Thread for any "Newbs" in "crypto/web3" & ANYONE that's sat on the fence, wishing they invested, & think it's too late..
A simpler version..long, but informative! I hope..
Recently; I've been asked the same Q's: Whats the difference between Bitcoin? Vs other crypto currencies?
A simpler version..long, but informative! I hope..
Recently; I've been asked the same Q's: Whats the difference between Bitcoin? Vs other crypto currencies?
What's Blockchain tech? DeFi? "Web 3" infrastructure?
Is it all linked to Bitcoin/& price?
Do I need to have experience/knowledge to invest in KR1?
What makes @KR1plc so different from other "crypto stocks"?
Why are u all so excited about all this?
Ready for the 🐇 hole? 😂
Is it all linked to Bitcoin/& price?
Do I need to have experience/knowledge to invest in KR1?
What makes @KR1plc so different from other "crypto stocks"?
Why are u all so excited about all this?
Ready for the 🐇 hole? 😂
I realised that actually, a crazy amount just simply assume that Bitcoin is linked to everything/anything, that is crypto/Web 3/blockchain related...
So I'll try answer all those Qs below, in brief & more simpler terms, to give you a small insight of this beautiful/crazy world..
So I'll try answer all those Qs below, in brief & more simpler terms, to give you a small insight of this beautiful/crazy world..
Now...some - that have taken the time to gain some knowledge in blockchain tech, crypto currency, DeFi, Web 3 infrastructure - will laugh at some of those questions. To be honest, rightly so! However, we've got to remember that everyone starts somewhere, right?
Furthermore;
Furthermore;
with mainstream news playing ignorance - making out anything "crypto" related is Bitcoin 2017, "a bubble that will pop" BlaBlaBla🥱.. Scaremongering BS, stopping you from learning what's behind it all.
Let's stop that ignorance becoming infectious.
Ok...Let's get on with it..
Let's stop that ignorance becoming infectious.
Ok...Let's get on with it..
Well it all starts here. The Internet..
The Internet we have today is broken!
We DON'T control our data, nor do we have a native value settlement layer!
30 years into mass adoption of the internet, our data architectures are still based on the concept of stand-alone computers!
The Internet we have today is broken!
We DON'T control our data, nor do we have a native value settlement layer!
30 years into mass adoption of the internet, our data architectures are still based on the concept of stand-alone computers!
where data is centrally stored/managed on a server, & sent/retrieved by a "client".
Every time we interact over the internet, copies of our data get sent to the server of a service provider. Everytime tht happens, we lose control over our data.
So go back abit..world wide web
Every time we interact over the internet, copies of our data get sent to the server of a service provider. Everytime tht happens, we lose control over our data.
So go back abit..world wide web
"www." was the invention of what we called "Web one"
Pre www days, we could not connect "peer to peer". Yes, computers were used, but info stored on floppy discs had to be posted to peers, they'd have to insert into their computer to access the info.
WWW put an end to all that
Pre www days, we could not connect "peer to peer". Yes, computers were used, but info stored on floppy discs had to be posted to peers, they'd have to insert into their computer to access the info.
WWW put an end to all that
Alas! We could interact P2P via email, use search engines..
This was WEB 1..
10 yrs later the internet became more mature, programmable - we then adopted whats known as "Web 2". It bought us social media, e commerce platforms. Web 2 completely revolutionised social interactions!
This was WEB 1..
10 yrs later the internet became more mature, programmable - we then adopted whats known as "Web 2". It bought us social media, e commerce platforms. Web 2 completely revolutionised social interactions!
It allowed us to enjoy social interactions on a global scale!
Did much change on the surface with WEB 2? No, not really! We simply 'adopted it'. Similarly to the way we will when Web 3 comes into play..hold on...I'll get to that.
Now, these platforms have done incredibly well
Did much change on the surface with WEB 2? No, not really! We simply 'adopted it'. Similarly to the way we will when Web 3 comes into play..hold on...I'll get to that.
Now, these platforms have done incredibly well
at building the P2P economy, credit when due!
However; they now dictate all rules of transactions, they control the data of all users! Which is practically ALL OF US!
So this is where WEB3 comes in, the next stage of WWW.
It's time to move on..upgrade our systems/our tech..
However; they now dictate all rules of transactions, they control the data of all users! Which is practically ALL OF US!
So this is where WEB3 comes in, the next stage of WWW.
It's time to move on..upgrade our systems/our tech..
Which brings me on to blockchain tech, which I'm sure many of you have heard of. Now this is where Bitcoin association comes in..
In order to transfer Bitcoin and make payments; we use blockchain tech, which is where people wrongly associate ALL blockchain tech now with #BTC
In order to transfer Bitcoin and make payments; we use blockchain tech, which is where people wrongly associate ALL blockchain tech now with #BTC
Yes it got its "recognition" via Bitcoin using blockchain tech, but the way it's now being adopted into this Web 3 infrastructure that I just mentioned..it has no actual affiliation to an actual #BTC or price!
Huh?🤨
Ok. Soo - Blockchain reinvents the way data is stored/managed.
Huh?🤨
Ok. Soo - Blockchain reinvents the way data is stored/managed.
It provides a unique set of data (universal state layer) that is collectively managed. This unique state layer for the 1st time enables a value settlemnt layer for internet. It allows us to send files in a copy-protected way, enabling true P2P transactions without intermediaries.
