Thread by @TheStalwart

10 THINGS YOU CAN SAY ABOUT WEB 3.0 TO BULLSHIT YOUR WAY THROUGH THANKSGIVING DINNER

For today's @Markets newsletter, I've done a service for you, which I will now post as a thread.

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@markets 1/ "The internet is at a fork in the road: Do we want a future on Mark Zuckerberg's servers, or do we want to build on top of networks with data we own and identities that we control? Because that is precisely what's at stake here."

@markets 2/ "Imagine never having to come up with a username or password ever again. Your crypto wallet *is* your sign-in."

@markets 3/  "Could bad actors use the technology? Sure. But that's the case with any technology. The opportunity now is for the U.S. government to embrace it!"

@markets 4/ "The huge energy consumption of crypto is undoubtedly a problem. But some networks are using something called proof-of-stake, which requires much less electricity. And Ethereum plans to transition to that eventually."

@markets 5/ "Memetic reproduction has always been the essence of culture. NFTs simply make this more explicit."

@markets 6/ "It's all about the Elon Markets Hypothesis. If Elon tweets about it, it's valuable."

@markets 7/ "Sorry, but there's only one coin that's actually doing what it's set out to accomplish and that's Bitcoin. Millions around the world are using it as a decentralized store of value, while political dissidents across the globe see it as a tool to escape authoritarianism."

@markets 8/ "The fees are high, because space on the blockchain is valuable and worth paying up for."

@markets 9/ "Owning your own vault is cool. Owning your own liquidity is cooler."

@markets 10/ And then finally, if none of that works, you gotta go with this strategy...

@markets Hopefully this helps you survive, thrive, and WIN tomorrow.

Please sign up for the newsletter here. I think I might write something else crypto related for Friday bloomberg.com/account/newsle…

Oh and always thanks to @Freddygray31 for the format inspiration. His Bluffer's Guides are always some of the best stuff online.

@Freddygray31 And now you can read them all here as part of @LorcanRK's 5 things newsletter online bloomberg.com/news/newslette…