Links: Snow Crash, South Park, Bitcoin’s IPO and bubbles

Neal Stephenson, known for his visionary works like _Snow Crash_, has a history of predicting crypto and the metaverse. His novels reflect cypherpunk ideals and the potential for a decentralized financial future. However, he notes that the current crypto industry shows a shift towards less idealistic motives, impacting its ability to create value for non-crypto users. He advocates for focusing on the intrinsic value of creations instead of solely financial outcomes. The writers of _South Park_ capture the crypto sentiment, emphasizing the balance between idealism and opportunism. Meanwhile, the bitcoin market is seeing changes as early adopters liquidate their holdings, potentially leading to a stronger, more resilient Bitcoin. The recent election results signal a looming regulatory environment for crypto, suggesting that building valuable and impactful projects is crucial for the industry's future. Hester Peirce urges the industry to create meaningful contributions to society, linking this effort to better regulatory acceptance across administrations.

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