Discover and read the best of Twitter Threads about #SAITO
Most recents (14)
No to reform! My review of Kohei Saito's 'Marx in the Anthropocene: Towards the Idea of Degrowth Communism'.
| Steady State Manchester steadystatemanchester.net/2023/05/02/no-…
#Saito #degrowth #Marx #anthropocene #BookReview
| Steady State Manchester steadystatemanchester.net/2023/05/02/no-…
#Saito #degrowth #Marx #anthropocene #BookReview
"Saito’s key finding, and key argument, is that the later Marx rethought his earlier positions, both as a result of, and as a reason for, pursuing extensive studies in the physical and biological sciences, on the one hand, and pre-capitalist societies on the other."
"Marx thoroughly revised his position. That included abandoning the notion of stages of history and, critically, the idea that socialism must follow capitalism, standing on the pillars it had erected."
If you haven't heard about $SAITO yet, you could be overlooking an opportunity that could transform your life.
Excitingly, we're here to provide you with one key problem being solved with #Saito networks technology.
Here is a deeper look into the @SaitoOfficial solution. 🧵↓
Excitingly, we're here to provide you with one key problem being solved with #Saito networks technology.
Here is a deeper look into the @SaitoOfficial solution. 🧵↓
$Saito crypto network has come up with a solution to tackle one of the biggest issues in blockchain technology: the free-rider problem.
This problem arises when users sit back and wait for others to process transactions and add them to the blockchain, without contributing.
This problem arises when users sit back and wait for others to process transactions and add them to the blockchain, without contributing.
To combat this, Saito has introduced a groundbreaking consensus mechanism called Proof-of-Transaction (PoT).
Unlike in traditional blockchain systems where miners are rewarded with new coins, the $Saito network rewards users with transaction fees for processing transactions.
Unlike in traditional blockchain systems where miners are rewarded with new coins, the $Saito network rewards users with transaction fees for processing transactions.
$Saito is making significant progress in the blockchain industry.
By introducing inventive approaches to tackle the most pressing issues confronting Web3.
Here's is a short break down of #SAITO's token distribution.
@SaitoOfficial 🧵
By introducing inventive approaches to tackle the most pressing issues confronting Web3.
Here's is a short break down of #SAITO's token distribution.
@SaitoOfficial 🧵
The Saito network has 3 billion $SAITO tokens currently in circulation, with a maximum token supply of 10 billion.
These tokens are primarily ERC20/BEP20 and can be migrated on-chain for integration with other parts of the cryptocurrency ecosystem, such as exchanges.
These tokens are primarily ERC20/BEP20 and can be migrated on-chain for integration with other parts of the cryptocurrency ecosystem, such as exchanges.
In the future, more tokens may be made available for allocation to various entities, including:
1. a community-controlled foundation (20%),
2. core software development funding (10%), 3. liquidity provision for strategic partners (10%), and
1. a community-controlled foundation (20%),
2. core software development funding (10%), 3. liquidity provision for strategic partners (10%), and
You might be missing out on a life changing opportunity, If you haven't heard about $SAITO
Here's all you need to know about the project:- it's founders and the benefits of #Saito.
Let's find out more in this thread 🧵
Here's all you need to know about the project:- it's founders and the benefits of #Saito.
Let's find out more in this thread 🧵
The scope of the thread includes :
1. What makes $SAITO unique
2. Founders
3. Tokenomics
4. Benefits of Saito
5. Conclusion and recommendations
Let's get started 👇
1. What makes $SAITO unique
2. Founders
3. Tokenomics
4. Benefits of Saito
5. Conclusion and recommendations
Let's get started 👇
1️⃣ The requirement for cryptocurrencies to become scalable is vital if they are ever going to replace the current system.
While cryptos are focusing on sharding as the way ahead, others, like Saito, are focusing on reforming the material conditions which currently govern crypto.
While cryptos are focusing on sharding as the way ahead, others, like Saito, are focusing on reforming the material conditions which currently govern crypto.
Finding top-tier crypto projects during a bear market can be difficult.
So I did all the hard work for you today.
Here's all you need to know about #SAITO, as well as why you shouldn't pass it up.
$SAITO 🧵
So I did all the hard work for you today.
Here's all you need to know about #SAITO, as well as why you shouldn't pass it up.
$SAITO 🧵
What I'll be covering:
1. Introduction
2. What is Saito?
3. Tokenomics
4. Where to buy Saito
5. Conclusion
Let's dive in 👇
1. Introduction
2. What is Saito?
3. Tokenomics
4. Where to buy Saito
5. Conclusion
Let's dive in 👇
1️⃣ Saito makes real web3 possible. No Strings attached.
