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Jul 11 • 15 tweets • 13 min read
#BIRDLOVES101s!

Finally something I can pin to my profile… A (mega)thread 🧵 I’ve always wanted to make for #CryptoNewbs!

Courtesy of all I’ve learned from the #CardanoCommunity. Some tweets are mine, most are from others!

Have fun! I wrote this first one for you 🥰
2/ Simply the most elegant metaphor I’ve ever seen about multi-layer protocols in blockchain (i.e. L1, L2, L3, etc.)

@RichardMcCrackn deserves an award for this.

#BirdLoves101s #CryptoNewbs
3/ Why get involved in crypto at all? By whale:

#BirdLoves101s #CryptoNewbs
4/ Don’t understand fungibility? NFTs and FTs?

I got your back in 3 tweets.

#BirdLoves101s #CryptoNewbs
5/ If you can understand and follow 100% of this video, you deserve to be in Cardano Twitter.

Truly the moment I fell in love with the slow-and-steady architecture of Cardano.



#BirdLoves101s #CryptoNewbs
6/ Visualization of eUTxO and Cardano blocks getting minted in real time. H/t Peter Oravec!

eutxo.org

#BirdLoves101s #CryptoNewbs
7/ Favorite graphic ever for imagining ALL the possible utilities of NFTs.

(#NOTaJPEG 😤😤)

#BirdLoves101s #CryptoNewbs
8/ Brilliant 1-tweet from Flan explaining account/balance vs. eUTxO record-keeping model.

#BirdLoves101s #CryptoNewbs
9/ One more from me! But not really 😉

Semi-transcription of an INCREDIBLE conversation between some key #Cardano voices about investing AND building safely in crypto.

#BirdLoves101s #CryptoNewbs
10/ A beautiful long read by @goofy_crisp about why many in our community place our bets on #Cardano.

#BirdLoves101s #CryptoNewbs
11/ Cardano #NFT starter pack! 😎

#BirdLoves101s #CryptoNewbs
12/ Another brilliant one from Flan that I think people at all levels of understanding in crypto can appreciate.

Words are powerful!

#BirdLoves101s #CryptoNewbs
13/ Thinking about BUIDLing in Cardano? In crypto period? Health, wellness, and balance are everything.

A cautionary tale and a true story.

#BirdLoves101s #CryptoNewbs
14/ I don’t know @iam_preethi but her really concise thread on distinguishing consensus from >51% (“Sybil”) attack resistence protocols was EXACTLY what I needed to write my big 101 thread for crypto newbies.

Thank you! Really digestible read.

And h/t @ArmySpies

#BirdLoves101s
15/ Next time someone tries to downplay the importances and rigors of peer-reviewed research in crypto (and hence, in #Cardano), recite to them this incredible thread by @CardanoNOW.

#BirdLoves101s #CryptoNewbs

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More from @birdabioma

bird Profile picture
Jul 11
1/ USE CRYPTO IN A SENTENCE (a 101 newb-friendly megathread I wish I had 🥹🧵):

Going in the 101 folder.

Let’s go verrrry, very slow up the learning curve ⤴️, simple to complex.

You’ll be “DYOR” and “HODLing” at your next team happy hour before you know it. Cheers to joy. 😎
2/ The Basics:

In any society or social situation, you have things of “value” (i.e. goods & services). Give something valuable, receive something valuable in return.

$30 cash 🤝 $30 gas

Highest bid 🤝 nice painting

Good credit 🤝 car loan

X of my chickens 🤝 Y of your goats
3/
 In a robust system (an “economy”), every time something of value is exchanged (a “transaction”), the exchange is recorded (stored to some kind of “record.”)

Imagine a giant book full of these recorded transactions. We’ll call it a “ledger.”
Read 34 tweets
bird Profile picture
Jul 11
A vending machine has Coca-Cola. Cost = $1. I have two $1 bills in my pocket. Either one? I get a coke.

My $1 bill? Fungible.

The pres of US autographs my $1 bill. Vending machine still sees my $1 as $1 = Coca-Cola. But humans? Worth $200. $2k. $200k.

My $1 bill? Non-fungible.
“Fungible”: adjective.

Derives from Latin root “fungi,” meaning in English “perform.” Or “to function.”

(From etymonline.com) “Fungible” means: “capable of being used in place of another.”

“Capable of being replaced.”
“Fungible” means “function-able.”
✅ $1 = $1.
✅ £1 = £1.
✅ ¥100 = ¥100.

Non-“fungible” means “not function-able.”
❌ My $1 (autographed by POTUS) is worth more than your $1.
❌ My £1 (for w/e reason) > your £1.
❌ My ¥100 (for w/e reason) > your ¥100.

etc.
Read 4 tweets
bird Profile picture
Jun 20
(🧵) A Crypto Community Manual on Red Flags 🚩 and Good Financial Hygiene 🧼! Highlights, pointers, and quotables, and highlights from today's #ProofOfCommunity space with @ADAOcommunity.

twitter.com/i/spaces/1ynKO…

(H/t to all speakers cited! Highly paraphrased for concision):
1-1/ General guidance (⚓️)

⚓️ @SCATDAO: "My first question when potentially investing in any asset: Does this project's idea make sense?"

⚓️ @BullishDumpling: "Even if I see red flags and other warning signs, I don’t instantly think 'scam,' it just heightens my caution."
1-2/ (⚓️)

⚓️ @AILovetru: "In crypto there is no customer service. One wrong move COULD be catastrophic."

⚓️ @NilsCodes (Nils): "Though we are trying to get away from traditional finance, that doesn't mean TradFi didn't come up with good concepts on how to keep things safe."
Read 20 tweets
bird Profile picture
Jun 19
One thing that is true: all these moments of VC-backed cartilage in Cardano make it so difficult to hold the attention of people with bad faith in crypto, argue science in the direction of their skepticism, argue for the value offering of Cardano.
Just another reminder that CeFi dressed as DeFi harms us all. I could care less about the bear market, I’m investing on discount. But I’m not just here for my pockets: all of these systems should be more fair and prosperous for everyone.
Difficult af to convince anyone about Cardano or any chain rigorously proposing something fairer, more prosperous when traditional systems and forces are showing the exact opposite.
Read 5 tweets

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