1. Hello again! I've been thinking for a while to write this thread and this is time!
My thoughts about #crypto ecosystem, what it looks like to me and what can happen in the future! It's gonna be huge thread, so fasten your belts!
$ftm
2. I previously wrote a thread about #ren, and how it is similar to silk road 1500 years ago. And it feels like we are building cities. But not as traditional cities, we are building cities on internet.
3. In those cities we have our own #currencies, our own #governance, our own #banking systems, our own economical features, our own communities. And with the development of internet, we don't need land or place for social gatherings.
4. Instead of #parliament we have #telegram or #discord for example. Instead of #voting with ballots, we have on-chain #governance.
5. And #ethereum is like Istanbul (not Constantinople) or New York. It's the biggest city out there. It's the first city, all the development is there, and because there is so much development, people want to be part of that city.
6. And it's not going anywhere. At least not in near future. But the problem is, it's congested, its traffic sucks.
You have to wait 1 hour in traffic just to go to a restaurant or smt.
7. And the main difference in #ethereum with real life traffic is:
In real life, everybody has to wait. No one can pay money to fly or smt.
But in #ethereum you can pay more to make instant transactions.
8. And the rich can pay so much that gas fees are skyrocketed. It's not like they don't want to pay for it.
It's that expensive because they want to take their profits sooner.
It's a demand issue.
9. But it's a hell for new developers. They can have some brilliant ideas, or excited to build, but if they don't have at least 100k $ in their pocket, it's not possible to deploy a protocol in #etheerum.
10. And #fantom feels like a new city. We are building our own city from scratch.
It's not as big as New York right now, but we are getting there slowly buy surely.
11. And because it's a new city, it is so cheap to build. There is no traffic. There is no congestion.
And not just that, but we have modernized roads, modernized houses etc.
It's more optimised than New York, just waiting to be explored.
12. Even if we achieve to be as big as New York, New York is not going anywhere. That's why we are #ethereum helpers. Not killers.
And we can achieve more if we can communicate and make business with New York right?
#ren is building that bridge for us to communicate.
13. There are so much development going on, and it's really cheap to build on #opera. Why?
Because New York is so congested that it doesn't want any more people.
But we welcome any people who is good at building something. We need developers, we need builders etc.
14. We are going to be as big as #ethereum one day, then maybe we can get in a race with it.
You can't race with it until there is as much as development on your city.
But we are getting there.
15. @unitprotocol @ProtocolGravity @DeusDao decided to build in our city this week. There is much more to come i hope. And i am thankful for them to be here!
16. It feels like i can't stop writing this thread, so let's end here. But to conclude, we as a community can build the city together.
If we sit and wait, and tell developers to do some shit, it will be slow and bad environment for the actual developers.
17. But if we get some hammer or something and start building, for example i'm not that good at tech development but i'm trying to explain things to people, and maybe i can inspire some of you to develop here, we will be as strong as steel.
18. We are as strong as our development.
Our city can be as big as we dream it to be.
Personally i don't like to dream ordinary. I like to dream big.
And this is a place to dream big.
Come to build on #opera, as #fantom community, we will appreciate your work here!
19. Thank you for reading! Let's meet in another thread! $ftm Image

• • •

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

Keep Current with IntroToDefi

IntroToDefi 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 @DefiIntro

15 Feb
1. As promised, this is a thread about @AaveAave and #flend! AAVE is a lending/borrowing protocol that evolved the #defi ecosystem to the next step! It's gonna be a long thread, let's start!
$ftm
2. In order to understand the decentralized way, we first need to understand the traditional way.
As always i'll try to make it as easy as it can be!

So we first need to understand how banks make money.
3. Let's say you have 1000$ in your pocket and you want to deposit your #money to a #bank, because they give some #interest to you. Let's say your bank gives %1 interest rate for 1 year lock.
Read 20 tweets
24 Jan
1. Today's last thread. It's not about $ftm, but a project i love. It's about @CoverProtocol. Despite the last bug news, i still love the project. I hate middlemans all my life, and insurance companies are one big middle mans. Let's start.
2. If you think about insurance, it's like a reversed lottery. In lottery you win by a small chance. For example you buy a ticket for 5$, prize is 1000$, but you have a chance of 1/1000. Lottery ticket's value is 1$, but they sell it for 5$.
3. Insurance is reversed of that. Let's take fire insurance for example, and for this thread. 1000 people buy insurance for 500$, and a cost of fire is 10.000$, and fire risk is %1. The company sells 100$ insurance for 500$ and take profit.
Read 15 tweets
24 Jan
1. This is going to be a huge thread about #fantom $ftm. All my thoughts and speculations. Do your own research before getting any. But i would like to share my knowledge and research with you all.
2. Fantom has signed a deal with DABS, which is the biggest energy/electricity distributer in Afghanistan. And Afghanistan has raw minerals worth about 3 Trillion dollars. Especially lithium is important for modern smart cities.
cnbc.com/2017/08/18/tru…
3. This 3 trillion dollar worth of natural resources make Afghanistan a warground. Everyone wants a piece of that cake, so no one gets it. It was a lose-lose situation for a long time. China even offered bounties to kill US soldiers to Afghan militans.
dw.com/en/china-offer…
Read 19 tweets
24 Jan
Someone asked why #fantom is the best #DeFi coin? Let's answer that.
First of all, for finance you need instant tx speed and low costs. There are many daytraders in the space and in the world, that can not afford to wait minutes if not seconds. Fantom's consensus algorithm covers that.
Secondly, fantom has a finance built in the wallet. It's one of a kind. All the finance apps are built as dapps. But in fantom, you can make everything from a single wallet. You can send, receive, make bets on other cryptos and even gold-silver-oil and there are more to come.
Read 7 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

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

Donate via Paypal Become our Patreon

Thank you for your support!

Follow Us on Twitter!