Monday, January 24, 2022

Bitcoin, NFT explainer




If someone pitches you on a "great" Web3 project, ask them if it requires buying or selling crypto to do what they say it does.


Understanding crypto now — especially if you’re naturally skeptical — is important for a few reasons.

The first is that crypto wealth and ideology is going to be a transformative force in our society in the coming years.

despite the goofy veneer, crypto is not just another weird internet phenomenon. It’s an organized technological movement, armed with powerful tools and hordes of wealthy true believers, whose goal is nothing less than a total economic and political revolution.

The second reason to pay attention to crypto is that understanding it now is the best way to ensure it doesn’t become a destructive force later.

blockchains are public, permanent databases that nobody owns

What are the actual uses of crypto, beyond financial speculation?

crypto proponents will tell you that the biggest benefit of decentralization is the ability to create currencies, apps and virtual economies that are resistant to censorship and top-down control. 


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