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151 sats \ 4 replies \ @grayruby 22 Apr \ on: I am a Normie! AMA AMA

Welcome. Great starting point in your learning journey is mentally separating Bitcoin and crypto.

I would focus on learning about Bitcoin and not really bothering with the rest of crypto.

There are many great resources out there to learn about Bitcoin. @NEEDcreations has built (is building) a really great app to help people learn about Bitcoin.

https://bitcoineducation.quest

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41 sats \ 2 replies \ @Gizmo OP 22 Apr

Thanks for the recommendations. Why is bitcoin the only one worth learning about?

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118 sats \ 1 reply \ @grayruby 22 Apr

Personally, I think Bitcoin is the only one that has actually solved a problem. Fixed supply, digital money that doesn’t require a trusted third party.

All other cryptocurrencies are more akin to startup tech companies that are trying to find product market fit for what they believe is some sort of innovation. There is nothing wrong with innovation but unfortunately in crypto the incentives are misaligned. It’s easier to issue tokens and sell them than it is to create a useful technology that people want to use. So you get a lot of tokens issued with big promises and marketing hype but not a lot of actual useful technology that people want to use.

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41 sats \ 0 replies \ @Gizmo OP 22 Apr

Interesting! Thanks for explaining.

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41 sats \ 0 replies \ @NEEDcreations 22 Apr

Thanks for sharing my app! @Gizmo if you have any specific questions about my app or about Bitcoin in general, let me know!

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