(1/n) Last week @VitalikButerin did a social experiment and initiated a Twitter AMA for the folks he follows. While the thread in itself is gold, it nudged me to learn more about him.

In this 🧵, I'll explore his psychology beyond #Ethereum. Image
(2/n) Born in Moscow, Vitalik's parents moved to Canada to find better opportunities when he was six years old. The migration exposed him to the emerging Internet culture, which significantly contributed to his development. Here's young Vitalik's story: Image
(3/n) Children tend to get attached to material things too quickly. This overwhelming emotion fails any reasonable attempts at understanding its utility. Particularly true for toys and games - things that have relatively low functional value.
(4/n) Irrational or not, our childhood attitudes contribute to our personalities as we grow. While we evolve at several different levels, the child within us stays the same. The principle applies to young Vitalik - a strange genius, not too sociable, seeking solace online.
(5/n) He finds comfort in the game World of Warcraft, where he invests ample time and energy. However, a minuscule change in his in-game character's abilities enrages him.

He realizes how little he controls the world he thinks is his own.
(6/n) Thus began his journey to search for a new purpose in life. It was his father who first mentioned Bitcoin, but Vitalik was skeptical, as he did not understand how digital currencies could have value without any intrinsic value.
(7/n) But as he explored the fundamentals, he became more interested. He then started writing articles for bitcoin blogs and forums for 5 BTC ($15 at that time) per article, ultimately leading to founding @BitcoinMagazine along with @MihaiAlisie.
(8/n) In May 2013, he made a trip to San Jose, California, for the conference that would change his life.
Quoting him on the conference experience - "It really convinced me that, hey, this thing's (crypto) real and it's worth taking a risk and jumping into. So I did." Image
(9/n) He dropped out of college. And for the next six months, he traveled around the world, visiting bitcoiners and learning about the new projects pushing Bitcoin's limitations. The bitcoins he had got as a blogger were now accruing in value.
(10/n) When he returned to Toronto, he was convinced that he would build the next version of Bitcoin. Within a month, he drafted the initial whitepaper of Ethereum, which was Turing-complete, making it possible to deliver unimaginable digital use cases.
(11/n) He shared the whitepaper with his friends and asked them to circulate it within their circles. He waited for critical reviews from cryptographers and devs around the world for his apparent mistakes. But that never happened.
(12/n) As it turned out, the core of the project he was ideating was fundamentally sound. All that was left was its implementation. A couple of months later, he went to Bitcoin Miami and shared his idea on the stage; he got quite a standing ovation.
(13/n) The world realized that the idea was good, but it doesn't scale; it had limitations. He quickly formed a founding team to implement @ethereum in action. A hasty decision, as we all know, had led to massive halts in Ethereum development. A decision he still regrets.
(14/n) The founders decided to fundraise through a crowd sale of Ether, raising over 31K bitcoins from the crypto community, giving birth to the Ethereum we know today.

The rest is history!
(15/n) Apart from presumptions from the general public generalizing him as a genius and as someone likely on the spectrum.

There is a lot to @VitalikButerin's personality that meets the eye.
(16/n) He is extraordinarily articulate and knowledgeable across many disciplines. The primary drivers for building a revolutionary product that challenges centralization are a deep-rooted set of personal beliefs.
(17/n) In case you are unaware, @VitalikButerin is a passionate proponent of individualism and the freedom it entails. One of the things that I most identify with about him.

Also, he's different from most proponents of free speech.
(18/n) I have observed that people who participate in the traditional individual vs. collective arguments tend to take extremes.

However, with Vitalik, it has always been about striving for a balance between the two. It clearly reflects in this thread 👇
(19/n) But I have a concern with the utopian notion of striving for perfect balance.

Don't get me wrong, I do believe in limitless personal freedom. But, I also think that basic hierarchical structures are needed to outline accountability and decision-making responsibilities.
(20/n) These are concerns that even @VitalikButerin indirectly admits - by not supporting one aspect over the other but striving to find a middle ground.

I agree with him 100% in his opposition to censorship. Why should our ability to express ourselves freely be an illusion?
(21/n) Throughout his career, he has come out to support orgs that make a more significant societal impact. His support for @RadxChange and charities around the world is a testament to that.

