⚡️CryptoBenSolo⚡️ retweeted
A block was just mined with a 223,211.9 bitcoin output.
That's $2,000,000,000 worth of bitcoin for a $1,800 fee.
No government, bank or third party had to verify these transactions, nor could they have stopped any of them if they wanted to.
This is true power of bitcoin. 🔥
⚡️CryptoBenSolo⚡️ retweeted
“youth culture is manufactured by old people” would have been a trite point ten years ago. but today it’s not even true. magazines and music festivals are irrelevant. reddit, youtube, twitter, snap — gen z is self-creating, self-consuming.
⚡️CryptoBenSolo⚡️ retweeted
Ego depletion, the theory of the exhaustible willpower muscle, has vanished into thin air. onlinelibrary.wiley.com/doi/…
⚡️CryptoBenSolo⚡️ retweeted
After seeing a bunch of people get mad at this editorial proposing a "Progress Studies" field, I've concluded that the critics are wrong; an interdisciplinary program aimed at figuring out how to boost the rate of scientific discovery would have value.
theatlantic.com/science/arch…
⚡️CryptoBenSolo⚡️ retweeted
It turns out that, unsurprisingly, there is a strong positive relationship between market cap and on-chain activities.
Below is the line of best fit between transaction volume and liquid market cap. Each dot is a cryptoasset.
⚡️CryptoBenSolo⚡️ retweeted
In 1970s the world reserve currency decoupled from being backed by something scarce - gold. Before this time all reserve currencies were backed by something scarce.
⚡️CryptoBenSolo⚡️ retweeted
It lets them triple dip.
1) Gain money from a startup
2) Gain status by denouncing the source of the money
3) As a side effect, pull up the ladder to prevent others from competing (via new regs)
I doubt many are doing it consciously, though. They just respond to incentives.
Replying to @balajis
Yo! This FBer ‘wealth now woke’ thing has been the biggest pink elephant in the room in most observant people’s puzzled minds.
⚡️CryptoBenSolo⚡️ retweeted
When gathering feedback for a company decision, it can be useful to collect predictions rather than just doing a poll.
Predictions can be aggregated like votes but also disaggregated to provide individual accountability.
⚡️CryptoBenSolo⚡️ retweeted
The key is to set a date to follow up with the predictions, and to appoint a fair judge in advance.
Done right, this can give people an incentive to make courageous decisions.
It’s one way to address the issue Ben identifies here: a16z.com/2011/08/07/the-fine…
⚡️CryptoBenSolo⚡️ retweeted
Old advice, but still worth repeating. Those funds you would have spent on an MBA? Do a startup instead. You'll learn far more with a CEO degree.
⚡️CryptoBenSolo⚡️ retweeted
Bitcoin Cash is even better than a Swiss numbered bank account.
Cashshuffle.com – at London, England
⚡️CryptoBenSolo⚡️ retweeted
He also said, “We will not allow cryptocurrency to become the equivalent of secret numbered accounts".
Read: coinspice.io/news/trumps-tre…
⚡️CryptoBenSolo⚡️ retweeted
“the destruction of optimism, whether in a civilization or an individual, have been unspeakable catastrophes...we should take it personally. If those earlier experiments in optimism had succeeded, we would be exploring the stars, and you and I would be immortal.” @DavidDeutschOxf
⚡️CryptoBenSolo⚡️ retweeted
Q: What’s the ONLY cryptocurrency with fast, cheap, reliable, private, permissionless payments, accepted at over 100,000 merchants?
A: Bitcoin Cash
Bitcoincash.org
⚡️CryptoBenSolo⚡️ retweeted
Are you in the #UnitedStates?
Instantly text #cryptocurrency to your friend's cell number w/o Internet.
$BCH wallet: Text START to 1-707-777-6185
$LTC wallet: Text START to 1-484-616-4040
$DASH wallet: Text START to 1-603-782-2297
$RVN wallet: Text START to 1-603-301-4606
⚡️CryptoBenSolo⚡️ retweeted
Need we say anymore. SSI/Decentralised Identity will revolutionise healthcare.
A staggering 15% of all healthcare spending goes toward paperwork and claims verification. Our latest post explores how #DecentralizedIdentity could dramatically slash this figure, freeing up over $500B in the U.S. alone: evernym.com/blog/claims-veri… #HealthTech #blockchain #DLT
⚡️CryptoBenSolo⚡️ retweeted
It’s interesting to see if you could use financial alignment + reputation to incentivize truthful comms.
Perhaps some form of on-chain altruistic punishment for fraudulent actors. Burn X of your coins to burn Y of theirs?
Makes both fraud and false accusations of fraud costly.
⚡️CryptoBenSolo⚡️ retweeted
“As written, the initiative seems to assess a tax against stock as soon as it vests — even if the actual stock option is not exercised. Asked whether that was his intention, Mar said he at first did not fully appreciate the difference.”
Replying to @teddyschleifer
I was very surprised when I interviewed the SF supervisor responsible for the IPO tax that he had not seemed to really think through the implications of his proposal.
vox.com/recode/2019/5/15/186…
⚡️CryptoBenSolo⚡️ retweeted
Congress proposes “Keep Big Tech Out of Finance Act”:
> big tech companies with annual revenue of more than $25b
> Will be unable to have a digital asset to use as a means of exchange
> The penalty for violation is $1m daily.
#ICYMI
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