1/ Decentralization is a myth that will never lead to mass adoption. We’ve used this myth to make us feel better about gambling with cash grabs (pump and dump tokens/NFTs). DAOs/token-gated communities that don’t generate revenue are not the future of tech. Most are ponzis..

Shout out to anyone still grinding smash karts

Congrats to everyone who is still around and writing threads that no one reads 💪

We need loads more alpha groups and tonnes of jpeg projects

GY (Good Year)

You call this a bear market. I see everything valued as it should be.

The Crypto Crash & Your Mental Health: 7 Signs That You Should Go To Therapy Ever since the FTX Binance drama began nearly a week ago, crypto prices have plummeted, and mental health symptoms in crypto-native individuals have surged. 🧵👇

Keep in mind that previous bear markets got a lot worse than this. And, those bear markets didn't even have the inflation rates we have right now😬 It might be best to right-click-save for a while 😉

Please don’t tell me Safemoon is back 😭 Even after the @coffeebreak_YT video about it being a complete fraud 😭

Remember when people were telling us to buy $APE coin upon launch while there was 0 liquidity and BAYC holders were waiting to dump? 🤡

Please remember that last year, most airdrops crashed by over 80% even before the market tanked 😉 Act wisely.

The most widespread utility of NFTs right now is the ability to convince gamblers that they care about art.

This tweet has nothing to do with the state of the market. If you know me, you will know I was saying this at the peak of the bull run 😊

7/ Do you disagree? If so, please tell me why - I love when my ideas are challenged 😊

6/ Remember when you could raise $millions for making a mobile app that played 3 different fart sounds? That’s where we are in web3 right now. Do you know how hard it is to make $10k/month from an app these days, when the tech is useful? This is where web3 will get to.

5/ Now the masses are coming here to gamble and get rich. Not to use tech. And soon they will come here to use the tech. At that point, they won’t be able to make much money from gambling. Money will be made by the big companies who can deliver products and generate revenue…

4/ In time, this will come - I believe in web3. But centralized companies which deliver this. They know how to create actual value. Occasional unicorns may pop-up and succeed. But let’s not live in a Utopia where we believe that copy and paste DAOs will onboard the masses…

3/ And when I say value, I don’t mean someone coming in behind you to buy your ponzi’s token for a higher value than the price you got it for - I mean a real product which generates revenue for a real company because someone’s life is improved through that product…

2/ I’m not able to set up one of these projects in the current state of web3 because I wouldn’t be able to stand behind it with a clear conscience. There’s nearly no technological innovation or use case for crypto/NFTs which creates real value for anyone in this world…

So tired of hearing project founders rugging each other, rugging their employees and rugging their communities. Just hope more people come to the space into leadership positions who are fair and a shade less selfish. Don’t start a project if you can’t walk the walk.