Building trust in #blockchain through trainings, workshops, demos & writing. Founded by Skylar Hurwitz, former UN ITU Expert on #DLT and FG-DLT reports editor.
New Hope, PA
Joined October 2017
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The #Bitcoin2021 folks keep talking financial inclusion:
BTC subdivides to 0.0000001 but smallest amount you can send is 0.0000546 BTC.
If #BTC = $1 million, the min transaction is $54.60.
How does that work on $2 per day in rural Asia/Africa/S America? youtube.com/watch?v=Zp43Ktm3…
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"There's lightning network!" someone shouts from the depths of a lightning channel with unused sats/fractions of a Bitcoin stuck on it. And therein dies the argument that Bitcoin itself can directly bank any unbanked population.
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Does this mean #Bitcoin has no use? I think $BTC has a purpose, but as of now, haven't heard a single person at #BitcoinMiami pinpoint what's on my mind. They're just oozing hubris saying KYC should be optional or Bitcoin is easier to access than dollars. Pretty amateur, honestly
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Good question. The replies perfectly display how badly better education resources are needed for Bitcoin. From some who think #Bitcoin has no transparency (it's open source code!!), to others who think you need 3rd party service to transfer it(it's p2p!). Lots of learning needed.
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Why withdraw #cryptocurrencies to external wallets?
A simplified comparison: What Robinhood does is like buying gold at a bank but they hold the actual gold. You just have price exposure. To move it elsewhere, you'd have to sell in app and rebuy it in the new location...
Big deal for #Bitcoin adoption, folks.
@Paypal announced plans to allow withdrawals to external wallets only 7 months after adding support for cryptocurrencies!! For reference, @RobinhoodApp started crypto in 2018- STILL doesn't allow these withdrawals.
cointelegraph.com/news/paypa…
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Big deal for #Bitcoin adoption, folks.
@Paypal announced plans to allow withdrawals to external wallets only 7 months after adding support for cryptocurrencies!! For reference, @RobinhoodApp started crypto in 2018- STILL doesn't allow these withdrawals.
cointelegraph.com/news/paypa…
Adding to the #inflation data here, just watched @CoinBureau review of $ICP. Guy, help me out...an inflation rate starting at 10% and ending at 5% yet you repeat @dfinity claim that with enough apps, cycles/burns could make ICP deflationary. What does that math look like?
If you believe #inflation is a driver of adoption, as far as I can tell, only projects like #Bitcoin with inflation under 2% +its built in halving every 4 years and Pure POS projects like #Ardor based on Nxt where all coins were minted up front, have lower inflation than fiat USD
Green cryptocurrencies have existed since 2013.
Seeing everywhere from @reuters to @telegraphtech to @cnn talk green alternatives and point to newly launched, low market cap, untested coins makes my head spin.
As a #DLT expert, I'm open for comment if you want the real scoop.
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Fine #artists are concerned by Ethereum's electricity waste.
What if minting your #NFT required 99.9% less energy than it does on the $ETH network?
That's precisely why @TarascaD and @nftmagicart, which operate efficiently on a network of 10W solar panels, THRILLING projects.
Ok let's see how this goes. Just finished with a professional NYC artist launching his first #NFT on $ETH this evening on @opensea! Thrilled to see the talented Dylan Hurwitz taking this step experimenting with #NFTArt.
opensea.io/assets/0x495f9472…
Quick @ledger hack threat assessment:
If someone is desperate for money, what's more likely?
1) find names and addresses on the dark web, hope no one has moved in years, hunt down and try to find ledger USB sticks.
2) burglarize a mansion 30 mins away, snatch jewelry, and run.
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This is why hardware wallets exist people. Yes, personal info has been leaked but your #cryptocurrency is still safe on your @Ledger. These breaches will happen. Hardware wallets and cold storage protect you. If this were a major exchange hack, your crypto would be gone.
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2015: #ProofOfStake networks launch.
2020: #Ethereum "launches" #BeaconChain PoS chain that exists SEPARATE from the mainnet until MAYBE 2022.
The grafitti is fitting. There's nothing profound or hype-worthy about #ETH folks being 5 yrs - and ultimately at least 7 yrs - behind.
Normal people: we should really put something profound in the first block of the ethereum PoS chain, something about giant leaps for mankind or whatever.
Ethereum community:
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Demetrius Consulting is now accepting clients and contracts for the 2021 work year.
Wonder if your company could benefit from #blockchain? What about how #Bitcoin works?
Whether you need hands on training, workshops, ideation exercises, demos, or technical writing - we can help!
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There is time on the schedule before the end of 2020 for immediate needs as well! Simply email [email protected] and we can get started discussing your individual or organizational needs.
Ok, here's a follow up poll. Lack of use cases is apparently the key issue to adoption.
Where do you expect the breakthrough #blockchain or #virtualcurrency application to come from? Reply with your ideas.
There are tons listed in @ITU FG-DLT reports!
itu.int/en/ITU-T/focusgroups…
14%Digital IDs
43%Gaming, igaming
14%Store of value
29%Supply chain
14 votes • Final results 2