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Sers, my hat is in hand
I am humble boy from humble home
I spend time looking, watching, learning, learning, learning
all to see where the future will taketh us
And sers, when I see it in mine mind...
I only see $RUNE
More
https://abs.twimg.com/emoji/v2/... draggable="false" alt="👇" title="Rückhand Zeigefinger nach unten" aria-label="Emoji: Rückhand Zeigefinger nach unten">
I am humble boy from humble home
I spend time looking, watching, learning, learning, learning
all to see where the future will taketh us
And sers, when I see it in mine mind...
I only see $RUNE
More
Sers, I talk to you a lot about friction
I am not meaning THAT sort of friction sers... no no no
Not the sort 13-year-old boys care so deeply about
Forgive
I am meaning the heavy friction of modern finance
2/x
I am not meaning THAT sort of friction sers... no no no
Not the sort 13-year-old boys care so deeply about
Forgive
I am meaning the heavy friction of modern finance
2/x
Over centuries it has gotten weighed down, corroded + made slow to change
Its joints can hardly bend
And it can hardly lift its head to see tomorrow
Not to mention two years hence
Sers, the magic of crypto is it erases friction
3/x
Its joints can hardly bend
And it can hardly lift its head to see tomorrow
Not to mention two years hence
Sers, the magic of crypto is it erases friction
3/x
It makes it possible to transfer value in seconds not days
There is no one in the middle of the transaction sers
It is instant and infallible
This is so much better than the old machine, that soon the old machine may grind to a stop for good
It does not matter though
4/x
There is no one in the middle of the transaction sers
It is instant and infallible
This is so much better than the old machine, that soon the old machine may grind to a stop for good
It does not matter though
4/x
The point, sers, is that there is a lesson in the machine
There is a lesson in crypto& #39;s innovation
And it is this: the elimination of friction is of paramount importance
I say that you in all earnestness
5/x
There is a lesson in crypto& #39;s innovation
And it is this: the elimination of friction is of paramount importance
I say that you in all earnestness
5/x
Because I believe there are - at this very moment - men & women who do not see the importance of eliminating friction
They think perhaps the world of the future will be one where humans have 12 or 13 browser wallet extensions to house their 20 to 30 most-beloved cryptos
6/x
They think perhaps the world of the future will be one where humans have 12 or 13 browser wallet extensions to house their 20 to 30 most-beloved cryptos
6/x
Or they think that all cryptos will be pegged to $ETH
And that it will never be important to actually hold REAL $BTC or REAL $DOT or REAL $XMR or REAL ANYTHING for that matter
But sers, when I think of a human who must download even 2 crypto wallets...
7/x
And that it will never be important to actually hold REAL $BTC or REAL $DOT or REAL $XMR or REAL ANYTHING for that matter
But sers, when I think of a human who must download even 2 crypto wallets...
7/x
I feel the despicable bile riseth in mine throat
See sers if my theory on friction is true
.... that it matters above all else...
why then, we are hurtling toward a future where 1 wallet is all humans will ever want or need
8/x
See sers if my theory on friction is true
.... that it matters above all else...
why then, we are hurtling toward a future where 1 wallet is all humans will ever want or need
8/x
If you can believe that sers you can believe that having multiple DEXes is bad friction, too
No I cannot believe we will have 13 DEXes serving many dozens of chains
We will not have the "Uniswap of $DOT" + the "Uniswap of $BNB" + the "Uniswap of $ADA" + ad infinitum
9/x
No I cannot believe we will have 13 DEXes serving many dozens of chains
We will not have the "Uniswap of $DOT" + the "Uniswap of $BNB" + the "Uniswap of $ADA" + ad infinitum
9/x
We will have 1 wallet
And we will have 1 DEX
And there, we will be able to trade anything and everything
We will trade across blockchains
We will trade without permission
We will trade whenever the f we please
10/x
And we will have 1 DEX
And there, we will be able to trade anything and everything
We will trade across blockchains
We will trade without permission
We will trade whenever the f we please
10/x
And we will do it without surrendering custody of our hard won wages to some 3rd party full of well-meaning but incompetent chubbies in an unknown jurisdiction
This is why I am as they say "bullish" on this crypto $RUNE
It is a DEX that will support ALL assets
$ETH...
11/x
This is why I am as they say "bullish" on this crypto $RUNE
It is a DEX that will support ALL assets
$ETH...
11/x
... $BTC, $BNB, $XMR, $DOT and on and on
It will be the ultimate slayer of friction
It will be the destroyer of deformities (otherwise known as "pegged assets")
Of course, I have been worried for a time that even $RUNE would require us to use more than one crypto wallet
12/x
It will be the ultimate slayer of friction
It will be the destroyer of deformities (otherwise known as "pegged assets")
Of course, I have been worried for a time that even $RUNE would require us to use more than one crypto wallet
12/x
And then, sers, $RUNE suprised me with their recent missive. They are working on a new cross-chain crypto wallet with another team
https://twitter.com/thorchain_org/status/1331532873921220608?s=20
13/x">https://twitter.com/thorchain...
https://twitter.com/thorchain_org/status/1331532873921220608?s=20
13/x">https://twitter.com/thorchain...
Oh
they have seen the light
They will smite out friction
The proof as they say is in the poutine, ser
And $RUNE has much proof
much poutine
They just launched a multichain testnet with support for $BTC + $BNB
https://twitter.com/thorchain_org/status/1326492144308166657?s=20
14/x">https://twitter.com/thorchain...
they have seen the light
They will smite out friction
The proof as they say is in the poutine, ser
And $RUNE has much proof
much poutine
They just launched a multichain testnet with support for $BTC + $BNB
https://twitter.com/thorchain_org/status/1326492144308166657?s=20
14/x">https://twitter.com/thorchain...
