My newest article. βοΈ
A deep dive into:
1) The known and not so known problems dominating the crypto space π£
2) The mainstream 'solutions' to them π
3) An innovative new approach to eliminating them π₯
Enjoy.
https://t.co/O104KT7vE4
@richard_parris That is fair. I am indeed primarily referring to PoS systems
Saito would indeed require us to rethink the economic dynamics entirely
That long-form podcast with us will be released soon (sorry again for the huge delay!)
Saito is so novel that the chat is atleast still relevant
Cryptocurrency will only ever get widespread mainstream adoption when it offers superior alternatives to traditional offerings (US $, Web2), either through censorship resistance, or quality applications.
Only when people individually benefit do they forget their moral scruples.
0/ So people are upset with me for opposing the Bitcoin Strategic Reserve and saying Coinbase should not buy #BTC for their treasury, have incorrectly assumed this means somehow I don't like Bitcoin.
If you think that is what I think, you are wrong and should feel bad.
Everyone who is interested in Saito should understand this:
PoW/PoS pays for mining/staking.
Saito pays nodes for collecting fees.
The more directly you collect transactions from users (versus collecting them second or third-hand from other nodes), the more you get paid
πβ
Used @SaitoOfficial for the 2nd time this week. Peer to Peer Video π₯ calls all on the blockchain. No centralized servers. True #Web3
Simple and easy.
Go to https://t.co/RR64jX9Hno & follow pictures below & then the + at bottom left to share the link π
They donβt even know they are using the blockchain.
Peer to peer. Free π
$SAITO π₯ ππ
#Crypto $BTC $ETH $NEAR $SUI $BNB $eGLD $SOL $VRA
I guess I'll give up on explaining that the "Blockchain Trilemma" isn't a problem to be solved
For the record, it's not
It's a description of the tradeoffs between the three trilemma properties (decentralization, security, scalability) made by different parameterizations of a single architecture
It only applies to different configurations of the same system design
But since everyone seems to insist on it being "solved", I'll cede this argument
$SAITO applies a tax on people based on routing hops.
The less efficient you are at getting stuff into a block, the more of a tax you pay.
Change the incentive, change the network efficiency. No need to change the tech. Tech comes after economics.
THE TECHNO-OPTIMIST MANIFESTO part 1
βYou live in a deranged age β more deranged than usual, because despite great scientific and technological advances, man has not the faintest idea of who he is or what he is doing.β
β Walker Percy
βOur species is 300,000 years old. For the first 290,000 years, we were foragers, subsisting in a way thatβs still observable among the Bushmen of the Kalahari and the Sentinelese of the Andaman Islands. Even after Homo Sapiens embraced agriculture, progress was painfully slow. A person born in Sumer in 4,000BC would find the resources, work, and technology available in England at the time of the Norman Conquest or in the Aztec Empire at the time of Columbus quite familiar. Then, beginning in the 18th Century, many peopleβs standard of living skyrocketed. What brought about this dramatic improvement, and why?β
β Marian Tupy
βThereβs a way to do it better. Find it.β
β Thomas Edison
Lies
We are being lied to.
We are told that technology takes our jobs, reduces our wages, increases inequality, threatens our health, ruins the environment, degrades our society, corrupts our children, impairs our humanity, threatens our future, and is ever on the verge of ruining everything.
We are told to be angry, bitter, and resentful about technology.
We are told to be pessimistic.
The myth of Prometheus β in various updated forms like Frankenstein, Oppenheimer, and Terminator β haunts our nightmares.
We are told to denounce our birthright β our intelligence, our control over nature, our ability to build a better world.
We are told to be miserable about the future.
π§΅ Why Saito Matters: $SAITO @SaitoOfficial
π° Current market cap: 15M
$SAITO is pioneering a scalable, self-sustaining blockchain that powers everything from email to social networks and games, all on-chain, without compromising decentralization
Let's take a closer look π
90% of resistance to Saito is the insistence that the problems it solves must be unsolvable because other projects cannot solve them. Meanwhile:
"No worthy problem is ever solved within the plane of its original conception."
- Albert Einstein
If you ever wonder why #crypto can't scale - consider that savvy economists were never invited to the table when it came to consensus design.
What happens when an expert in economics builds an incentive system from the ground up? What happens is @SaitoOfficial.
"It's not easy to see why blockchain can't scale."
But somehow it's only Saito that found the solution.
It's a simple problem, but that means it requires an elegant solution. Sometimes complexity is a crutch.
$Saito
#crypto#privacy
https://t.co/e5FnzEgNtP
If you really want to know what Saito's primary use case is, what a PKI is, and just how fundamental a revolution Web 3 is, you need to understand these concepts.
Saito is coming for the whole internet.
#crypto@SaitoOfficial