I bet you know the famous phrase : "Nobody ever got fired for buying IBM" One thing I also bet you don't know is that it doesn't refer to IBM stock, it refers

I bet you know the famous phrase : "Nobody ever got fired for buying IBM" One thing I also bet you don't know is that it doesn't refer to IBM stock, it refers to the mainframes. Crypto people should stop looking at marketcap as a confirmation that what they are building or are excited about is something of value. Xiaomi is a company incorporated 3 years after BTC whitepaper and it's ubiquitous in millions of people's lives. At the end of the day people want a tangible product or a service, the model which has people trying to build a sociopolitical movement (and use marketcap as a gauge of its health instead of votes) is flawed because Power Law in a sociopolitical movement is even more skewed than wealth distribution in a company. Just look at the US: only a handful of political roles really matter: 1) POTUS 2) Speaker of the House 3) Majority leader 4) Supreme Court Justices 5) Chair of the Fed 6) Secretary of Treasury 7) Secretary of Defense 8) Secretary of State 9) Joint Chiefs 10) Mayor of NYC In crypto it's even worse. You have Satoshi, Buterin and Musk