Taylor --Supreme-crypto-nerd 🟥 🟥 🟥

Started early with $BTC, fell into $ZIL, flirted a while with $AVAX --- but then came $SAITO and the entire blockchain world folded inward
Yes i also piano++

[Taylor --Supreme-crypto-nerd 🟥 🟥 🟥 @taylorCryptoNrd]

@travisbickle0x @solana so funny. You are literally describing chess on saito

[Richard Parris 🟥 @richard_parris]

https://t.co/2IxJbIDFR4

Good to get out some updates and answer some community questions.

#saitoSummer

[Taylor --Supreme-crypto-nerd 🟥 🟥 🟥 @taylorCryptoNrd]

@holdsaito Wishing for BTC, as this could be my first actual use case for the damn thing

[Taylor --Supreme-crypto-nerd 🟥 🟥 🟥 @taylorCryptoNrd]

@richard_parris This the fabled summer saito initiative? What is happening ?

[Taylor --Supreme-crypto-nerd 🟥 🟥 🟥 @taylorCryptoNrd]

@Justin_Bons @helloyellowup Would love to see it
I’m a big fan of their vision for web3

[Saito Network 🟥 @SaitoOfficial]

What Brought You to Saito 🟥

The truth is, we have both extremes covered: theory and utility.

You read the theory 👨‍🔬
or
You use the real Web3 apps 🔧

both lead to the conclusion: "this really works."

Did you start with the theory, or apps?

[Richard Parris 🟥 @richard_parris]

Saitozen @MukkingAbout asked me to explain of how RedSquare works and how it is different to say Twitter. I thought I would share it here.

RedSquare breaks the 'client-server' mode that has been honed over 20 years for social apps. (It's also not federated.)

[Saito Network 🟥 @SaitoOfficial]

Here's a Ridiculous Story That's Secretly About Blockchain 🤡

There was once a hotel chain that endeavored to try a radical new business model: every time you booked a room with them, you were allowed stay as long as you want, forever, even.

With venture capital support, the experiment was allowed to run. The most drastic change which was quickly realized, of course, was prices shooting through the roof. If you don't know how long someone is staying, you have to assume they could stay a long time.

Some competitors got around this by compromising on comfort, security or openness: a parking lot of tents rather than a building of rooms, or pre-judging and denying potentially long-staying or problematic guests.

But to just get a decent room for a week-long vacation, you had to pay as if you would stay much longer; almost no one paid the true cost of their stay.

That radical new hotel chain got a lot of press, but could only provide to the most privileged clients, and the compromised varieties could hardly be called hotels at all.

The model simply makes no sense...

...yet this is the blockspace pricing-model that non-Saito blockchains concede to and compromise around. Nodes have to keep data live for an undefined amount of time, and they react to this by raising the price to add any data at all!

Short-lived transactions are treated like potential squatters! Temporary use of the blockchain to broadcast data is unfeasible at scale. A whole range of uses most people can't imagine awaits past a solution...

Saito is different: the fee you pay to publish a transaction only needs to pay for one epoch of blocks rather than a potentially infinite number of blocks.

Not only does it prevent long-term collapse of the blockchain, but $Saito allows applications not yet seen on blockchain: a Universal Broadcast Layer for Web3, a fully permissionless PKI Network.

When users 'pay-as-they-go' for block-space rather than paying for forever upfront, you can build real Web3 networks. Web traffic doesn't need to be stored forever, but it does benefit from the removal of trusted third-parties!

Saito gives you both: the low prices of transient data but the fully-open and permissionless access of blockchain. Saito is that solution!

That's Saito Economics at work.

ATR (Automatic Transaction Rebroadcasting) is something only Saito has, and we plan to take full advantage of it in the applications we build. Check them out, they are true Web3 and true peer-to-peer.

More info ➡️ https://t.co/5DDgdUNkwV

Common misconception: ATR doesn't mean you can't save money on Saito, it just means the same fee is spread out over time. And with Saito's post-whitepaper staking upgrade, medium and large holdings will very likely earn more than they pay (as they provide some staking-security).

[Taylor --Supreme-crypto-nerd 🟥 🟥 🟥 @taylorCryptoNrd]

@JimHenderson22 @PawelPawlak14 Go learn a bit more about $saito and it will start to make sense why those questions don’t quite apply here. If your consensus mechanism encourages scaling, then you undoubtedly grow to whatever speed and capacity is needed!

[Taylor --Supreme-crypto-nerd 🟥 🟥 🟥 @taylorCryptoNrd]

@SaitoOfficial Sangre for me! while it is better than dark mode, showing screenshots on X and seeing them side by side, really shows how much work is still needed.

[Taylor --Supreme-crypto-nerd 🟥 🟥 🟥 @taylorCryptoNrd]

@FaridRached $SAITO

[Taylor --Supreme-crypto-nerd 🟥 🟥 🟥 @taylorCryptoNrd]

@MichaelSuppo @Leon1444777 I know it didn't follow your normal memecoin path to success (P&D) so you aren't sure how to face it; but I spend a bit of time beyond your normal surface-level analysis to see why we are all here, and growing

[Taylor --Supreme-crypto-nerd 🟥 🟥 🟥 @taylorCryptoNrd]

@MichaelSuppo actually just $saito

[Taylor --Supreme-crypto-nerd 🟥 🟥 🟥 @taylorCryptoNrd]

@MukkingAbout @dlancashi @spicycardanon This is true, but the software being 5x better isn’t enough. If it’s better than the competition, that is a starting point. Even then, you need to draw in people. It isn’t so simple!

Much rather the talk stays on how to reduce the need for txs

[Taylor --Supreme-crypto-nerd 🟥 🟥 🟥 @taylorCryptoNrd]

@dlancashi @spicycardanon @MukkingAbout Good points.
Personally I love the thought of using the chats as a full replacement for other apps, but until it can provide more standardized and cross-platform notifications [iOS top of course] I’ll have to stay on messenger and telegram.

[Taylor --Supreme-crypto-nerd 🟥 🟥 🟥 @taylorCryptoNrd]

@dlancashi @MakStefo Excellent, that sounds like a fantastic plan. When can we test this out

[Taylor --Supreme-crypto-nerd 🟥 🟥 🟥 @taylorCryptoNrd]

@dlancashi @spicycardanon @MukkingAbout Will also add, most apps lack the polish needed to really get anywhere tx-wise. Contract out the UX dev, tbh to women devs in particular. And choose 1-2 of the most widely appreciated app in the current suite

[Taylor --Supreme-crypto-nerd 🟥 🟥 🟥 @taylorCryptoNrd]

@dlancashi @spicycardanon @MukkingAbout genuinely speaking, here.

[Taylor --Supreme-crypto-nerd 🟥 🟥 🟥 @taylorCryptoNrd]

@dlancashi @spicycardanon @MukkingAbout What can we do to speed it up?
I'm of the mind fees need to turn on ASAP in order to have any sense in the progress of the consensus mech. We can only understand the limits and requirements once it's on