We like to say that crypto enables programmable money, but what that means is that money can be reactive - it can move, adapt, and flow in real time. 

Stablecoins let us trace the flow of dollars in real time. Blockchains make velocity observable.

Money becomes data and memory.

Unlike businesses that simply sell products, in networks users create much of the overall value. 

Ownership makes it possible for them to get a piece of the value they create. 

Equities reward capital while cryptocurrencies can reward contribution.

New ways for value to flow.

You might not still be completely early to Bitcoin but you're still early to what it unlocks. 

Who gets the inflation?

Fiat rewards sitting close to the spigot, Protocols (should) reward behavior that benefits the network. 

I'm an emerging markets investor. 

In cryptoeconomies 😏

Everything is cycles. 

One cycle we're in is the ending of a long term debt cycle. 

Another is a shift from internal order to disorder. 

Crypto may not always be winning in Silicon Valley, but it's winning in Istanbul, Lagos, and Buenos Aires. 

Exit can mean survival. 

All investible assets are in competition with one either, just like any other resource. 

It seems inconceivable and then it happens. 

what if i told you @bob has curated the most vibrant crypto group chat? 

and that every friday we all wear our farmer hats and share pics of our pets and earn weekly yield. 

for the rest of our lives. 

would you believe me?

Yield bearing hats, with friends. 

deptofagri.com

A lot of value capture in the financial world comes from restrictions - both technological and regulatory.

Crypto is borderless. And we have barely started exploring different ways value can route.


The best investments and business are the ones that:
- Everybody needs
- Can't be stopped
- Most people don't understand yet

Cash flow generating, deflationary, bearer assets. 

The best cryptoeconomic systems turn individual greed into collective value. 

Farcaster

Congrats friend it looks great, happy to have one.

Sean C

@cove