@TeamSatoshi@Playful121@naval Microsoft wouldn't be here if not for IBM, but how big is IBM today?
It's simply progress, we can create more value with exisiting tools than the tools themselves.
The most impactful insight I got from
@naval
is that input is not correlated to output.
Satoshi Nakamoto probably worked much less hours creating Bitcoin than the avg engineer.
But has created more value than 99.9% engineers combined.
@Playful121@TeamSatoshi@naval The point still stands, even if measured objectively.
BTC currently has a market cap roughly equal to that of $MSFT.
Yet MSFT engineers have spent 1mx hours than Satoshi.
Outcomes in economies of scale are non-linear to inputs.
On web wallets, you use seed phrases
On Desktop and Cold wallets , you use seed phrase+16-digit keys and multiple gates of authorization depending on your need
Apparently, many people have this question.
You can choose your safety of crypto, just like phones.
Like you have PIN/Fingerprint/FaceUnlock on phones
You have Seed Phrase/Key on wallets...contnd
i'm a noob and i'm not criticising web3 in anyway...i genuinely want to know ...what is up with the security part of web3? All of your wealth depends on SEED PHRASE? isn't this weird? Also, there's not even a single way to restore it (as far as i know). How will this sustain?
The main idea of cryptocurrency is to be independent of the government and any other third-party. Here's how to safely store your crypto and escape the FUD.
Upside of social media is that you get a power to have objective individual opinions
Downside of social media is most people don't have objective individual opinions