Magic is indeed real but strangely selective?
FTX’s conclusion is fascinatingly scary!
That was a joke for a friend, but it actually happened!
We definitely live in a scam world? The realization then (after much reading)
was that coin ecosystems operate exactly like current financial systems but with
extreme incomprehensibility.
I’m months behind my feeds, but the
feast on FTX’s carcass
drives it home! The magic number is 1/3! Coins are very shady!
Are you invested in coins? Nada, none. Even if so desired, lethal extremes
happen so fast that governments have to step in to parent the unruly cool kids
(foreigners especially) on
everything. Superabundant bureaucratic toil = never looking into “current
thing”.
Residents of (The) Bahamas must apply for special permission from the country’s
central bank to invest in cryptocurrency, and the government levies a percentage
fee for the privilege.
As some of you know, I loathe places like YouTube, Reddit, or any other
sufficient equivalent. The misinformation is too abundant for my poor, weak
mind. I recently discovered this and whoever
made it is a legend. Luckily, it’s still a mostly free world but for how long?
People should be able to intimately learn whatever lesson they want ;)
So, the other day I learned that the cool lingo is coins. I’ve rummaged through
the depths for a bit and came across the most
plain and straightforward breakdown of the cryptocurrency ecosystem
ever written. Impossible! Most everything else is like deciphering a marketing
slate.
It’s hard to “peek into” other knowledge domains successfully. The reason;
marketing fuzz.
: Blockchain data–structure is
designed only for Bitcoin’s rules.
Large deviations from Bitcoin go nowhere.
Ethereum appears to be the only
protocol with minor deviations from Bitcoin.
For example;
Cryptocurrencies are
blockchain protocols —
laws (protocols) on permanent appendable excel sheets (blockchains). Bitcoin is
not the only protocol. Various cryptocurrencies have differing rules but…
Are cryptocurrencies limited/driven by blockchain data–structure?
Blockchain’s
implicit permanency
favours Bitcoin’s rules and use cases. Economically, that’d suggest
noncompatible
use–cases/cryptocurrencies/forks
become irrelevant.
I’m too dense/lazy to understand the shared roles of the data–structure and
protocol in the full implementation;
Or more specifically, the difference between
a merkle tree
and
a blockchain.
So, no plausible technical predictions on coinage–but perhaps the government’s
broken clock is right twice a day? Bahamians need permission to “officially
invest” in crypto–stock “currency”.