It allows us to keep track records of pretty much anything you'll think of
I.e: property rights, identities, money, balances, medical records..without being at risk of any1 tampering with those records, or stealing our data. We're also able to send "digital money" from one wallet
I.e: property rights, identities, money, balances, medical records..without being at risk of any1 tampering with those records, or stealing our data. We're also able to send "digital money" from one wallet
to another securely, it's uses are endless! It's decentralised, far more secure!
No-one is able to change that piece of info once it's on a blockchain!
Basically, no footprints! No data stored on "central hubs"/being sold!
No telling us stop, don't pass go, don't collect £200.
No-one is able to change that piece of info once it's on a blockchain!
Basically, no footprints! No data stored on "central hubs"/being sold!
No telling us stop, don't pass go, don't collect £200.
A "decentralised" system means; unlike the current centralised system Web2 uses today - that has 1 main point of failure (everything linked to a server) there will now be no unique point of failure. No more nosy bastards steeling all our data/sending us adds about dental implants
& hair transplants everytime we scroll through twitter (or whatever's in your search history).🤫
On the surface; nothing much'll change for the average internet user, it's effectively a "backend" revolution, to go in hand with Web 2s front end revolution.
A set of protocols..
On the surface; nothing much'll change for the average internet user, it's effectively a "backend" revolution, to go in hand with Web 2s front end revolution.
A set of protocols..
technology - that intends to reinvent how the Internet is wired in its "backend" (Don't be rude!)
There's so much more, but just covering the basics.
Now..V.interesting, cheers pal, but how's crypto linked? & what's KR1 to do with all of that?
Calm down..I'm getting to it...
There's so much more, but just covering the basics.
Now..V.interesting, cheers pal, but how's crypto linked? & what's KR1 to do with all of that?
Calm down..I'm getting to it...
So basics understood on Web 3 infrastructure? - how/why we'll use it. U know, on the surface nothing scary'll happen, just adopted in day to day life. The same way we make a zoom call - use of technology. Or tell Alexa to play shallow, by gaga, use of technology - we simply adapt
On to "#Crypto"
DeFi - an abbreviation for decentralised finance. Basically everything I'm saying above about the way we'll use Web 3/blockchain tech, it's the same principles that I just explained - but the way in which we use our money, & the services, costs, etc, associated..
DeFi - an abbreviation for decentralised finance. Basically everything I'm saying above about the way we'll use Web 3/blockchain tech, it's the same principles that I just explained - but the way in which we use our money, & the services, costs, etc, associated..
Simply put, DeFi apps are by definition, financial applications. So monetary banking services are obvious use case for them; including the issuance of "stablecoins", mortgages, insurance. As blockchain industry is maturing, there is an increased focus on creation of stablecoins..
They're a type of crypto asset that's usually pegged to a real-world asset but transferred digitally with relative ease.
As cryptocurrency prices fluctuate at times, DeFi coins may be adopted for everyday use as digital cash that is not issued/monitored by a central authority.
As cryptocurrency prices fluctuate at times, DeFi coins may be adopted for everyday use as digital cash that is not issued/monitored by a central authority.
Again, soo much more to add, but I'm out of characters now.
So just briefly: KR1 are a LEADING digital asset investmnt company + mentors to many greats!
All the above; KR1's invested in winning networks that are creating all that tech RIGHT NOW! So buying shares in KR1/ $KEOEF
So just briefly: KR1 are a LEADING digital asset investmnt company + mentors to many greats!
All the above; KR1's invested in winning networks that are creating all that tech RIGHT NOW! So buying shares in KR1/ $KEOEF
= a piece of ALL the pies!
(Blockchain, DeFi, Web 3, etc.)
Far less risk than buying 1 "cryptocurrency" yet huge rewards.
Particularly when we adopt web3, very soon!
Lots more info/KR1 links on my page or join the Telegram group & we'll answer any Qs.
t.me/joinchat/SIFts…
(Blockchain, DeFi, Web 3, etc.)
Far less risk than buying 1 "cryptocurrency" yet huge rewards.
Particularly when we adopt web3, very soon!
Lots more info/KR1 links on my page or join the Telegram group & we'll answer any Qs.
t.me/joinchat/SIFts…
1 more thing...@Polkadot is 1 of the key ingredients to make Web3 a success, along with its many parachains. KR1 have over 3.2M+ #dot as a "free carry" generated through staking yeilds.
*WHEN* WEB 3 IS adopted fully. Watch where the price of #Polkadot is. & KR1 for that matter!
*WHEN* WEB 3 IS adopted fully. Watch where the price of #Polkadot is. & KR1 for that matter!
@threadreaderapp unroll
Thank you @ablokecalledtom.
This is the part one thread mate.
(May have to scroll to the top for a few mins 😂🤦🏽♂️)
This is the part one thread mate.
(May have to scroll to the top for a few mins 😂🤦🏽♂️)
I've had a few messages now RE the KR1 telegram chat link expired.
Apologies, try this link: t.me/joinchat/SIFts…
Apologies, try this link: t.me/joinchat/SIFts…
@threadreaderapp thread unroll
If you'd like to continue reading more about KR1, and their investment in @Polkadot, and @ethereum, and why they (many others, and I, too) are so bullish on it.. then please head to the article below. Very interesting read. 👇🏾
https://twitter.com/RS_Fintwit/status/1390291778365005828?s=19
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