Six and a half billion people on this planet have no connection to the world of money. They operate in cash-based societies with very little access to international resources. They don’t need banks.
― @aantonop, The Internet of Money
To accuse others for one's own misfortune is a sign of want of education. To accuse oneself shows that one's education has begun. To accuse neither oneself nor others shows that one's education is complete.
I had a great time discussing Phore and Graphene in an AMA session with the @StakeCubeEsport community yesterday.
Thanks for all the great questions, and good luck to all the teams in the eSports tournament today!
In a time of total cyberwar, only crypto services may survive. The reason is that blockchains get hardened by constant attack, with 24/7 bug bounties included by default. Market cap is a highly imperfect measure of security, but it's better than a bureaucratic ISO process. twitter.com/balajis/status…
Are you launching or growing a business that you think might benefit from having a cryptocurrency? Are you looking for a high quality development team that can build and maintain the blockchain for it?
My DMs are open if you'd like to set up a call and discuss your ideas.
Benefits from decentralization:
- Does the solution benefit from censorship resistance, immutable transactions, network effects, user ownership of assets, and removing 3rd parties?
Solutions that directly benefit from decentralization are a better fit for crypto.
Sustainable business model:
- How is the project funded?
- Where will revenue come from?
- What will drive ongoing demand and growth?
Funding is needed to build the solution. To grow in value, it needs to drive demand that exceeds supply. We value long term partnerships.
- What problems will this solution solve?
- How will it solve them?
- How is this better than existing solutions?
A successful cryptocurrency solves problems. This often means a platform and applications along with the cryptocurrency protocol that supports it.
- Who are the intended users?
- How well do you understand them?
- How do you plan to attract and grow the user base?
Innovation comes with uncertainty, and a deep understanding of your users is one of the keys to designing a great solution for them.
Blockchain Builders makes cryptocurrencies for clients. When I talk to entrepreneurs about their ideas, here are some of the things I look for, and the questions I ask:
- Problems being solved
- Sustainable business model
- Benefits from decentralization
1/ The SEC isn’t protecting investors, or promoting fair, efficient, & safe domestic crypto markets with their intimidation tactics.
Their approach has been so poor it’s indistinguishable from an active effort to *hurt* American retail investors, which looks increasingly likely. twitter.com/brian_armstron…
This is insane. One of the main reasons the US has such strong capital markets is because companies & investors can rely on the rule of law, rather than being at the mercy of the whims of gov't officials. The SEC is directly undermining its own mission to promote those markets. twitter.com/coinbase/statu…
Most fast fat loss will not create the important habits, routines, and the inner work that is truly needed.
The real work starts when we look inward and identify the reasons for certain outcomes, IE weight gain. This step is often neglected.
The root problem with conventional currency is all the trust that’s required to make it work. The central bank must be trusted not to debase the currency, but the history of fiat currencies is full of breaches of that trust.
— Satoshi Nakamoto
Long before NFTs existed,
Back before Facebook changed our world,
I and a friend bought a piece of virtual real estate.
The hottest around:
A handful of pixels on @tewy 's Million Dollar Homepage.
This is what I learned...