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*Attacking a crypto gives it more strength - a judo throw? | *Attacking a crypto gives it more strength - a judo throw? | ||
*Cosmos and Polkadot - working on the ecosystem of interoperability. Like OSE is working on interoperability of technology in general. | *Cosmos and Polkadot - working on the ecosystem of interoperability. Like OSE is working on interoperability of technology in general. | ||
*Money is very important - design new money, design a new civilization. | |||
Revision as of 07:08, 28 November 2021
Cryptocurrency that promises a version of 'universal basic income'.
Concepts
- Wrapped token - interoperability feature, being developed, where you can trade one crypto, say Bitcoin, on another network, providing efficiencies of both.
- There should be as many cryptocurrencies as websites
- Create your own financial instruments! Now that is possible
- Crypto - is open source, permissionless, open, trustless. Transactions are uncensorable, unsanctionable.
- KYC AML - know your Customer Anti-Money Laundering - libracoin by FB had it. Not true crypto - incongruent with trustless permissionless.
- 'Not your key, not your coin' - push only. You can only send money. You cannot take money from crypto account. Credit card numbers are both push/pull - you can send to it, you can take from it.
- Crypto is not 'not backed by anything' - it is backed by a network that allows you to transact freely. Fiat currency is backed by oil today (petrodollar)- so cannot stop global warming while using dollars.
- Attacking a crypto gives it more strength - a judo throw?
- Cosmos and Polkadot - working on the ecosystem of interoperability. Like OSE is working on interoperability of technology in general.
- Money is very important - design new money, design a new civilization.