1/ Solana was backed by one of the biggest frauds in history. The media portrayed him as a boy genius wunderkind, which made people want to invest in this average blockchain. Now he is disgraced and facing life in prison. 2/ FTX committing fraud and stealing customer funds to invest in Solana projects was the main reason anything was successful on Solana. Now all that money is gone and FTX will forever be negatively associated with Solana.
Sep 27, 2020 • 15 tweets • 2 min read
14 easy ways to shut down a BiTcOiN MaXiMaLiSt and make them realize they should stack ETH before it’s too late 👇
BM: ETH was rolled back in the early days and isn’t immutable.
Me: Bitcoin was also rolled back in the early days and by your definition is also not immutable.
1/2/
BM: Ethereum did a premine.
Me: So did Bitcoin, Satoshi mined 1 million BTC all by himself. That’s not a fair launch.
Jul 6, 2019 • 6 tweets • 2 min read
1/ The biggest lie by Facebook and @davidmarcus (or maybe he is naive)
"Facebook created a subsidiary — Calibra — that will operate a wallet service on top of the Libra Network, and while Facebook, Inc. owns and controls Calibra, it won’t see financial data from Calibra."
2/ Calibra is Facebook's Trojan horse to eventually steal your data and your privacy when they inevitably change their ToS in the future like they did with FB, Instagram, and Whatsapp after becoming successful. Trusting Facebook with your data and privacy is a joke at this point.
Apr 18, 2019 • 8 tweets • 2 min read
1/ Binance is doing everything they can to recreate the ICO mania of 2017 to pump and dump shitcoins again. Repackaging ICOs to IEOs, migrating tokens to a new chain, hiring liquidity providers to pump IEO listings, and making everything regulation free by being in Malta.
2/This is all a big illusion. Binance is using lessons from the last cycle but it's all the same shit. Since they are in Malta, they don't have to worry about antitrust laws. This allows them to get away with shady business practices like forcing tokens to switch chains or delist
Mar 17, 2019 • 15 tweets • 3 min read
1/ Why ETH is positioned to be a Store of Value (SoV)💰
It’s been said that ETH attracted temporary reservation demand and hoarding because investors needed a store of ETH to participate in the many ICO’s in 2017, but now that demand has dried up, dropping the price of ETH 90%.
2/ ETH will accrue more value as demand increases and supply decreases. Demand for ETH will increase because of increased utility for gas, investment due to speculation, and as more DeFi apps gain traction, which promotes the use of ETH as money in the Ethereum economy.
Mar 3, 2019 • 6 tweets • 12 min read
1/ A list of blockchain projects that haven't released tokens to investors:
1/ While we wait for sharding in Ethereum 2.0 (Serenity), there are a couple incremental updates to the Ethereum blockchain being worked on that are expected to increase scalability and performance. 👇
1)Ignis Plasma
2)Ethereum 1.x
2/ One proposed short-term solution to helping Ethereum scale is a project called Ignis Plasma, which uses a form of cryptography called zk-SNARKs. This will help Ethereum reach 500 transactions per second by aggregating transactions into batches.
Jan 11, 2019 • 16 tweets • 3 min read
7 Reasons why Tron is a disaster:
1A/ It’s Centralized:
A Tron SR is a DPoS validator. There are only 27 SR's that are elected by community voting. The 27 get paid TRX rewards per block produced. To vote you freeze TRX tokens, 1 TRX = 1 vote.
1B/ It takes just 18/27 SR's to reach consensus and just 10/27 to not pass a proposal. Tron already owns 9 SR's (1/3 the SR vote) and 35% of the token supply, which they can use to influence the remaining SR's.
Jan 5, 2019 • 16 tweets • 3 min read
1/ Thread about Stable Coins 👇
There has been an explosion of centralized stablecoins over the past year, including asset-backed, fiat-backed, collateral-backed, and algorithmic stablecoins (RIP Basis).
2/ Decentralized stablecoins are important for creating an open financial system and can be used for payments, remittance, and Dapps that require a non-volatile currency that functions as a medium of exchange.
Nov 28, 2018 • 7 tweets • 2 min read
1/Open Finance is an exciting industry being built on Ethereum. Ethereum is slow and inefficient on Layer 1, but exceptionally good at storing and programming digital value & acting as a settlement layer (Something EOS will never be because it lacks security and decentralization)
2/Open source software is being built on Ethereum that lowers economic barriers and lets anyone in the world have access to the global financial system, including the unbanked, because it doesn’t require a trusted intermediary.
Nov 8, 2018 • 12 tweets • 2 min read
1/ A thread on the problems with CEX's and DEX's.👇
A huge issue in blockchain is that 99% of trading occurs on centralized exchanges (CEX's). The problems with CEX's are that they have a central point of failure, they require users to give up sensitive personal info,
2/ governments can easily shut them down, and hackers can steal everyone’s tokens if they gained access to the exchange’s private keys. This has already happened numerous times in the past.
Oct 12, 2018 • 5 tweets • 3 min read
1/ From my last post I noticed that Layer 2 like @loomnetwork is being heavily overlooked right now by the EOS crowd. While EOS is trying to brand itself as the "gaming" blockchain, Loom is already scaling an Ethereum NFT card game called @ZBCardGame on an Ethereum sidechain.
2/ Loom is basically using Layer 2 DPOS sidechains called DAppChains that are bridged to Ethereum. Loom enables lightning fast transactions at zero cost to users, while keeping the security of a decentralized blockchain (unlike EOS)
Oct 9, 2018 • 19 tweets • 3 min read
13 Reasons why EOS is a disaster:
1A/ The ECAF Arbitration process is a disaster:
-ECAF ordered to freeze hacked accounts
-Following arbitration one BP processed blacklisted transactions.
-Dan threw out the constitution because it is socially unscalable
1B/ The constitution was resubmitted based on the problems with ECAF. There was a proposal to eliminate ECAF and no longer enforce off-chain rulings.
Oct 4, 2018 • 4 tweets • 2 min read
1.) This is the way I see crypto headed: blockchains like @BigchainDB and are temporarily taking on the role of being the "decentralized" (centralized) data layers for Ethereum used for high throughput, as seen in @oceanprotocol , @paradigmfdn , and several NFT games.
2.)This is until Plasma comes out with Dappchains and other Layer2 makes them obsolete. The Ethereum blockchain will continue to be used as the undisputed settlement layer because it has the biggest network and is the oldest, most trusted, decentralized smart contract blockchain.
Sep 23, 2018 • 4 tweets • 1 min read
1/ I made a list of the various utility token models:
1.) discount on tx fee tokens (0x, Binance)
2.) native profit sharing tokens (siafund, basis)
3.) buyback and burn tokens (Binance)
4.) Stake for work tokens/stake for distributed consensus (Augur, keep, Numeraire)
2/
5.) burn-and-mint equilibrium BME tokens (Factom)
6.) governance tokens (0x, Aragon, eos)
7.) voting in polls/contests/gamification (Binance)
8.) network gas/staking validator tokens (ETH, Tezos)
9.) Token Curated Registry (TCR) (deco)
