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The Tale Of Two Toxic Cities: Tokenville and Maximalville
As we witness the predictable cleansing of DeFi, NFTs, and Shitcoin Banks (Exchanges), it is necessary to examine the thinking which brought us here. Why, if bitcoin truly stands alone, has it followed and at times led to the current deleveraging phenomena?
Toxic Tokenville And Toxic Maximalville
The fundamental scam of The Crypto World is premised on the Keynesian notion that money creation creates wealth. In Tokenville the citizens and its culture look for the next bitcoin, a blockchain better than bitcoin, or a blockchain with a use case apart from bitcoin.
Tokenville voices altruistic goals like “banking the unbanked”, distributing wealth without work or production of wealth, and arbitraging the declining value of created spirit assets from pump and dump schemes, aptly called in today’s lingo, virtual assets.
Tokenville displays an incredible inability to learn that bitcoin is a unique innovation because it is the longest and most secure chain (blockchain)with proof of work, a fixed limited supply, decentralized, easily transferrable between Nations, divisible, and unconfiscatable so long as you alone hold the private key. The fundamental goal in Tokenville is to make bitcoin less than what it is and make banking more than what it is.
