Keep Current with Gigi ⚡🧡

Gigi ⚡🧡 Profile picture

Stay in touch and get notified when new unrolls are available from this author!

Read all threads

This Thread may be Removed Anytime!

PDF

Twitter may remove this content at anytime! Save it as PDF for later use!

Try unrolling a thread yourself!

how to unroll video
  1. Follow @ThreadReaderApp to mention us!

  2. From a Twitter thread mention us with a keyword "unroll"
@threadreaderapp unroll

Practice here first or read more on our help page!

More from @dergigi

Nov 25
The internet never had a native currency, so it had to use a surrogate: attention.
Due to the lack of a digital native money, we had to use credit (IOUs) to send money electronically. Fraud & chargebacks made micropayments impossible.
Two models evolved:

1) "You are the product"
...which uses attention & user data as a currency

2) "Subscription hell"
...which uses credit IOUs, which requires full control & KYC, and doesn't allow for micropayments (it's always ~$5 or more, nothing else would be profitable)
Read 14 tweets
Nov 23
Someone made a table comparing the percentage drawdowns of all cycles, showing that they declined over time (which is also visible in this graph).

2012: -95%
2015: ~85%
2019: ~80%
2022: -75%

Anyone got a link to the table or exact data?
Apologies for crowd-sourcing all this, but I have to get this done in the next ~15 minutes and I don't trust myself looking it all up as I'm way too sleep-deprived 😅
Read 4 tweets
Nov 23
I hope to publish some long-form thoughts about it at all soon.

For now, there's this:

dergigi.com/2021/12/30/the…
There is also a community-effort around hashing out the ideas and technologies of #value4value, see value4value.info

Feel free to create PRs, or join the chat and chime in!
Read 4 tweets
Nov 23
Humbled by the generosity of the #Bitcoin community. Thank you for all the #V4V, not only in terms of sats, but also in terms of remixes and translations.

Time, talent, and treasure. 🙏🧡
My most recent piece was already translated multiple times, links below:
Read 11 tweets
Nov 20
Dear Crypto & Fiat Bros,
you're probably not going to believe this, but I was you once.

I thought that #Bitcoin was stupid.
I thought that "crypto" was the future.
I was wrong.

Here is what changed my mind:
I didn't understand what Bitcoin was or why it was important, because I didn't understand what money was or why it was important.

That's also why I was easily fooled by shitcoins.

I got rekt, and I learned.

I learned that money printing is unproductive and immoral. I learned that #Bitcoin was different. Independent from the centralized exchanges that are doomed to fail.

Mt. Gox was my first lesson.

Read 10 tweets

Did Thread Reader help you today?

Support us! We are indie developers!


This site is made by just two indie developers on a laptop doing marketing, support and development! Read more about the story.

Become a Premium Member ($3/month or $30/year) and get exclusive features!

Become Premium

Don't want to be a Premium member but still want to support us?

Make a small donation by buying us coffee ($5) or help with server cost ($10)

Donate via Paypal

Or Donate anonymously using crypto!

Ethereum

0xfe58350B80634f60Fa6Dc149a72b4DFbc17D341E copy

Bitcoin

3ATGMxNzCUFzxpMCHL5sWSt4DVtS8UqXpi copy

Thank you for your support!

Follow Us on Twitter!

:(