X @Ignas | DeFi

Crypto Market & Ideology - Crypto, initially libertarian, is shifting conservative as it becomes institutionalized [2] - BTC's original goal of usurping big finance failed; big finance has usurped crypto [2] - Stablecoins have better PMF than banking due to legacy banks' slow and expensive nature [2] - Stablecoins, upon scaling, risk control shifting to issuers like Tether, creating a new cabal [3] - Stablecoins are likened to Napoleon's role in the French Revolution: despotism hiding behind cries for liberty [3] Financial & Political Commentary - Crypto, since Trump, has ironically become a pro-establishment game [1] - The EU/IMF pushed Greece to accept outrageous loan terms despite the Greek people voting against the bailout in a referendum [1]