Oceans of Wisdom

it feels better than the government fighting BTC

it is good for price, i accept that

it is all ultimately under the control of the US government

but do you really want that much BTC in one place?

fantastic at security

best operators in the space

I think Coinbase are awesome

US government, Microstrategy and 8 of the 9 ETFs are all going to be custodied at Coinbase

where a lot of BTC Maxis are actively full pushing for the US government to own a huge amount of BTC

and here we are in 2025

it was super clear by 2021 where we would end up

that does not have long-term centralization tendencies

you can actually build a decentralized layer

first tweetstorm

https://x.com/punk6529/status/1423370458494341129

'it' is this

and what is 'it'

there are some path dependences in the universe

'no, no it is not going to happen otherwise'

'well, but is it going to happen otherwise?'

'fuck, though i am busy'

'yup, i need to do it myself'

'do i really need to do it myself?'

i was like 'oh shit, I am going to have to do this myself, huh'


so after a lot of time thinking about it

and the high end of the dialogue was these 1/1s and gen pieces are nice

the low-end of the dialogue was watching beanie and art chick fight or "fight" about nonsense

because nobody understood anything

and i followed everyone and read everyone and it was all max painful

and if so, great, I have a busy life, I could just watch and enjoy and support from the sidelines

and was planning to do this

looking to see if anyone else understood this

in NFT twitter

and I spent 6 months lurking

I just knew that it could be done

i did not know *exactly* how it could be done

and they still kindof do

and literally every single crypto OG (through my work I know almost all of them personally) looked at me like I had lost my mind

and I said "ah, oh shit, ha ha ha ha ha, we can do it all now, this is the way"

Jan 2021 to summer 2021, I played around with NFTs enough

if I arbitrarily said we are going to i dunno post our vacation days as hashes in OP_RETURN in BTC using a domain specific language to do so, sure you can literally do it, but it is stupid, it is worse in every way than "write them to MySQL"

but "how to do it in a way that a rational person or organization would voluntarily want to do it"

and to be clear, i do not mean "could I not figure out how to FORCE it in"

and i could not figure out how to do it

wanting to do more decentralization stuff

here i was hyper decentralization maxi

1 year later neither the fairly large audience nor I had any ideas

so we are using BTC to do more things

and I challenge the audience to bring me ideas by next year