whoever wants to use Twitter just needs a VPN or tor or similar. once you have censorship resistant digital money, you can use it to buy trusted centralized services located outside of censored country. example: Wikileaks. no need for magic blockchain
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Replying to @vega113t @MustStopMurad
No, lot of countries block VPNs incl China. They also block TOR. Please do some research if you’re interested.
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Replying to @Crypto4Lif @MustStopMurad
In orchid example: people can sell bandwidth to orchid and get paid in bitcoin, and other people can buy orchid service and pay in bitcoin and the company itself can reside outside of china and be trusted and there will be several such companies that compete with each other
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Replying to @vega113t @MustStopMurad
Are we talking about ICOs now? The reason companies like Orchid Protocol use their own token instead of BTC is for fundraising. It also aligns incentives between devs & users as opposed to using advertising as eg Facebook funds itself, aka the internet’s Original Sin.
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Replying to @Crypto4Lif @MustStopMurad
yes. and this adds extra costs and pointless complexity. thought we already agreed on that
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Replying to @vega113t @MustStopMurad
yes. BTC adds extra costs and pointless complexity. thought we already agreed on that
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Replying to @Crypto4Lif @MustStopMurad
yes, but in the case of BTC, it worth it as it is the only digital Store of Value. There is no point to multiply the entities and use other tokens, which are not as secure/immutable/liquid etc...
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Replying to @vega113t @MustStopMurad
yes, but in the case of eg Orchid Protocol, it is worth it for the reasons mentioned above. It’s not money so not trying to be liquid etc just as bitcoin isn’t trying to decentralise twitter or a plane isn’t trying to be a car...
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Replying to @Crypto4Lif @MustStopMurad
The question is - can orchid work with Bitcoin? The answer is yes. If so, why make your service more expensive and harder to use by demanding to buy tokens that are not liquid/secure and are more volatile than Bitcoin?
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Replying to @vega113t @MustStopMurad
The question is - is there an alternative orchid that works with BTC? The answer is no. In the future BTC will be converted on the fly into Orchid token with negligible cost. You won’t even see it it will be abstracted away & only for a second so volatility etc irrelevant.
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This would take the velocity of the Orchid token to the stratosphere and make its value close to zero...
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Replying to @MustStopMurad @vega113t
Agreed sh*tcoins are a bad investment because of the velocity problem even if they succeed. Buy BTC, forget the rest
0 replies 0 retweets 1 likeThanks. Twitter will use this to make your timeline better. UndoUndo
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