Stop Fooling Around in Crypto
The Opportunity You Fear You Missed Still Awaits
Bitcoin — Wow! What an invention that was. It came straight out of the blue. Nobody was expecting it. And for the very few people who mined it in the early days, and didn’t lose it, and never sold it, they got pretty rich.
But almost everybody missed out on that. Even the people named in the white paper missed it. Most of the early miners either abandoned their coins altogether, sold them cheaply, or traded them for some early altcoin that no longer even exists. And be honest — if you had mined or bought bitcoin in those early days do you really think you would have held it all when it first reached $1, or $10, or $100?
You’ve probably also thought “Too bad I missed the boat on Bitcoin.” And maybe that’s what led you to try to get in early on another “boat” by playing the “Crypto” markets.
Now, many people are trying to pretend that they are at the beginning of something by getting into the latest craze — in blockchain, DeFi, NFTs, or DAOs — which all fall under the heading “Crypto.”
But getting into something when there are already 20,000 other somethings like it is not actually getting in early. Stop fooling yourself. You simply can’t turn back the clock and you can’t recreate the invention of Bitcoin through buying a knock-off.
Calling something “decentralized” doesn’t actually make it decentralized. If it has leaders, a corporation or foundation, venture capital funding, or is controlled by “stakers, ” then it’s not decentralized. Anything with one or more these characteristics that claims to be decentralized is not — it’s a fraud: a fraud preying on people’s regrets that they didn’t get in early on something truly great; a fraud luring people towards something that’s neither early nor great. So stop fooling yourself — and stop fooling others.
Don’t use terms like “web3” and pretend that there’s something new there. Don’t pretend that centralized, VC-backed corporations, with leaders and founders, who have given themselves lots of tokens, and who plan to dump those tokens on suckers are beneficial. Don’t pretend they’re democratic, peer-to-peer, or decentralized innovations in a “new world of finance.” They are nothing of the sort. They are destined-to-fail frauds. And you probably know it — or at the very least you suspect it. So stop fooling yourself.
Look at the empty and broken promises of the crypto space. Look at the lies of the characters who have managed to get rich. They have not done so by enriching the world and others, but by selling something worthless on a false promise that got everyone who bought into it wrecked.
If you’ve been fooled, I’m sorry. You must hold yourself accountable to yourself for your mistakes. If you were naive, learn not to be the next time. If you were greedy, own up to it.
And, if you are still thinking “I’ll find the next one and this time get out early enough” admit that you’re trying to get rich by dumping something on someone else who will get poor from listening to you, and then ask yourself “do I want to be such a person?” Maybe you do. If that’s the case, there’s nothing more for you in here. Go on pretending and see if you can fool others before you get fooled yourself.
But if you actually want to participate in something that helps you and your fellow human beings, I’ve got good news, but you’ll have to stop fooling yourself about one more thing. And that lie you need to stop telling yourself is that you missed the boat on Bitcoin. Because that boat has not even started to pull away from the harbor yet, let alone gone out to sea, or arrived at its destination.
“Look at how expensive a whole bitcoin is, ” you might worry. Well, for one, it takes 30 satoshis to add up to just one cent right now. That’s the base unit of Bitcoin. You can still buy 30 of those for a penny. However, this is only a minor point.
Because do you know where the good ship Bitcoin is headed? It’s not to $100,000 or $1 million a coin — not even $10 million or $100 million. Where we’re going, they don’t have dollars. We’re going to the future. And you don’t have to look too far into the past to see that the dollar’s future is in big trouble, because the incompetent, corrupt, and dishonest people who administer that centralized shitcoin project are trying to fool you and to fool themselves with claims that everything is fine, when the house is actually on fire.
In the future, there truly are no people in charge of the money. It’s not a battle over who can seize power over some territory and then use that power to print money for their armies of soldiers, bureaucrats, and tax collectors to seize the wealth produced by those who do actual work.
Look around though. That’s not the present. So you haven’t missed the boat. But if instead of getting in that boat — way early still — you’re pretending that a jpeg of a rock or an ape is the future, or that some staking, algorithmic, yield farming, smart contract blockchains do anything besides fooling people into investing in them, well then, stop fooling yourself!
Bitcoin is here. It’s waiting. It’s waiting for you. Come aboard and experience what it’s like to stop fooling yourself, and to stop fooling others, and to stop fooling around.
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Thoughts on Bitcoin from the Swan team and friends.