ARCHIVE (originally posted on Revue Jun 21 2022). High-grade loot area. Edge food for thought. Biased takes on what we refer to as “real life”.

Issue #1: Intro

Sup gees. So, I haven’t been publishing personal takes on technopolitical matters for quite some time now - something you enjoyed the most since day 0, and the only reason I got to become a writer in the space. With all the stuff that happened and is about to blow with RareCandy3D and ONETHER.DIGITAL, as well as my job-hopping journey for the last couple of years on projects like CertiK, Outlier Ventures, Dapp Radar, and others, It’s been difficult to find some proper time, and most importantly the mental state to unconditionally express myself.

With this newsletter, I am trying to stay ahead of the curve - god help me out here - while sharpening my thought-processing capabilities by tackling publicly some of the most troublesome ideas circulating in my head.

I hope this will serve as a cup of educational content, web3 insights gateway, and debate starter, with a twist of internet native fun & entertainment.

If you’re reading this, thanks for the support and for being linked to ross peili plus ultra 5G platinum star man certified.

Let’s get this party started! 🥳

Spoils of the week! 💰

First things first. We can’t avoid talking about the current market conditions, yet I’m not gonna be like “omg it crashed make fiat great again”. 😑

If you weren’t around for at least 5 years, this wouldn’t make any sense, no matter how many articles you read, youtube videos you watch, or BBC news anchor NFT experts you follow on Twitter.

There’s just so much that goes into a crypto cycle that’s almost always, and almost always on purpose, left out of the shiny headlines. Now I am not a financier or a banker here - These guys clearly believe, or at least they try to make you think that they believe that blockchain web3 NFT crypto wagmi is the new banking revolution, when IN FACT, it’s the actual death of the banking system. ⚰ RIP

To elaborate on that on a rabbit’s tempo, I don’t care how many years one has in banking, how many followers they have on TikTok, or how important their position with the IRS, SEC, or IMF is. I talked to almost all of these guys, and there is one common thing they all share: they have no clue about blockchain, how it works, and why it is actually important.

I see friends and family who like 2 years ago would tell me crypto is a scam, now running to their tax agent to share their profits of some trash solana NFT they flipped. Worst part? tax agents and accountants and lawyers (all the old outdated as fuck and dying professionals) are playing the web3 expert card, promising a seamless transition and reporting of your virtual assets.

The thing is…I don’t need to report shit to anyone. That’s the basis of what crypto tech stands for. I mean it’s all reported on-chain, if any of these mfs could read Etherscan they wouldn’t even bother me at all. Yet, these self-proclaimed experts will try and tell you that you do have to show them exactly what you do in this internet rabbit hole, how you do it, and how you can pay them - or better share some of your profits - if not half of them.

Not gonna go into depth - long story short - fuck ‘em. If you wanna share your hard-earned food with a dying species, be my guest, but don’t tell me I didn’t put you in your thoughts before you make that decision. 💭

Back to the point: current market conditions are just fine. If you follow me on Twitter, you’ll remember me tweeting multiple times throughout the so-called bullrun, and if not here’s a sum:

BTC would reach $35k-$40k in 2021 tops before retreating to $15k-$18k in 2023.

So it’s 2022 and we already saw BTC at $69k at its new ATH and $18k just last week. Is this the end? I don’t think so. 😎

What’s important here to understand, no matter how “PRO” you think you are, is the fact you can only comprehend why and how BTC, and by extension crypto, cycles work if you’ve been active 24/7 for at least an entire halving cycle - -not just the 240k blocks but the year before and the year after.

To avoid complications:

BTC halving = more processing power to solve the same mathematical problems that safeguard the integrity of the entire network is required. At the same time, half of the rewards in terms of BTC are awarded to solvent.

The halving happens every 240k blocks, or approx. every 4 years. The last halving happened in 2020, hence the bullrun of 2021.

Some of you smartasses might ask: but rosspeili if the halving happened in 2020, why didn’t the prices pump back then? 🙄 - good question anon.

The reason is simple. When the halving happens, there are still lots of BTC circulating and being marketed by miners from before the halving - hence with old conditions/pricing. When all of that is gone, miners start to sell newly minted BTC (post halving) which apparently cost x4 times more to generate = and will be sold at least x4 times more expensive than the pre-halving BTC. The math is not accurate but you get the point: eg. you needed to use 1 processor to generate 1 BTC before halving. you need 2 processors to generate 0.5 BTC after the halving.

That naturally means that in order for miners to retain the sustainability of operations they would have to charge much more for the new BTC. Simple logic.

There are obviously more reasons that drive the price, including if not mainly marketing and propagation practices, as well as newcomers that join the train by the minute, even as you read this. So that makes x4 to become x10 with no sweat during a bull market (or approx. a year post halving - depending on supply and demand).

Wanna stay ahead of the curve? 2023 will be the bottom of all prices and people who bought at ATH will cry, but it will be an opportunity to accumulate your future assets. Not your short-term vacations, YOUR FUTURE assets. Since the next halving should naturally happen midway through 2024, I can only assume we will feel its effect sometime in 2025-26 when we can see a BTC bartering around $150k-$450k solely based on halving parameters + the current energy crisis aspect, which makes mining an even heavier business to find yourself in, in terms of expenses + vivid speculation.

Obv. not financial advice, just food for thought. Do NOT trust anyone who goes by “expert” on Twitter. Just think for a moment, and it will all make sense. the rest is just buzz trying to grab your attention into some shitcoin or make you panic sell BTC, ETH. Don’t. 💪

🐍🧬♾

There is a lot of advice I would like to share based on personal experience after 6 years in the space, but I’ll let you some cake for the next drop!

This is my first Twitter newsletter, please do let me know how it feels, and what topics you’d like me to go through in the next ones. My DMs are open to anyone, including fake simp NFT Chinese ladies. 😪

Till then, hugs.

V