Unlike other blockchains, Saito’s economic incentives are fundamentally aligned, allowing for true and sustainable web3
Unlike other blockchains, Saito’s economic incentives are fundamentally aligned, allowing for true and sustainable web3
(1/19) Intro
Decentralised world wide web with
-->WEB 3.0<-- is the future.
Many projects claim that they will revolutionize the new web, but most of the will fail.
@SaitoOfficial is one of these project I believe will bring true revolution.
To see why, let's dive 🤿 in
Decentralised world wide web with
-->WEB 3.0<-- is the future.
Many projects claim that they will revolutionize the new web, but most of the will fail.
@SaitoOfficial is one of these project I believe will bring true revolution.
To see why, let's dive 🤿 in
(2/19) Saito
@SaitoOfficial is a Layer 1 blockchain that offers a solid foundation to build open source and scalable web applications.
The infrastructure is distributed by nodes. Applications on Saito run peer to peer, allowing users to maintain control over their data.
@SaitoOfficial is a Layer 1 blockchain that offers a solid foundation to build open source and scalable web applications.
The infrastructure is distributed by nodes. Applications on Saito run peer to peer, allowing users to maintain control over their data.
(3/19) $SAITO Consensus
Most PoW and PoS networks are susceptible for attacks
@SaitoOfficial developed an amazing consensus consisting of four parts
- Block production
- payment lottery
- Increasing Cost of attack
- Automatic Transaction Rebroadcasting (ATR)
Most PoW and PoS networks are susceptible for attacks
@SaitoOfficial developed an amazing consensus consisting of four parts
- Block production
- payment lottery
- Increasing Cost of attack
- Automatic Transaction Rebroadcasting (ATR)
How to understand what problems @SaitoOfficial ( $SAITO ) fixes without spending 100’s of hours researching.
I spent the whole week making this the EASIEST #SAITO thread out there.
Let’s dive in ↓ 🧵
I spent the whole week making this the EASIEST #SAITO thread out there.
Let’s dive in ↓ 🧵
What I’ll be covering:
1. What is SAITO?
2. Why Use Saito?
3. Partners, Backers, & Team
4. Tokenomics
5. Final thoughts
1. What is SAITO?
2. Why Use Saito?
3. Partners, Backers, & Team
4. Tokenomics
5. Final thoughts
1. What is SAITO?
Saito is a Web3 Foundation grant recipient that allows blockchain applications to run directly on the browser.
SAITO is set up to pay internet service providers (ISPs) directly.
Saito is a Web3 Foundation grant recipient that allows blockchain applications to run directly on the browser.
SAITO is set up to pay internet service providers (ISPs) directly.
$SAITO brings true openness to the blockchain and fixes blockchain fallacies.
But what does this really mean?
A deep dive into #SAITO🧵(PT.2)
But what does this really mean?
A deep dive into #SAITO🧵(PT.2)
This is part 2 of an extensive in-depth view of SAITO.
In part one, I cover some of the fundamentals, of which I will also give a BRIEF overview here. Read and like Part 1 first!
For the rest, two will be a further extension on part 2
Link to part 1
In part one, I cover some of the fundamentals, of which I will also give a BRIEF overview here. Read and like Part 1 first!
For the rest, two will be a further extension on part 2
Link to part 1
#Saito is the open network layer that lets users run blockchain apps in-browser w/o closed plugins, private APIs and non-open infrastructure
Saito operates with no owner and funds the nodes that provide user-facing infrastructure for its own network and other public blockchains.
Saito operates with no owner and funds the nodes that provide user-facing infrastructure for its own network and other public blockchains.
$SAITO brings true openness to the blockchain and fixes blockchain fallacies.
But what does this really mean?
A deep dive into #SAITO🧵
But what does this really mean?
A deep dive into #SAITO🧵
Token distribution goes first today. 📌
$SAITO made it easy with an image.
Follow the Pins for the most important non-technical summaries throughout this rather technical thread on the innovative $SAITO.
$SAITO made it easy with an image.
Follow the Pins for the most important non-technical summaries throughout this rather technical thread on the innovative $SAITO.
$SAITO addresses many issues that are often overlooked as insignificant in developing cryptocurrencies and blockchains.
It is one of the most complex and innovative chains I have run into in a long time, hats off... 📌
Gonna be difficult to do it justice in a limited thread..
