Principle Aribtrage – Part I

A position in r/Zenon_Network really boils down to an arbitrage of principles.

You see, on the other side of Bitcoin’s origination was a sea of “easy money” through the prolific use of shitcoins. ICOs, overpromising whitepapers, memecoins, etc.

You get the idea.

Now there is nothing inherently wrong with “easy money.” It can be quite exciting and life-changing (for better or worse) at an individual level when the societal stakes are low. It can even feel like a revolution because we finally get to write our own rules of money with just a couple lines of code and cast it into the ether to see if it sticks.

Essentially, cryptocurrency has “democratized the money printer.” The same type of money printer governments leverage to create their own “easy money.”

Except when our government does it, the societal stakes are much higher.

We need no explanation to understand that a sovereign debt crisis is going to monumentally outweigh the implosion of a Shiba Inu fork or a 90% correction in the NFT market.

We need no explanation to understand that a rapid 25%+ rise in grocery prices is a painful indicator of something awry.

We need no explanation to understand that there is a blackhole of government expenditures with nothing (or even net negative outcomes) to show for it that will obligate more money printing.

This is the civilizational plague that Bitcoin aimed squarely to address in the first place.

Fix the money, fix the world.

And the market has responded accordingly and consistently YoY since its inception leaving a rightful wake of shitcoins in its path.

The principles of Satoshi have been expressed in the code of Bitcoin and as of the time of this writing, the markets have determined that these principles command a 56.2% dominance of the total cryptocurrency market. (2nd ETH @ 15.3%; 3rd USDT @ 5.4%)

In other words, Bitcoin is King.

Note that despite this impressive Bitcoin dominance, all of this is without the core capabilities of the remainder of the cryptocurrency market, expressive functionality (aka smart contracts).

In other words, The King is still without a Queen.

Now many sirens and seductresses have taken to the King’s court, but a wise King knows that the most important attribute of all in a marriage-to-be is an alignment of principles.

A queen-to-be should be born of the same values without compromises along the way.

A queen-to-be should complement her King’s capabilities with her own in a way that operates on the same principles.

A queen-to-be cannot be made overnight nor her credentials made false for the King will be able to see right through it.

Enter r/Zenon_Network

From its anonymous origins, a missionary contributor base, and perhaps the most meticulous infrastructure buildout spanning over 6+ years, only Zenon has achieved the principle parity required to complement Bitcoin.

We’ll cover some of these merits in more detail in Part II and your own convictions can only come from your own research, but the course correction is long overdue since Bitcoin’s inception to close the gap with infrastructure that can match its principles.

The key to this correction might be the largest arbitrage of principles in the market today found in the origins and code of r/Zenon_Network. If you’ve made it this far and want to learn more, leave a question or comment in the replies.

But fundamentally, a position in Zenon starts with a question:

What are your principles anon?