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Qiao Wang @QWQiao
, 31 tweets, 9 min read Read on Twitter
0. Crypto’s killer app will be letting open source developers capture value.—@decentralion
1a. Crypto is struggling with mainstream adoption because there are entrenched competitors in payment. — @decentralion
1b. The biggest threat to your favorite cryptocurrency isn’t its fork or another cryptocurrency, it’s a more convenient form of digital fiat. —@anatocismos
10. Hyperbitcoinization is ludicrous. DM (developed markets) central banks are doing a great job. — @Crypto_Macro
11. Not many people care about control / manipulation by financial industry as long as their paycheck is slightly above their expenses. Revolution is far. — @PareenL
100. Security via adoption, i.e., so that it’d be politically costly to attack, is as important as technical security. — @robustus
101. Bitcoin’s censorship resistance is currently limited by social and political context. It remains to be seen if crypto’s technical advantages will be accessible beyond wealthy investors & traditionally regulated institutions. — @La__Cuen
110. Self-sovereign data has a terrible product-market fit. Our society currently values convenience. Need some very clever custody solutions to accommodate self-sovereign + convenience. — @mpraver1
111. Social scalability is at least as important as technical scalability. — @lrettig
1000. The word “cryptocurrency” is a barrier to widespread adoption and in less than five years we will never use the term and cringe at it the way we would “information superhighway”.— @timfrietas
1001. How much a project raised doesn’t matter, especially if they raised too much. — @OguzSerdar
1010. Most influential people here are doing shady backroom deals and constantly dumping worthless ICO tokens on retail with massive profits. —@OguzSerdar
1011. Accredited investor rules exist for a reason. — @nic__carter
1110. Bitcoin is not digital gold, it’s quasi-fiat community money. This means monetary policy can be changed with simple node operator consensus. — @TokenHash
1101a. Credit systems built on top of Bitcoin are inevitable and should be welcomed. — @arjunblj
1101b. Non full reserve Bitcoin banks will be influential. — @nic__carter
1101c. Fractional lending is society’s choice and adds value to society. Regulatory hurdles aside, any trusted crypto institution could become a fractional lender in a jiffy. Coinbase should soon be a fully regulated bitcoin bank with fractional lending. — @Crypto_Macro
1110a. Bitcoin’s limited supply will be a problem. — @Crypto_Macro
1110b. Fixed supply cryptocurrencies may be impossible. — @nic__carter
1110c. Bitcoin will eventually lift the cap on its 21 million coins or risk extinction. —@Ether0x
1111. Securities lifecycle management is a bigger deal than tokenizing the register. — @prestonjbyrne
10000. Tokenizing securities is a great idea. For now the most innovative and interesting companies are not publicly traded as there is such an abundance of capital and IPO is hard. There needs to be a middle ground between VC shark money and publicly traded. — @aalexis1234
10001. Less so these days, but devs in 2013/2014 didn’t grok when I wanted to build software for blockchain tokens, saying there’s going to be millions of them. We still haven’t seen anything yet. Inflection point is coming. — @simondlr
10010a. People will opt for custodial risk reduction and use Coinbase as their crypto bank long term. No one wants to manage their seeds. — @GenMeasures
10010b. People want custodians. Complete ownership / responsibility will scare the shit out of them. — @PareenL
10011. If we don’t ship a password reset protocol it is all ending up back in banks. — @ricburton
10100. Stable coins are inherently shit coins unless they’re asset backed. — @gabrielferrin_
10101. Stellar and its tech will continue to be one of the most successful Crypto-related endeavors. — @AriMNazir
10110. In 10 years proof-of-work will be obsolete. — @JaEsf
10111. All crypto currencies should be treated as securities for regulatory purposes. — @IvanTheK
11000. Bitcoin has a theoretically calculable implied cash flow from which a fair valuation can be derived. You can think of people who make transactions in Bitcoin as temporary renters of the network, while the hodlers are the network’s landlords.—@TheStalwart
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