Discover and read the best of Twitter Threads about #wwgowagmi
Most recents (1)
Cryptocurrency in theory: transactions enforced by code, you don't need to trust anyone, money can instantly go anywhere, banks can't stop you
In practice: transactions enforced by bugs in code, you can't trust anyone, money can instantly go anywhere, banks can't help you
In practice: transactions enforced by bugs in code, you can't trust anyone, money can instantly go anywhere, banks can't help you
Traditional banking: your funds are secured by an intrusive apparatus of government surveillance and a set of hoary laws passed in the 1930s
Cryptocurrency: your funds are secured by a long, random integer in the wallet app your spouse just deleted to make room for Candy Crush
Cryptocurrency: your funds are secured by a long, random integer in the wallet app your spouse just deleted to make room for Candy Crush
Fiat money: a social fiction sustained by the implicit threat of state violence that will lose all value when society collapses
Cryptocurrency: a borderless, anarchic store of value that will endure for as long as there is power, internet, and millions of servers running it 24/7
Cryptocurrency: a borderless, anarchic store of value that will endure for as long as there is power, internet, and millions of servers running it 24/7
