Thread by @notsofast

Sure let's make some predictions for the next $crypto bullrun:

1a. GPU-algo PoW chains will have a hell of a time dealing with the sudden hashrate dropoffs from auto-switching to more profitable jobs than $mining, until an equilibrium is found, which will take awhile.
What kind of jobs? ML, AI, rendering, AWS compute competing...

1b. This'll lead to chain attacks whereby fake jobs are posted to deliberately lower a chain's nethash and thus the threshold to attack it.
ASIC PoW networks won't have this substitutability so they won't be vulnerable to this vector.

2. Underlying network value will come to the fore as a speculative pivot. 99% of tokens, whose only underlying value is their business proposition, will be relegated to the p&d penny stock market: barely relevant and little real money to be made. Regulation completes the squeeze.

3. Informational access will be overvalued. Example: @CoinMarketCap-listed coins will pump harder because it'll be the main way people know about them in the first place. Legacy shitcoin pumps will shock and disgust you.

4. Institutional money absolutely will trickle down from the Big #Altcoins: individuals at those institutions trying to outperform them, or sell a personal bag to their institution, is one of countless human greed vectors hurdling over low barriers.

5. #Bitcoin USD marketcap may not get a flippening, but something will come close. Why? Most institutional trade won't be on spot $BTC, but ETFs and artificial instruments used to neuter the market like with gold. A coin with no derivatives has no such ceiling. Get ready to flip.

6. ERC20 tokens trading on DEXes will see MASSIVE captive-supply pump-and-dumps after their parent network is spammed so arbitration transactions can't get through. This will also be done to centralize control of a given project's token and hostile-takeover the project.

6b. This won't be a surprise to anyone familiar with #Yolobit. Everyone else is gonna see their favourite token projects make some very strange pivots in their business propositions afterwards.

*arbitrage not arbitration #duh #sorry