X @mert | helius.dev
mert | helius.dev·2025-09-01 11:03
Fundamentals vs. NarrativesIn a highly connected system, the thing that spreads the fastest winssee: COVID, fake news, viral memesThe Internet is a highly connected system — the financial system is notThe latter has circuit breakers, markets/banks close outside business hours, and inefficiency is a featureBut crypto connects the financial system with the internet, and so makes the financial system highly connected as wellBut in a highly connected system, speed of spread dominates, so fundamentals start matt ...