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31 May, 4 tweets, 1 min read
My goal is to write 365 threads by Memorial Day, 2022 (inspired by @10kdiver ). I am going to learn, understand, and share as much as I can. My focus will be on crypto, decentralization, and some misc. theories I come across. Please follow if you’re interested!
Here are some sample threads if you are interested to see my writing and thread structure:

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More from @yb_effect

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1 Jun
[2/365: The Rise of Money]

1/ Money is taken for granted today, but have you ever stopped to think about why we need money? The answer seems so simple, yet few are able to explain the reasoning. Let’s discuss how the inefficiencies of bartering led to the rise of money. 🧵
2/ In grade school, lunch time in the cafeteria would be like a trading floor on Wall St. I would give my friend a Cheeto in return for a Dorito. Others were trading Oreos for Cheez-Its. The possibilities were endless and the times were crazy!
3/ Those moments demonstrate what bartering is: the direct exchange of commodities. Notice how I got exactly what I wanted (i.e. Dorito) and my friend got exactly what she wanted (i.e. Cheeto). There was no money involved and we were both happy! So why don’t we do this today?
Read 14 tweets
YB Profile picture
1 Jun
1/ "The last time longs were this heavy, Bitcoin price rallied from $12,000 to $64,000 in less than one year."

bitcoinist.com/whale-watching…
2/ Point #1: "Right now, whales on the long-standing crypto exchange Bitfinex have amassed one of the largest collective long positions ever."
3/ Point #2: "Past data shows these signals are rarely incorrect and that watching for what positions whales take can help to understand when the tide is about to change." Image
Read 4 tweets
YB Profile picture
1 Jun
[1/365: Stages of Money]

1/ Money is not just what you give at the cash register in return for some coffee. Rather, money actually evolves through different use cases. To explain the stages of money, let’s compare it to a relationship (yes, you read that right). 🧵
2/ Typically, the first part of any relationship starts with the honeymoon/talking phase. Both people are first physically attracted to each other and like the idea of being together. Essentially, it’s the discovery process where attractiveness stems from a few, basic properties.
3/ This translates to the phase of money known as: Collectible. Money starts off as an item that has unique enough properties for people to have a desire to collect & hold (i.e. beads, shells, etc). No one knows if item x is going to be the next ubiquitous form of money or not.
Read 16 tweets

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