Rrezon Profile picture
Jun 18, 2019 9 tweets 3 min read
is targeting the one sector of which everyone at #bitcoin was hoping to target the unbanked, according to its white paper there are 1.7 Billion adults out of the financial system, meaning no access to a traditional bank. #FacebookCoin #Facebook 1
in its white paper stresses out that people with less money pay more in transfer because of fees of which in this part is not fee-less also unlike ... 2
is actually well aware on the economic benefits of providing such a service for more commerce across the world and it undeniably boost the cryptocurrency and blockchain adoption. 3
is not only a stable-coin (Low-volatility) pegged to USD but decentralized #blockchain "Libra Blockchain" and a smart contract platform as well. #SmartContracts #Ethereum #Neo #ADA 4
is fully backed by a reserve of real assets as a pool of bank deposits and short-term government securities will be held in the "Libra reserve" for every new as of which they come from two sources Invest ors and Users. 5
will grant the returns to the early investors last once the network is successful and other costs are covered such as operational and engineering costs then the remaining of the returns will be delivered as dividend. 6
will start as a permissioned blockchain you need to have access to run an actual node of the blockchain with the intention of changing to a permissionless blockchain (Anyone can run a node) However, the network is open to everyone. 7
blockchain and Reserve will both be governed by an indepndent non-profit organization called the association through a council consisting of its founding fathers, businesses NGOs and Academic inst. worldwide.8
is also in its initial stage and still developing as it will be coming out in 2020. However, as for its success and its impact on the space itself we will be here to witness it <--- a short summary from its white paper. 9

• • •

Missing some Tweet in this thread? You can try to force a refresh
 

Keep Current with Rrezon

Rrezon Profile picture

Stay in touch and get notified when new unrolls are available from this author!

Read all threads

This Thread may be Removed Anytime!

PDF

Twitter may remove this content at anytime! Save it as PDF for later use!

Try unrolling a thread yourself!

how to unroll video
  1. Follow @ThreadReaderApp to mention us!

  2. From a Twitter thread mention us with a keyword "unroll"
@threadreaderapp unroll

Practice here first or read more on our help page!

More from @RrezonAbazi

Oct 6, 2020
When two types of players on an exchange market with different preferences and endowments independently submit the quantities of the goods they wish to exchange, communication is crucial to limit the collusive effect from the opposite sides. 1/7
These decision makers tend to behave in a particular way that involves conflict thus leading to a social dilemma on the basis of conflict between individual and collective wellbeing i.e prisoner’s dilemma. 2/7
Therefore, money has been introduced as a tool to improve life in society by the exchange and reallocation of goods, facilitating interaction between sellers and buyers of different goods. 3/7
Read 7 tweets
Sep 23, 2020
What the *actual fuck* is going on with these DeFi Staking models!!

Defi is implemented through stored smart contracts on a public distributed ledger which in return can automatically be executed upon financial instruments and digital assets.
More so, the properties of this immutable public ledger guarantee publicly audited content.

Open finance is one of the stepping stones of new regulation designs and building approaches, potentially enhancing the transparency and accountability of finance and regulation.
Now there is plenty of room for further comments in different DeFi properties as they mostly focus on active decentralized margin trading (automated markets), token lending and borrowing, price oracles and financial derivatives
Read 4 tweets
Jul 5, 2020
In Summer's Heat by Ovid:

In summer's heat and mid-time of the day,
To rest my limbs upon a bed I lay,
One window shut, the other open stood,
Which gave such light as twinkles in a wood
Like twilight glimpse at setting of the sun,
Or night being past and yet not day begun. Image
Such light to shamefaced maidens must be shown,
Where they may sport, and seem to be unknown.
Then came Corinna in a long, loose gown,
Her white neck hid with tresses hanging down,
Resembling fair Semiramis going to bed,
Or Lais of a thousand wooers sped.
I snatched her gown, being thin the harm was small,
Yet strived she to be covered therewithal,
And, striving thus as one that would be chaste,
Betrayed herself, and yielded at the last.
Stark naked as she stood before mine eye,
Not one wen in her body could I spy.
Read 5 tweets
Jun 19, 2020
The value of the rights that have been exchanged determines what has been exchanged, linked to commodities or services.

The social impact of property rights convey the right to benefit or harm either one self or others
Competitive advantage— superior product quality harms the competitor (cannot shoot him) but benefits the owner.

One benefits by shooting an intruder but is prohibited from selling below price floor.

Thus, the relationship between property rights and externalities intensifies.
Therefor, beneficial or harmful effects are converted into externalities through the cost of having to bear the consequences by the interacting parties.
Read 4 tweets
Apr 25, 2020
Thread:

#Betrayal is a source of a mental contamination, impacts of a trauma that create moral conflicts, one is vulnerable to the illusion of being significant pushing the limits and going against his own kind, following a false narrative.

Betrayal is an act of cowardice, associated with damaged self-esteem, shock, self-doubting and anger.

Bearing ugly connotations of deception and dishonesty of a disgusting person who turns against his own, to betray their trust on behalf of an outsider (a foreign government)
Spartans a fierce nation of undefeated warriors, decades after #Persian attempts on invading #Greece, fell due to the betrayal of #Ephilates member of the Greek Malian tribe which chose discretion over valor to collaborate with Persians. Image
Read 8 tweets
Apr 22, 2020
One of the biggest challenges in electronic financial transactions we have had so far has been the high transactional cost / fees, including different bitcoin forks i.e btc the most costly one so far.,

1/6
This is due to the narrative fallacy and the path these forks of #Bitcoin have chosen to build and create their model on, while there might still be hope if all goes well with the original protocol follower like the #Bitcoin SV
The most famous fallacy is the hodl and digital gold model, it contributes nothing to what the satoshi white-paper indicates or had envisioned for its invention. To unlock the endless opportunities of #bitcoin itself in micro-payments and a virtual utopia fueled by it.
Read 6 tweets

Did Thread Reader help you today?

Support us! We are indie developers!


This site is made by just two indie developers on a laptop doing marketing, support and development! Read more about the story.

Become a Premium Member ($3/month or $30/year) and get exclusive features!

Become Premium

Don't want to be a Premium member but still want to support us?

Make a small donation by buying us coffee ($5) or help with server cost ($10)

Donate via Paypal

Or Donate anonymously using crypto!

Ethereum

0xfe58350B80634f60Fa6Dc149a72b4DFbc17D341E copy

Bitcoin

3ATGMxNzCUFzxpMCHL5sWSt4DVtS8UqXpi copy

Thank you for your support!

Follow Us on Twitter!

:(