Here for dope ecosystems. And learning. And maybe testing out jokes that are plain dry dry dry. If you ever want to send me Cardano stuff 😉🦜 $birdabioma
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
Jul 11, 2022 • 4 tweets • 1 min read
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.”
Jun 20, 2022 • 20 tweets • 6 min read
(🧵) A Crypto Community Manual on Red Flags 🚩 and Good Financial Hygiene 🧼! Highlights, pointers, and quotables, and highlights from today's #ProofOfCommunity space with @ADAOcommunity.
(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."
Jun 19, 2022 • 5 tweets • 1 min read
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.
