Hey, I wrote this blog post. I am looking for feedback as well as opinions, comments, and whatever the blog post woke up in you. I am also trying to understand myself in this space, and what I could bring.
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12 sats \ 0 replies \ @brent 13h
One way to make sense of "Crypto" is to think of it as a free-market testing ground for ideas about what can be done with cryptographic tokens. If there's an idea that looks like it could be of actual value to the world, after testing it with shitcoins, then there's a chance it will eventually be implemented on Bitcoin, where it can be used in the real world with actual money.
To provide firmer grounding for your preference to stick with Bitcoin over Crypto, I suggest the insightful essays by Allen Farrington and Anders Larson, Only the Strong Survive, and then the follow-up on DeFi, Green Eggs and Ham: Decentralized Finance — The Good, The Bad, and The Ugly.
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21 sats \ 2 replies \ @SwapMarket 26 Nov
If fact the division line is very simple. You either TRUST someone to guarantee value of your money: central banks, Vitalik, other skammers, or you trust NO ONE but the open source code and the game theory that makes it work. Once you realise that you can rely on no one but yourself to safeguard your wealth, you become a maxi.
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0 sats \ 1 reply \ @ville OP 26 Nov
But this view, too, is somewhat myopic considering that not all can safeguard their wealth this way like your parents. And even Bitcoin itself, the miners specifically, need to be trusted to the extent they remain resistant to censorship.
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8 sats \ 0 replies \ @SwapMarket 26 Nov
Not all. Survival of the fittest. I am reasonably old but can self host. Censorship of what? If a miner is not happy with the transaction templates his pool coordinator creates, he can join another pool or mine solo. Transaction censoring pools will get less fees and nodes will learn to route transactions elsewhere. No trust needed, game theory will play out.
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96 sats \ 2 replies \ @TNStacker 26 Nov
Why do you have to have a "place in this space?"
Bitcoin, not crypto!
Stack Sats and stay humble
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21 sats \ 1 reply \ @ville OP 26 Nov
I would like to find work in Bitcoin-space that would be beneficial for someone. Maybe that place will clarify itself later down the road.
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0 sats \ 0 replies \ @TNStacker 26 Nov
Have you don't market research?
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75 sats \ 1 reply \ @bitcoinercircle 26 Nov
"Crypto" is such a misleading term. It leads newcomers to think that altcoins are in the same category as Bitcoin.
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0 sats \ 0 replies \ @ville OP 26 Nov
It is an umbrella term that is somewhat ambiguous. All coins ought to be taken as is, such as simply Monero and Ethereum, for example. That's why, when someone talks about cryptocurrency, the discussion should be taken to define exactly what is meant by 'cryptocurrency' because not all are equal or even considered as 'currency'.
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0 sats \ 0 replies \ @bitcoinercircle 26 Nov
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