it's not about $BTC vs $ETH, this L1 over that L1
it's about leaving the decaying model behind and building an alternative. while it may come out in different shapes and sizes, we’re all after the same thing
we're all #crypto maxis here. wear it with pride
Crypto is a bet against the modern macroeconomic dogma, which is passed off as science, but is really a branch of politics - with rulers, winners, and losers.
- @naval
@NischalShetty also banks: we are pleased to offer a premium return of 0.01% if you give us all your savings!!
if you want to borrow other people’s money from us tho you’ll have to stake your first born child
“it’s absolutely mind blowing that for 300 years humans have been trying the same thing over and over.
for the first time (that we know of) we are living through a plausible attempt (to) do things differently” - @Talej
definitely time for something new. #crypto
Since 1700 roughly 750 currencies have existed globally
Only about 20% remain & all of them have been devalued
Whenever you calculate your net wealth consider currency risk
annual inflation in #argentina is 60% and citizens aren’t allowed to invest their savings into other currencies
no one should be powerless when it comes to protecting their own wealth. this is why the world needs #crypto
I asked an Argentinian tiktoker who is making videos about runaway inflation (60%) if they are seeing more local use of crypto as a result. They said yes. https://t.co/of79lYPlsa
A week after technologists slammed crypto for being too risky & flawed in a letter to Congress, human rights advocates sent a rebuttal to lawmakers defending #bitcoin &stablecoins, citing their use case in places where currencies are collapsing: https://t.co/cd1hN0nBoY @gladstein
The facts are clear. According to Chainalysis, just 0.15% of ALL crypto transactions in 2021 were associated with some type of illicit activity. The UN estimates 2-5% of fiat (cash), worth $800B to $2T, was associated with some type of illicit activity. Let’s be real.
crazy that humans have gone from using stones that are too large to physically move, to things like the $BTC lightning network that can facilitate transactions digitally, anywhere in the world
any other cool forms of money/currency at other points in history? /5
the evolution of #money and the role trust plays in its exchange is fascinating
an island in the pacific ocean once used massive stone wheels (called fei) as #currency. these stones weren’t even native to the island, and had to be transported 300 miles by sea /1
apparently there was a case where a stone sunk to the bottom of the sea during transport
even though nobody had seen it or verified its size, its value and purchasing power was unquestionably accepted by everyone /4