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I am not much different than most folks on this subreddit, I've been filled with hopium and hodeled many a coin. I have finally taken a few hundred hours of my personal time to learn the Solidity smart contracting language that runs the Ethereum smart contracts and has been cloned onto many other blockchain networks.
First I have completely fallen out of love with 95% of tokens out there. I think subconsciously I always knew they were crap. But after actually writing the ERC20 interface implementation out a few times myself it kinda makes you feel weird that a 32 byte integer in memory can be worth billions of dollars.
When people ask me about crypto I try to surprise them and say I have no interest in the ponzi tokens but the ethereum network is revolutionary. And if they ask me what tokens I own I will say I own the ethereum token because I really like using the ethereum network. But after that I just kill the conversation and move it to another subject. It's still too early to try to show them what this software can change because most people are resistant to change and typically become hostile and combative.
Now on the subject of securities… Before you throw your shoes at me, give me one second to explain. Why are we so ashamed of this word? I am in love with uniswap but the governance token has always felt like a security. And if it was a security I would be so happy to buy it. Shouldn't we just embrace the concept that some of these tokens are securities and some of these tokens are not?
It seems like the sooner we admit to the boundaries we can stop worrying so much about the looming threat of big daddy government and give up a cut so we can still have fire departments and roads.
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Manage all your crypto, NFT and DeFi from one placeSecurely connect the portfolio you’re using to start.
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