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RYAN SΞAN ADAMS - rsa.eth 🦄
Bankless
@RyanSAdams
Crypto investor going bankless. 🏴
Internet
Joined April 2008
Posts
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    They arrested the developer of tornado cash. 🚨 I repeat: a man was arrested for writing code that served as a public good for people to maintain their privacy online. They put a man in jail because bad people used his open source code. This cannot stand in any free society.
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    11 days ago Eleven days ago we hosted a debate on crypto values w/ a billionaire who was secretly gambling away billions of dollars of depositor funds He was lecturing us on crypto regulation. While committing the biggest fraud in crypto history. How is this real life?
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    When crypto goes on its next bull run…when ETH hits $10k and BTC crosses $150k… They’ll say you got lucky. No. The summer of 2022. That is when you earned it.
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    The internet is just for gambling and porn. (1995) People will never trust a website with their credit card. (1997) Bitcoin is just a tool for criminals and tax evaders. (2015) Ethereum is only good for scam coins and ponzi schemes. (2018) All wrong in the same way.
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    I'll add my debanking story. I was debanked by Bank of America in 2019 for sending transactions to coinbase and operating a Cosmos staking as a service company - just a dear john letter, no explanation. Shortly after my 2 person staking company was sent a letter of veiled
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    Someone has to say it. ETH price at $2.2k is hilarious. Everyone out here trading "what ifs" this cycle when Ethereum has fundamentals. Let my tell you why $2.2k ETH is stooopid. Ethereum now makes $2.7 billion in annualized profits - the only profitable chain - a P/E ratio
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    The SEC is now suing Kraken, Coinbase, Uniswap, Metamask and now Robinhood for the crime of helping regular Americans access crypto. This level of regulatory overreach has destroyed the legitimacy of the SEC and may lose the democrats the election. Voters don't want this.
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    FTX failed because it was regulated by governments not by code. DeFi didn’t fail because it was already regulated by code. Code is regulation.
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    It's not BTC vs ETH. It's crypto vs. the banks.
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    People who are staying in crypto. Why are you staying?
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    This isn’t 2018. In 2018 we didn’t have product market fit. DeFi was nothing. NFTs a blip. Ethereum had no path to scalability or staking. In 2022 we have all this. We’ve just been punched down by macro and self-inflicted leverage wounds. I was fearful then. I’m not now.
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    We either quit crypto. Or double down on this decentralization thing. There's no other way forward.
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    If Vitalik rugs us next I think I’d be done here