They have hinted about liquidity for other tokens like $XHV
https://twitter.com/thorchain_org/status/1331601712386248704?s=20
16/x">https://twitter.com/thorchain...
https://twitter.com/thorchain_org/status/1331601712386248704?s=20
16/x">https://twitter.com/thorchain...
They are already building a bridge for $RUNE + $ETH (to prepare for that most glorious day when they add $ETH support)
https://twitter.com/thorchain_org/status/1331044813198639106?s=20
17/x">https://twitter.com/thorchain...
https://twitter.com/thorchain_org/status/1331044813198639106?s=20
17/x">https://twitter.com/thorchain...
They will make moving between blockchains so simple and so convenient that we will never need to use centralized exchanges again
Now, I know some of you don& #39;t believe it
But humor your humble chubbie and
let me tell you what I envision
18/x
Now, I know some of you don& #39;t believe it
But humor your humble chubbie and
let me tell you what I envision
18/x
I envision $RUNE absorbing billions of dollars in liquidity
It& #39;s already happened on $BNB
See, $RUNE& #39;s trading platform Chaosnet is live with just one blockchain today: #Binancehttps://abs.twimg.com/hashflags... draggable="false" alt=""> Chain
19/x
It& #39;s already happened on $BNB
See, $RUNE& #39;s trading platform Chaosnet is live with just one blockchain today: #Binance
19/x
And already, $RUNE& #39;s Chaosnet processes 10x the volume of trades on Binance DEX. In just three short months, its absorbed $5 million in $BNB tokens into its trading pools and another $6 million or so in other BNB tokens
20/x
20/x
Combine those two and you& #39;re looking at about 0.2% of BNB& #39;s total market cap
And remember, there is a formula for $RUNE& #39;s market cap (this formula sets the floor for RUNE prices):
Multiply every $1 of non-RUNE that& #39;s pooled on $RUNE& #39;s trading platform x 3
21/x
And remember, there is a formula for $RUNE& #39;s market cap (this formula sets the floor for RUNE prices):
Multiply every $1 of non-RUNE that& #39;s pooled on $RUNE& #39;s trading platform x 3
21/x
So for every $1 of BNB, $1 of $RUNE must be pooled and $2 of $RUNE must be bonded
I know... it is much to take in
And we are only at the beginning
If $RUNE captures just 0.1% of $BTC in its pools over the next year, it will have captured another $351 million in value
22/x
I know... it is much to take in
And we are only at the beginning
If $RUNE captures just 0.1% of $BTC in its pools over the next year, it will have captured another $351 million in value
22/x
Now let us remember our formula
That means $RUNE& #39;s market cap must be $351 million x 3
Sers, I am not exemplary at numbers, but I believe that& #39;s $1.053 billion dollars
Sers, today, $RUNE& #39;s market is just $200 million dollars
23/x
That means $RUNE& #39;s market cap must be $351 million x 3
Sers, I am not exemplary at numbers, but I believe that& #39;s $1.053 billion dollars
Sers, today, $RUNE& #39;s market is just $200 million dollars
23/x
And we have not talked about other blockchains like $ETH yet. Or $DOT. Or $EOS. Or $ADA. Or $BCH $LTC $XRP $XLM $TRX $XMR $ATOM $NEO $DASH $ZEC...
And on and on and on
And we have not talked about what happens if $RUNE absorbs MORE than 0.1% or 0.2% of some network
24/x
And on and on and on
And we have not talked about what happens if $RUNE absorbs MORE than 0.1% or 0.2% of some network
24/x
Sers, it makes me chest feel tight to think of wild numbers
of 1%!
of 2%!
of more!
Is such a thing possible?
Why, perhaps, sers, perhaps
Uniswap, for example, had as much as 2.5% of all $ETH locked into its pools just a few weeks ago
2.5%!
25/x
of 1%!
of 2%!
of more!
Is such a thing possible?
Why, perhaps, sers, perhaps
Uniswap, for example, had as much as 2.5% of all $ETH locked into its pools just a few weeks ago
2.5%!
25/x
How much more is locked on centralized exchanges by traders who might actually move it onto $RUNE once the bulk of trading goes decentralized?
This sers is the question that keeps me up at night
And if I may be so bold...
Sometimes I even think wild thoughts like this
26/x
This sers is the question that keeps me up at night
And if I may be so bold...
Sometimes I even think wild thoughts like this
26/x
I think, what if the crypto markets grow to perhaps $3 trillion like your humble servant believes they might?
What if $RUNE capture 1% of that, sers?
Why $RUNE would be worth 450x more than it& #39;s worth today
Sers, it maketh me palpitate
27/x
What if $RUNE capture 1% of that, sers?
Why $RUNE would be worth 450x more than it& #39;s worth today
Sers, it maketh me palpitate
27/x
What would I do if such a thing came to pass?
Why sers, I am a humble man
Perhaps, you would see me in clothes without holes around mine elbows
Perhaps, I would buy a home... something small and reasonably sized
28/x
Why sers, I am a humble man
Perhaps, you would see me in clothes without holes around mine elbows
Perhaps, I would buy a home... something small and reasonably sized
28/x
Perhaps, I would get my mother teeth, sers, white, beautiful teeth
But the truth is, I do not really know
but I know the possibilities
are endless
But the truth is, I do not really know
but I know the possibilities
are endless
