1/ 🚨GET HYPED🚨 The Fed is still ignoring inflation. Time for pt 2 of this bull run meaning more folks looking up "What is #btc"? Here's a megathread of the best #btc material. RETWEET! Crypto Twitter I'm almost at 1k followers, help me out :)
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NOTE: Twitter only allows 25 tweets per thread so this is just part 1! I have another ~20 resources in part 2 which I will be releasing tomorrow. Please follow to make sure you don't miss it.
2/ Remember, the media wants you to focus on the volatility of bitcoin’s price. It’s become mainstream to look at charts. If you’re new to bitcoin, the number one thing you can do is focus on education instead of price.
3/ Until you don’t understand the fundamentals, it will be easy for the media to trick you & for the price to scare you. The most important thing is learning. There is an entire twitter community where you can meet people who are going down their own rabbit holes. Learn & Share!
4/ I personally started this account to encourage myself to get involved. By writing threads on crypto and decentralization, I am forcing myself to read, learn, and share! On top of that, I’ve met so many amazing people in the crypto community.
5/ Every #btc resource guide absolutely must start with the pdf that changed the world. Here is Satoshi's whitepaper first released on Oct 31st, 2008. Don’t worry, it might not make sense the first time, but each time after will be more and more clear.
40/ Obviously the list can go on and on. This past decade has brought so many awesome thought leaders and content in the #btc and decentralization space. It’s truly incredible to see a community like ours grow so organically.
41/ Lastly...PLEASE retweet, like, and share this thread with anyone looking to get into crypto, investing, economics, decentralization, blockchain, etc.! Also feel free to add any resources I may have missed to this thread.
42/ If this thread was helpful, I really hope you can give me a follow! I enjoy teaching crypto & decentralization concepts through twitter threads. Hope I can do my part and provide value to bitcoiners through my writing. DMs are always open as well - I love meeting new people!
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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?
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."
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.
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: