Markets are in a full blown PvP action. Well, to put simply, we’re all currently fighting over a pie that just keeps getting smaller since prices are trending down/sideways and most of the ecosystem isn’t growing very much at the moment. Furthermore, this throat cutting environment is also being seen in the off-chain realm.
People around the world were stunned and shocked as Russia officially declared war on Ukraine and started their invasion. Of course, we’re no geopolitical experts nor intent to opine on the conflict itself but rather expand on Vitalik’s take. Ethereum’s credible neutrality lives by the following principle,
https://twitter.com/VitalikButerin/status/1496695587495981056
*When building mechanisms that decide high-stakes outcomes, it’s very important for those mechanisms to be credibly neutral. - ***Vitalik Buterin
Essentially, a mechanism is credibly neutral if just by looking at the mechanism’s design, it is easy to see that the mechanism does not discriminate for or against any specific people. Ethereum is for everyone, everywhere! It seems that people are too focused on the present, instead of the future of web3.
Don't stay fixated on any market abstraction. Zoom out, practice some second order thinking and most importantly, stay safe on- and off-chain.
Figure 1 - Portfolio decomposition by strategies deployed.
Figure 1 - Portfolio decomposition by strategies deployed.