Another meme contest has arrived!
Drooling Over Socials!
Make any content whether irl animation, streaming, etc on the drooling cat and post on TikTok, IG, or anywhere else!
Bonus points if you onboard new people!
๐ฅ$1000
๐ฅ$500
๐ฅ$200
DROOL ON DROOLERS!
WCINU Manager CV Contest ๐
Create a Meme Coach CV and apply for the job of managing your favorite World Cup team.
The best managers will share 1.5 $SOL Prize Pool.
Follow the ๐งต for details ๐
@Defi_divaa Love the PC puzzle analogy makes PoW super easy to picture.
The shift to PoS (staking instead of racing) really does save a ton of energy while keeping things secure.
Great for beginners.
Keep these coming!
In my DeFi explanation series, I learnt something Iโve been finding difficult to understand for a long time, and Iโm glad I finally understand it properly now.
I wonโt gatekeep, donโt worry..
Before I tell you what it is, I have a story.
Get your chairsโฆ๐ช
Five bored tech-savvy friends already had a stable source of income. Safe to say they were doing well for themselves.
But yunnoโฆa wealthy man is rarely satisfied with his wealth. So they decided to look for another source of income. Fortunately, they found one.
They all got the same job.
And this was what the job entailedโฆ
All they needed to do was put their PCs to work while they earned money.
Their PCs had to confirm valid transactions happening on a blockchain, solve a puzzle, and get rewarded. Simple.
But there was a catchโฆ
Whichever PC solved the puzzle first got rewarded. The others got nothing.
Safe to say the job became a competition because every PC had to compete to solve the puzzle first.
Donโt worryโฆthere was no beef between them
They were still cool.
End of story.
Back to todayโs topicโฆ
POW & POS
Two important consensus mechanisms used in blockchain.
But before we continueโฆ
What exactly is a consensus mechanism?
A๐งต
I saw a video on TikTok where a guy was complaining that his phone line had been reassigned to someone else, even though he claimed it was still active.
At first, I thought he was exaggerating.
But as he explained, it sounded way worse.
And instantly, I thought about @pevraHQ.
Trading is hard. Memes make it better. So we're giving away a $5K 2-step challenge to whoever makes the best one.
How to enter:
โก๏ธ Create a meme about Funded Guru
โก๏ธ Post it and tag us
โก๏ธ Winner announced on launch day โ May 14
The funnier the better. The team decides. No mercy. ๐จ๐ธ
@Defi_divaa Haha, too relatable!
Double-debited โฆ13k for one hoodie?
Banks and vendors giving different stories pure stress.
Smart contracts for the win: money in escrow, delivered = auto pay.
No delivery = auto refund.
Good thread!
๐ ๐ด๐ผ๐ ๐ฑ๐ฒ๐ฏ๐ถ๐๐ฒ๐ฑ โฆ๐ญ๐ฏ๐ธ ๐๐๐ถ๐ฐ๐ฒโฆ ๐ฎ๐ป๐ฑ ๐ฟ๐ฒ๐ฎ๐น๐ถ๐๐ฒ๐ฑ ๐๐ต๐ ๐๐ฒ๐๐ถ ๐ฒ๐ ๐ถ๐๐๐ ๐ญ
โWaitโฆ smart contracts wouldโve stopped you from losing that โฆ13k?โ
That was my little sisterโs reaction after I told her how a hoodie transaction went wrong and honestly, itโs probably the simplest way to explain DeFi too
I wanted to get a hoodie I loved from an online vendor, so I made the payment.
She said she didnโt receive it.
I sent another โฆ13k.
This time, she confirmed it instantly.
A few minutes later, I got debit alerts twice ๐ญ
Both transactions actually went through.
โฆ13k twice??
Ahhโฆ in this sapa economy?
I texted the vendor immediately.
Me: Hi maโam, the money I sent went twice and I got debited twice.
Vendor: Hello, I only received one alert ma.
Me: Please refresh your app ma ๐ญ
Vendor: Iโve refreshed it. Maybe itโll reverse. You should visit your bank tomorrow.
I went to the bank the next day.
Their response?
โThe transaction was successful.โ
Meaning the money wasnโt hanging.
It had already dropped.
I texted the vendor again, but she still insisted she got only one payment.
At that point, I just locked up.
My hoodie got delivered eventually, but deep down, I knew I wasnโt buying from her again
Then I started thinkingโฆ
What if this transaction happened on DeFi instead?
What if a smart contract handled the payment?
That whole issue probably wouldnโt have happened.
Then my little sister asked:
โWhat exactly is a smart contract?โ
And I loved that question because she asked what a lot of people are afraid to ask.
So let me explain it simply
A๐งต