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QOTD

All the cryptos are gambling parlors masquerading as western unions.
— Bearhorncap (@Triumph6Capital) May 17, 2022

A16z: same tired lies & propaganda

A16z Web3 nonsense well broken down by @ahcastor https://t.co/30ZFOgnEQo
— Mansi P (@MsKidchaos) May 19, 2022

Crypto was supposed to decentralize wealth & power

NEW: In the crypto economy, the 1% is old news.

.01% of bitcoin holders hold 27% of all bitcoin! That’s 100x the wealth concentration of the regular economy.

Crypto, which was supposed to decentralize wealth and power, has just made it worse. We investigate with @munecatmusic: pic.twitter.com/fivWPTk12a
— More Perfect Union (@MorePerfectUS) May 20, 2022

Luna/UST vs Harvard…

Lmao. Can’t make this up. A Harvard Econ prof’s research found based on 1 million years worth of “simulations data” that $LUNA/$UST “stablecoin” wouldn’t blow up.
cc: @nntaleb https://t.co/ATveZS3spH
— SG 🏴‍☠️ (@Sg423Sg) May 14, 2022

Quantitative Finance vs Bitcoin

For those interested, my Quantitative Finance paper on bitcoin, dubbed the "bitcoin black paper".
1) not a currency, 2) not a store a value, 3) not an inflation hedge, 4) does not protect ag. "tyranny", 5) not decentralized.
Effectively worth exactly 0.https://t.co/HWE66WFH6Z pic.twitter.com/PAZhkuKaoi
— Nassim Nicholas Taleb (@nntaleb) May 12, 2022