(Rich) people used to flex by having big houses with libraries full of cool books, nice card and artwork hanging on the walls. Now people will flex with public wallets containing tons of money, artwork, NFTs of exclusive events they went to and top-tier airline status
There are going to be auctions for more things in the future. One example: seats on flights. Similar to concerts, there will be scalpers but youβll be able to buy a seat on the flight if youβre really willing to pay for it. Last minute travel needs, rich wanting 1st class, etc
NEW: @Apple is looking for someone with crypto experience to lead partnership efforts on "alternative payments," according to a new job post.
@realDannyNelson reports
https://t.co/e7JWseNw9p
What's a DAO?
"If blockchains, NFTs, smart contracts, DeFi protocols, and DApps are tools, DAOs are the groups that use them to create new things. If theyβre the what, DAOs are the how.
...Theyβre the Web3 version of a company or community." @packym
https://t.co/eKFzRHbxtC
A simple ELI5 mental model for checks vs blockchain transactions:
Picture what a physical check communicates. Payment amount, date, payee, signature, acct number, etc. What info does a blockchain transaction communicate? Amount, timestamp, wallet address, signatures (keys), etc
JUST IN: The Fed is moving forward in its efforts to develop its own digital currency, announcing that it will release a research paper this summer that explores the move further. @steveliesman reports. https://t.co/6bAbgAyrNi
We go deeper into the Bitcoin whitepaper, hashing, problems to be solved and cool random sites like Where's George for tracking dollar bills.
Subscribing here (and!/)or there is free, so ROI = βΎ.
https://t.co/W0WJIAzKW3
Will the majority of Earth's billionaires come from crypto?
@brian_armstrong (Coinbase CEO) thinks so, even if @forbes only has 12 on their billionaires list today
More wild stats and a bonus whitepaper summary π
But when reviewing the wallets that hold the most Bitcoin, there are:
-32 with > $1B
-7,500 w/ >$10M
-86,000 w/ >$1M
Yes, some are exchanges with multiple peoples' holdings combined. But some whales have multiple wallets, so those numbers cut both ways.
https://t.co/lPjeKT8SO2
Nobody seemed to give credit to #taxday here in the US when things started dropping. Thatβs definitely a contributing factor + lends hope to the argument there will be a strong and steady comeback after the selling
Friendly reminder to see if you can score a discount on May 22 for Bitcoin Pizza Day @dominos@pizzahut.
Might not save you $440 million, but every little Satoshi counts