It is one of the most complex and innovative chains I have run into in a long time, hats off... 📌
Gonna be difficult to do it justice in a limited thread..
1) In today's market it's increasingly hard to select high quality cryptocurrencies.
Most eventually fade away and as such we need to search for the best fundamentals.
A thread🧵on $SAITO and why you should take a look at this cryptocurrency.
Read on 👇
@SaitoOfficial #Saito
Most eventually fade away and as such we need to search for the best fundamentals.
A thread🧵on $SAITO and why you should take a look at this cryptocurrency.
Read on 👇
@SaitoOfficial #Saito
2) Although the cryptocurrency industry has been live for more than a decade already, it's only recently that we've seen huge growth in the creation of decentralized applications.
This is mainly due to the rise of "smart contract platforms" allowing the creation of Dapps.
This is mainly due to the rise of "smart contract platforms" allowing the creation of Dapps.
3) The main selling point of the blockchain industry and appeal of Dapps has mostly been referred to it being a "trustless and secure system".
This hasn't always been completely true due to certain limitations of this new technology.
The main issue so far has been scalability.
This hasn't always been completely true due to certain limitations of this new technology.
The main issue so far has been scalability.
Long thread👇
1/12
There are two incentive problems that Proof-of-Work (PoW) and Proof-of-Stake (PoS) blockchains inevitably encounter that undermines network scalability:
1⃣ Tragedy of The Commons Problem
2⃣ Free-rider Problem
1/12
There are two incentive problems that Proof-of-Work (PoW) and Proof-of-Stake (PoS) blockchains inevitably encounter that undermines network scalability:
1⃣ Tragedy of The Commons Problem
2⃣ Free-rider Problem
2/12
These are types of problem that lead to market failure wherein individuals can profit by behaving in ways that imposes cost on the whole ecosystem.
Let's dive deeper👇
These are types of problem that lead to market failure wherein individuals can profit by behaving in ways that imposes cost on the whole ecosystem.
Let's dive deeper👇
3/12
Tragedy of The Commons Problem:
❗️ Miners make money today by putting data on the blockchain that must be supported by other network members in the future
❗️ There is a privatization of gain (today) and a socialization of losses (tomorrow)
Tragedy of The Commons Problem:
❗️ Miners make money today by putting data on the blockchain that must be supported by other network members in the future
❗️ There is a privatization of gain (today) and a socialization of losses (tomorrow)
Intelligent investors inc. whales are buying up $Saito. Why? The design pays user facing nodes out of an open consensus mechanism, thus scales naturally & incentivises processing of huge amounts of data, so can be used to build decentralised versions of v. data heavy services 👉🏾
Saito’s design corrects the collective problems inherent in POW & POS mechanisms, so that profit-seeking actors compete to bring $ into the network, permitting scalability to the point that underlying hardware rather than economic constraints impose limits on blockchain growth 👉🏾
The fundamental problems affecting blockchain scaling are economic. Saito fixes these issues, allowing the team to build a massively scalable blockchain which achieves scalability by ensuring that payments flow to the nodes that spend money on network infrastructure 👉🏾
THREAD ABOUT $SAITO (#2):
1. Saito is a very new (May 2021) layer one blockchain built for Web 3.0 i.e. the decentralised Internet inc. large dapps e.g. gaming projects…
1. Saito is a very new (May 2021) layer one blockchain built for Web 3.0 i.e. the decentralised Internet inc. large dapps e.g. gaming projects…
2. The Saito blockchain is 1 x petabyte (1PTB) in size, making it the largest of all blockchains, hence it will have the ability to store and process huge amounts of information and transactions…
3. One petabyte of data is equivalent to 1,000 terabytes or 1,000,000 gigs of data storage. To put this into perspective, an average 4k movie is 100GB. This would mean 1 PTB of storage could hold 11,000 4k movies…
THREAD ABOUT $SAITO:
1. Yesterday I was contacted by my man Maximus (@wind_1919) asking for opinion re: some $Saito FUD posted on 4Chan…
1. Yesterday I was contacted by my man Maximus (@wind_1919) asking for opinion re: some $Saito FUD posted on 4Chan…
2. I replied, explaining that Blockchain 2.0 (i.e. $Saito) is just getting started, I also pointed out that it's backed by some v. serious VC's inc. NGC (Neo’s investment arm), GBV, Spark Capital & also Gate.io.
3. Any fundamental weakness in the Saito model imo would’ve been picked up and identified by these big brain investors.
