I gave an hour long presentation on the #Bitcoin ecosystem to my @beondeck fellows (@TomJWhiteIV + @kylascan). It's a lot, and I noticed some things I said incorrectly (confused escrows/covenants), but this is my attempt to condense this whole space: 🧵

1/ @lightning - lightning is everything to me right now. It's not just payments at a global scale, but it's for gaming (@zebedeeio), messaging (@sphinx_chat) and rebuilding the internet through p2p connections established through lightning and paid for in sats (@ImperviousAi)

I'm seeing a lot of people FOMO quit their jobs to join "crypto", probably out of some over-romanticized view of what goes on in these projects. Let me illuminate you about what actually happens:

👇 1. You have an earnest team that believes in decentralization as a theory, but realize that it's impossible to build any project of complexity without extreme centralization for long periods of time, potentially some parts indefinitely.

Eh, the plumber is working on my drainage line right now so I'm going to spend the next hour doing a pretty deep dive into Bitclout, which I believe is a very overt scam and not even a particularly smart one. Get ready for a thread: Intro:
Bitclout showed up about a week ago (3/12), the website crashed fairly quickly and it was heavily pushed on Clubhouse and Instagram. It's taken advantage of this whole "creator coin" phenomenon that has been tertiarily attached with NFTs.