It's really good, essentially it is using all the energy and faith involved in a representation of money as collateral for lots of other social and financial applications that weren't possible prior
this is partially why kleros is so cool, although it might not be kleros that succeeds and whatever succeeds will take a while to materialize. With crypto there are new sorts of incentive structures that can be built that float on top of a digitized version of secure money
Another project I really like is aave, which is basically a lending/loan platform enabled by crypto that blows traditional loans/loaning out of the water. The mechanics of crypto allows for a decentralized and algorithmic market that is more honest and efficient
alchemix is also really cool in this respect, although I still have a hard time wrapping my head around it 100%. With aave though I know somebody who does use it and is involved in finance and small business stuff and really likes it, and he is more into real finance than me
none of this is to say that you should buy these and they're going to 10x or 100x, although it's also not saying that you shouldn't buy them and you won't. It's just saying that I really find the cool applications that are now possible from crypto to be what is interesting to me
the whole space is extremely world changing and exciting on a technical and philosophical level, it is just that most of this is buried under mounds of greedy human trash. The amount of greedy human trash speaks to just how impactful crypto will be long term

• • •

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

Keep Current with Paul Drifter🦠

Paul Drifter🦠 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 @RealOldPaul

2 May
realize all the outsiders who succeed aren't going to want to join the insiders, they're going to have disdain and hate for insiders and do their best to punish them for their undeserved comfort and status
I've earned all the positives and reputation that I've gotten, I will leverage that to hurt and degrade those who were born into the position I earned without doing any of the work for it
it's not resentment, it's disdain and disgust
Read 5 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!