can you do something to change it?
Often, you can't.
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22/ There are two other essays along these lines I have found interesting over the years.
@paulg here: paulgraham.com/vb.html
@waitbutwhy here: waitbutwhy.com/2014/05/life-…
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11/ And boy am I glad I went.
These are very good friends. A few months later they moved somewhat away, then I moved further away, then they moved further away.
Now we are on the twice a year schedule. No more magical blizzard nights for us anymore.
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1/ On Why The Metaverse Needs Crypto
And, specifically, why the metaverse needs NFTs.
The tl;dr is that it is critically important that the ownership layer of the metaverse ends up on public blockchains not in private databases.
Read on for why.
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11/ “If you want to build a ship, don't drum up the men to gather wood, divide the work and give orders. Instead, teach them to yearn for the vast and endless sea.”
- Antoine de St Exupery (1900 - 1944)
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16/ Even in the current system, being unbanked and having to rely on cash is more or less ejecting you from the modern economy.
Paying bills, getting a paycheck, paying vendors, investing in 401K, buying crypto even, all require access to traditional payment rails.
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54/ Finally, I would like to thank the government of Canada for providing a sneak preview of what I have been worried about.
A lot of you will still think I am a bit of a conspiracy theorist (I am not), but fewer of you than a week ago will think that
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24/ This is why one of the reasons that crypto has been generally disliked by central banks in particular.
Here they are, closing in on the 'end of cash' and now a new form of digital cash emerges and, in their view, they need to reel that in too for the rest to work.
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20/ If you go too long and feel dead inside in your career, make a change, fight to find a better way to spend your hours.
Manage your risk and your obligations of course, but don't burn your very short life on things you don't like to do.
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1/ On Punks and Yuga
I have slept on it and my conclusions are were they were last night.
Going put to put them down for the historical record and we will see, in a 1 month, in a year, in a decade, how they age
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1/ On Metaverse
"But in the metaverse" is a running joke on cryptotwitter
I regret to inform you that it is no joke.
What we are playing for is whether our children will be fully free or residents in a digital company universe - with the illusion of free, but not really free
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12/ "But 6529 the goal is preventing money laundering, stopping terrorism and reducing tax evasion"
I agree that these are a) the stated goals and b) an actual subset of the actual goals.
I am also against: money laundering, terrorism and tax evasion
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25/ So back to constitutional rights:
✅You have constitutional rights
✅You need money to exercise them
✅The state acquires the power to cut off funding
What might happen next?
I know what happens: "all of 6529 frens think he is overreacting"
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In 8 years, I have only sold BTC three times:
1) To pay off a small personal debt
2) To buy an Andy Warhol tomato soup can (a life long dream)
3) To buy ETH to buy NFTs
Do with that what you will.
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1/ @0xDecaArt wants to expand distribution and raffle off 32 mints of "Right Click Share" to people in the 6529 feed.
Drop your ethereum address or ENS in the thread below and Deca will automatically read it and pick the mintooooors randomly.
The mint is free (plus gas).
1/ The greatest art distills the moment. A manifesto
Revealing the art experiment, “Right Click Share” by @XCOPYART & Deca
Attest your pixel at deca.art/rcs. And quote RT your belief in this space. For as long as we believe, the art will endure 🔥
(Sound on! 🔊)
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