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Knowledge Protocol. Daily curated links from the space of blockchain, bitcoin, tokens, cryptocurrencies and protocols. No news, no bullshit, deep knowledge only.

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Asking "who controls Bitcoin?" is like asking "who controls English?"

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Ability to store value motivates building. Ability to spend motivates consumption. Produce or consume? Which leads to prosperity? This is at the heart of Crypto-Austrianism and Crypto-Keynesianism.

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If you bought Bitcoin at $19,500 and you don't want to buy Bitcoin at $3,000, I don't know what to tell you

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Been doing crypto almost 6 years now and I still panic when sending a transaction even after quadruple checking the address character by character

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If your protocol can go bankrupt, or can be sued out of existence, or can be shut down by authorities then it wasn’t decentralized

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Time for a brief tweetstorm on non-financial applications of blockchains. As blockchain scalability gets better and better, and UX improves and fees drop as a result, this will become a bigger and bigger part of the story.

Thread.

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In before someone tries to argue "price ain't real because it's relative to the US dollar which is itself a hyper-volatile shitcoin that dropped 96% since 1913".

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Go into crypto and you try to reinvent politics. Go into AI and you try to reinvent philosophy.

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The best way to get someone to start using Bitcoin is let the person send an international wire transfer worth over $10,000. No lecturing required, the person will voluntarily use Bitcoin.

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Feeling really bad for genuinely idealistic and good people who are being hit hard by the cryptocrash, especially those who risked their human capital and careers based on promises of stable careers others had no business promising. At same time, there's a test of values.

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People don’t realize how many crypto entities are concentrated in NYC: USV, DCG, A16z crypto, Lux, Genesis, Gemini, Coinbase, Blockstack, Republic, CoinList, Placeholder and others; all within walking distance.

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It appears some journalist has "difficulty" understanding Bitcoin mining.

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Some people think of blocking as an exceptional response, but it's actually the default response. People don't have to interact with anyone they don't want to. Conversation requires consent and I wish more tools would surface that social behavior better.

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I'm old enough to remember when the Internet wasn't a group of five websites, each consisting of screenshots of text from the other four.

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First MtGox employee: Karpeles kept 430,000 BTC in hot wallet. No backup plan: if Mark died, all bitcoins were lost.

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Privacy isn't about isolation — it's about community. But with consent. You get to choose who's watching when you let down your hair. You get to choose who's around the table when you tell your story. Privacy is about consent.

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The fact that miners are shutting down and difficulty is decreasing is a feature, not a bug, of bitcoin’s design.

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Blockchains are Western values made software. Mathematically provable and inviolable property rights, anonymity, freedom of expression, freedom from unreasonable search… Software is eating political philosophy.

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