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4 tweets,
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Read on Twitter
Bitcoin Twitter is a fascinating phenomenon
It's a marketplace of ideas and information. The currency traded is social status. People are putting their reputation on the line in a renegotiation of the fundamental fabric of money and how it should integrate in our future.
It's a marketplace of ideas and information. The currency traded is social status. People are putting their reputation on the line in a renegotiation of the fundamental fabric of money and how it should integrate in our future.
Historically the process of finding a mutually beneficial form of money was a slow process. Today we see this happening at a rapid pace. Ideas are exchanged globally in an instant. Everyone has the opportunity to contribute and rise up in the competence hierarchy.
It also gives us an insight into Bitcoin's social immune system. Once players on top of the competence hierarchy show a lack of logical consistency or moral integrity, they get called out ruthlessly. It's a naturally emergent system of checks and balances.
However, it should be noted that Twitter is in no way a representation of "the community". There's plenty of people who don't participate in the public debate on this platform. Bitcoin is way bigger than this little bubble.
