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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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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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So the cryptocurrency industry has basically two products, one which is relatively benign and doesn't have product market fit, and one which is malignant and does. The industry has a weird superposition of understanding this fact and (strategically?) not understanding it.

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The collapse is simply the euphoria stage of the bears.

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Freedom to exit means that I can exit any app or digital ecosystem and take my data and value I created with me. Let’s build open systems and not digital prisons.

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Crypto is extremistan. We can’t predict what will happen; even historically cyclic markets have no guarantees of bouncing back. The tech, however, gets 10x better every cycle. Scientific progress is not cyclic, speculation is.

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