6/ Obviously this is a simplification and an intro discussion.
Can you do it in fewer words? Share them below.
Do you not like these tweets? Don't worry, soon there will be more tweets.
Have a great Saturday!
5/
Everyone: BTC full nodes
Accountants: Miners
Lottery: Mining (they are not mining for BTC, they are mining for the winning lottery ticket to be the accountant for the next block)
Batches: Blocks
Reward: Block Reward
Service Fee: Transaction Fee
Congrats - you know BTC!
4/ Here is the key twist
a) Anyone can be an accountant
b) Who is the accountant for the next batch is selected by lottery (every 10 minutes) so no one accountant can block the system
c) The winning accountant gets $400K reward + the service fees for doing their job correctly
3/ BTC's solution
a) Accountants propose changes every 10 minutes
b) Anyone can propose a change to their balances (along with a service fee)
c) Accountants batch the changes for review
d) Everyone checks that the batch is valid (no overspending) and accepts
2/ Imagine a Google sheet w/ everyone's bank balances and the whole world has full access.
Solutions That Do Not Work
a) Everyone can change any cell? Chaos and theft
b) Only one person with editor access? Works fine but the whole world is at the mercy of that one person
1/ On Bitcoin in Four Tweets
Some people meditate on the oneness of the world to achieve enlightenment.
I also meditate to achieve enlightenment, but on how I can describe "how Bitcoin works" in the fewest number of words
Sharing last night's version below
Hugely proud! I can’t thank @punk6529, our guest instructors, and my awesome team at @IFFunic & @unicmetaverse enough!!!
Dedicated to the genesis cohort of >22K students who believed in and became part of the first ever on-chain university course!
Ty @INATBA_org for the honour!
Just 24 hours until the first live session of our NFT/Metaverse course! @punk6529 will guide us through Ethereum wallet security and explain how to mint your main course access NFT.
Monday 26 September, 3-4pm UTC (10-11am EST).
More info: https://t.co/qhQX1VA4NI
Meet Punk 6529, one of our speakers 👋
@punk6529 is a key opinion leader in the web3 space who is on a mission to accelerate the development of an open metaverse with Education, Museum, Collections, Capital, OM, and Bridge.
Meet them at #TOKEN2049: https://t.co/mgbtR9omea
1/ The goal of the 6529 Meme Cards collection is to spread awareness of the goals of a decentralized open metaverse.
A few months ago, the legendary fashion designer @VivienneTam reached out to discuss the use of NFTs in fashion and in physical+digital environments
The 6529 logo was a labor of passion ❤️
I’ve designed dozens of logos over the years but I consider this one of the most iconic and I wholeheartedly thank @punk6529 for inspiring me to be a part of this effort 🙏
🔥Time To Build An Open Metaverse 🔥
All 6529 mega-threads are pinned in this thread of threads:
https://t.co/yKBRMtBrE4
The team game plan is here:
https://t.co/bkdYYU2dbj
Hop on board fam, we are going to save the world.