My fellow retards,
Phon/ongod walks many roads through the cryptoverse. Projects come and go. Promises are made, empty-eyed project leads stare—no fire, no desire to make a difference. More recent projects (2018-now) are almost all filled with opportunists. It’s very hard to find someone with that burning desire that V had when he launched Ethereum.
Look for that fire. Be not-duped by fancy websites long on buzzwords. Talk to the teams who work their trade. Get a sense for what their community is like. Avoid communities with many thousands of participants where nobody is talking – it’s probably a bunch of bots. Many new projects promise airdrops to community members so you have clowns spamming tons of fictitious entities into their discord.
Generally beware – a wise many once told me that crypto is a Byzantine environment. It’s fine to have friends, it’s fine to have colleagues, but just know that you should only trust that individuals will act in their own self-interest, no matter what façade they display to the world.
Protect yourself. Protect your keys. Protect your signatures. Protect your speech.
Newish people in the Ethereum ecosystem (call them 2018 onwards) believe they have conquered the world. They have made money, they have bought NFTs. They have punked some clowns on twitter by splashing their ownership and wealth.
More long in the tooth crypto individuals see it different. All they see is that these newbies have doxed themselves. They’ve willingly raised their hands and told the world, “hey, I’ve got the wealth, come target me.” Amateurs.
If you want to make it in this ecosystem, keep a low profile. Do your own research. Splash some value on projects that you believe could be profound. You are looking for a 1000x opportunity. If you want 6% per year, go buy the SPY.
To find that 1000 bagger, it will take time, patience, and mayhaps luck.
Luck isn’t much. Taken hyper-logically it’s just high-contrast opportunity. It doesn’t exist until acted on. 100 bucks at your feet isn’t lucky if you walk past it because it might be fugazi. There’s a girl at every bar that goes home unsatisfied because there wasn’t a guy who stepped up to get lucky.
The easiest way to get lucky is to do what the other guy won’t.
While everyone (EVERYONE) in the crypto space is focusing on new L1s or highly scalable L2s, the phonon network skated the opposite way. Everyone zigged, and GridPlus zagged. They went down the stack to the private keys, down to a place where pretty much no other team can compete. Dwarf-type mechanical and electrical engineers who can build hardware and can write code on the bare metal.
Going down to layer 0 lets us imagine crypto in a different light…
Ethereum was wildly successful because Vitalik looked at the ecosystem in a different way. He wasn’t interested in mere transfers, or allows for 45 different functions. He envisioned general compute. Yes, there’s tons of baggage that comes with that, but also apparently billions of dollars of innovation. Which teams are truly trying to do something new and imaginative? Most are building a “better dex” or “better defi” or “more scalable L2” or “some bridge between networks”.
Very few are questioning what we are actually trying to accomplish in this ecosystem and then imagining what they want in a future crypto state. I applaud the innovators behind the Phonon network, it is fundamentally transformative. It allows us to rethink what these systems are. At their base they are private keys and signatures. Phonon lets us realize everything above is an abstraction and its time to build tools SPECIFICALLY for private keys and signatures.
This is the power! Take up the fire and light a future of liberty and privacy!
Join the discord: https://discord.gg/TTfBrVnh
Compilation of phon/ongod posts and predictions here:
[Not financial advice – for entertainment purposes only]
most heartfelt thanks to phononite @hunt_ak for their contributions of creative wealth and memes.
phon/ongod out.