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Speaker A: To the extent we make crypto useful for the world and our values are manifest, right, our bags will go up, but it doesn't happen like, overnight.
Speaker B: I think. I think Twitter is especially this, like, nihilist space where, like, there is no values in crypto, there's only money. Like, crypto. Twitter is also, like the highest place of conversations. Like, that's where the action happens, that's where the activity happens, that's where the alpha happens. And so if you're here for the money, that's where you are. But if you're here for the tech, you're on, like, much slower places, like the ethereum, magicians, discord. Right. Or like forums. And so, like, I think Twitter itself just bends towards the people who are here for the money the most and who are the most nihilist, probably.
Speaker A: Can I just make a distinction? Because, like, I truly am here for, like, the money as well. I mean, bankless has always been about investing on the, like, going bankless. It's about wealth creation. Like, I think there's another slice of things where you can get, I'm only here for the tech, and I don't think that's true.
Speaker B: That's also unsustainable.
Speaker A: Yeah, the money is the tech. This is social technology. It's like we're creating new store of value in a new banking system. Of course we're here for the money. Right. But not just the money. That's all I'm trying to say is, like, if we're only here for the short term games and the pontification of everything and the pyramid schemes, and we're not creating long term value, long term wealth creation, then it's totally empty to me and I'd rather not be in this space. I don't know why I'm here. I could go. Remember we had that conversation with Sam Bankman fried a long time ago, and.
Speaker B: He was like, I don't care about decentralization.
Speaker A: I could make money on trading orange futures, the prices of fruit. I don't care how I make money. I'm just here to, like, make the.
Speaker B: Maximum amount of money currently trading mackerel. Did you hear that story?
Speaker A: No.
Speaker B: Oh, yeah, he needed to get a haircut, so he had to, like, get some mackerel to pay for a haircut.
Speaker A: The fish.
Speaker B: Jail money. Yes, jail money. Anyways, that's a divergent. We'll talk about that. Let me. Yeah, that's a true story. I think, like, the topic of money is kind of an interesting litmus test, I think, like, when you and I, when you and I are faced with a prompt, money. We've done content on this. We think ledgers, anthropology, culture, writing, precious metals, the history of money. Money as a philosophical concept, because that's interesting. Technology. Money as a technology throughout time is a way to accept that prompt of money. And then other people take the prompt of money as, like, charts, ta, narrative trading, stuff like that. And so money, people will look at money and it will reflect back at them many different things. Yeah.
Speaker A: I think that there's a third way to, like, you can do the philosophical, you can do the short term trading, which is what this defi MoCA accounts. But the third way is, like, as a long term investor, right? Like, number go up over time. That's great. If ethereum is successful, it will be over well over ten k. It will be worth trillions of dollars. And I think that is fantastic. I think it's the best wealth creation event that our generation will see in their lifetime. And there's no shame in that. But that doesn't mean that's the only reason we're here, you know? Like, and it's not. It's. I actually don't want to be in this crypto thing if we're not creating something of value for the world and for future generations, because it's back to that 2017 Vitalik tweet. Like, we've done all these things, but have we earned it?
Speaker B: Right?
Speaker A: Like, I think there's a way to, like, earn the value, like, the actual wealth creation of our assets. And I think it's just a time horizon thing. Short term versus long term time horizons.
Speaker B: Yeah. You know the term in, like, the genealogy of humans, homo habilis. Like, I think it was the. I think maybe it's us or maybe the humans that came before us. Habilis. Like, homo habilis is handyman, as in, like, they started using tools, and this is like the birth of technology, right? There's, like, this thought concept of something alternative called homo economicus. Economicuse, which is like, economic man. Every single person has economic calculus that they run in their brains at all times, right? Like, in the dating market, right? Like, you're. Everything is a market, right? Like, I want to go for lunch. Which sandwich do I get more value from? Which mate do I get more value from? Everything is like an economics conversation. And so, like, invisibly, everything is an economics calculus to a lot of people. And so when they come to crypto, like, we are homo economicus, we come into crypto and we start doing economics calculations inside of our brain. And I think a lot of people on Twitter with this, like, you know what else is distorted in crypto? Like money. It goes up by 100 x really quickly. That's very distorting. Right? Like, the narrative of X of Twitter, where this conversation is about these things is also very distorting. Everything just gets really distorted. And so I think in the era of rage machines that are our web two protocols, we get a distortion of what it even means to be here for money, and it ends up, I think, just defaulting to nihilism a lot.
Speaker A: There you go. All right, guys, so those are the takes a little self indulgent this weekend, I think, talking about our own problems and Twitter.
Speaker B: And I've got another problem. I've got another problem. I opened up this conversation was like, I have no idea how many of the podcast listeners are going to, like, be interested in this Twitter related content, or they're like, what the you guys talking about? I also don't know how to get that answer from them. How do they tell me? I don't give a shit about your guys's Twitter drama. Move on. I don't know how to receive that because the place I would go and get that information is to Twitter. Hey, what did you guys think of the episode? And that's not who I'm trying to get feedback from right now. I'm trying to take a timeout from Twitter.
Speaker A: Are you really? Are you going to delete that? Are you going to take a break?
Speaker B: No, I already took my break.
Speaker A: It might be in a healthier state if we do. Bankless nation. Thanks for hanging with us. Got to end with this. Of course, crypto is risky. So is social media. My God, you could lose what you put in. But we are headed west. This is the frontier. And your mental health, it's not for everyone, but we're glad you're with us on the bankless journey. Thanks a.