We all know the 350 IQ move he made with $SHIB.
(22/n) Three quick facts that you didn't know:

- He loves Singapore and Toronto for their incredible "cultural mix";
- He has an IQ of 257; (Don't quote me on this, but we know he is a big brain)
- He is a math prodigy.
(23/n) Apart from being the youngest crypto billionaire, he has other accolades on his name:
- Thiel Fellowship, 2014
- World Technology Award, 2014
- Fortune 40 under 40, 2016
- Forbes 30 under 30, 2018
- Ledger 40 under 40, 2018
- University of Basel Honorary doctorate, 2018
(24/n) What sets him apart from other people within the industry is his indifference towards challenges, willingness to learn and experiment, and solid stance on what he believes in. Case in point, @ethereum scaling challenges.
(25/25) We need more people like him to stand firm and fight the battle against the concentration of power within a few hands. He is a constant inspiration that provokes us to think beyond our intellectual boundaries.

Go, Vitalik!

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More from @mohakagr

10 Sep
(1/n) Incentive programs have become the go-to growth hacks for Layer 1s.

Last night, @harmonyprotocol introduced their incentive program worth $380M to throttle adoption.

In this thread, I dissect the program and unravel the growing $ONE DeFi ecosystem.
open.harmony.one/300m-on-bounti…
(2/n) First, let's take a closer look at #Harmony.

The core vision for the chain is to allow devs to build products on Harmony and scale them across chains. It enables horizontal scaling via uniform sharding and achieves 2-sec finality with tx costs as low as 0.0001$.
(3/n) Now that the fundaments are out of the way let's dig deeper into the program.

Compared to incentive programs by #Celo, #Avalanche, and #Fantom, Harmony's program is far more detailed, with an explicit focus on achieving PMF and ecosystem growth.
Read 16 tweets
26 Aug
(1/n) @Visa recently bought a Cryptopunk for $150K. Let that sink in for a while!
Is this obsessive craze around NFTs unwarranted? Or are there valid reasons for it?

I'll attempt to explore the "why" in this 🧵

But before that, I've got a story to tell 👇
(2/n) Last week, I was chatting with a childhood friend. He asked me if I still had some Pokemon Tazos left.

I remember collecting them as a child. In fact, I was exchanging services from my friends for them.

I even ran the OTC, appraiser (school) desk for them - fun times!
(3/n) My friend recalled his similar obsession with the toy, Lego. While exchanging a few laughs, I realized how madly obsessed I was with something so material.

After the call, I began asking myself - why was I so fond of those pieces of plastic?
Read 26 tweets
16 Aug
(1/n) DAOs will be the future - for everything.
They will revolutionize the way organizations function and how people work. Too bold a claim?

Read this 🧵 as I explore the emergence of DAOs as a replacement to how human society is organized 👇
(2/n) Humans are driven by self-interest. It's true for even altruistic socialist governments where those in power work to preserve their self-interest.

This creates division and breeds inequality. How do we stop that?
(3/n) Create an autonomous organization that runs on principles written into code. Eliminate the need for one human to decide how an organization runs. Democratize the power of decision-making.

Let every member decide the future of the org they are part of.
Read 32 tweets
19 Jul
(1/n) MEV - a strategic way of making money or an accidental one?
What about the fairness of transactions for users?
Are users even aware of what it is in the first place?

All of this, and more in this thread 🧵 👇
(2/n) MEV stands for miner extractable value. It is the value that miners can derive out of transaction validation, specifically by optimizing the order of transactions. They can place profitable transactions first or duplicate users' transactions to make money.
(3/n) When you initiate a transaction, it goes to the mempool, and two actors try to extract value:
- Miners, who observe a pattern of transactions on a particular dApp;
- Trading bots who notice the pattern and start bidding higher fees on the same transactions.
Read 23 tweets
20 Jun
(1/n) The @Polkadot @kusamanetwork ecosystem is one of the most complex ones with #Parachain auctions, crowdloans, relay chains, and so much more.
If you have heard about these terms and want to do a deep dive, here's a 🧵
👇
(2/n) @Polkadot is a blockchain of blockchains, a Layer 0 that can communicate with other blockchains and their applications through parachain slots. The relay chain is the skeleton core that supports governance, NPoS staking, and auctions.
(3/n) @kusamanetwork, on the other hand, is the sibling of Polkadot, with its standalone network primarily based on a similar code. It's an experimental proving ground for early-stage dev and faster iterations. DO NOT mistake Kusama as the testnet for Polakadot.
Read 12 tweets

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