Using “emergency” powers or laws to compel financial institutions to disclose customers’ private data and/or freeze their accounts—without probable cause, a warrant, or due process—is a monumental threat to human rights.
Those who buy on fundamentals but disregard the verdict of the market - price action - watch in disbelief as their proud pick falls precipitously. They fail to add into their calculations and analysis the most important ingredient... willing buyers.
1/25
Today's thread covers one of the newer assets on my list for 2022 (and beyond) which is @reflexerfinance's $FLX (warning there are other tokens using that ticker!)
Let's talk a bit about the money god and maker of $RAI
6/ Decentralization also enables new defenses.
Because many projects can be “forked” (duplicating their underlying source), participants can simply choose to follow value-aligned derivatives if the original project becomes extractive.
This reinforces incentive alignment.
Play to earn, play and earn, learn and earn, earn and work, an elongated ponzi, the second coming, whatever you want to call it ... a meandering musing. (1/n)
The only way to truly understand web3 is by using it.
No amount of reading can teach you as much as making an on-chain transaction.
Start small, experiment and be highly versatile.
Soon the path will reveal itself.
Closed intranets (e.g. AOL and MSN) lost to the open internet. The same will happen with closed vs open virtual worlds.
From a 2017 post: https://t.co/OolrP69MqH
Steam just banned all games that use blockchain tech, NFTs, or cryptocurrencies from their platform
Instead of going forward, they're going backwards
We're quickly learning which companies will remain web2 and which will make the leap to web3
Web3 is happening no matter what.
Web 2: Users are the data, corporations own the platform, and the code is closed.
Web 3: Users own their data, contributors own the platform, and the code is open.
Crypto is a systemic shock that’ll make society more equal.
Rising inequality is an inevitable feature of capitalism. But like all systemic shocks through history, the rise of crypto’ll help reset wealth distribution.
Here’s why & what it means for your own wealth strategy 👇
Société Générale, the third largest bank in France, just made a collateral onboarding application to Maker for 20 million USD.
Backed by EUR bonds, proposed by their blockchain subsidiary.
https://t.co/hxGEMOIWjy
📚𝙉𝙀𝙒 𝙍𝙀𝙇𝙀𝘼𝙎𝙀
1/ Part of Forefront's mission has been to build a home for web3 education tailored to social token clubs, DAOs, and the digital cities of the future.
Today, we're excited to announce a new step on that journey: FF Learn
LIVE → https://t.co/IFpk4ssud7
Remember, the point of decentralization is to scale human coordination without giving power and control to privileged participants.
It’s not to hand power and control from one set of companies to a new set of companies.