Bitcoin

BTC is 5% from ATH and retail search interest is lower than the 2022 bottom

what does it mean?

incentivizing things @ poidh.xyz - come chill /poidh + follow @poidhbot

crypto

Sometimes I wonder if people don't realize the extent of how crypto's reputation is absolutely 𝒄𝒐𝒐𝒌𝒆𝒅 outside crypto circles.

Large overlap with the "AI sucks" people. However, that one will fade as AI has obvious use-cases for individuals and groups which don't require network effects to be successful. AI will succeed and the "AI sucks" people will be seen as luddites, path-independently.

Crypto however - at least the originally-intended version as democratized peer-to-peer money - can only succeed with network effects going its way. Same goes for a network like Farcaster, where we can see from this thread that crypto's reputation is a large reason why folks aren't being invited here.
https://warpcast.com/dwr.eth/0x51d1875b

Trust and reputations are difficult to rebuild. I worry it may be too little too late.

The scenario I fear most is the one where crypto is relegated to boring settlement backend tech for tradfi, providing none of its promised self-sovereignty benefits to individuals.

Institutions are here, retail reputation still in the dumps

Contributor @ /walletbeat.

Censorship resistance requires privacy.

I agree, but at the same time I find that this type of attitude is part of why said reputation is what it is. Dismissal isn't inviting.

well hey they gonna buy at the price they deserve 🤷‍♂️

Institutions are here, retail reputation still in the dumps
https://warpcast.com/polymutex.eth/0x8af549d7

It means we’re nowhere near the top yet