In our 1st month we’ve: + flown more than 6100 passengers (holders); + traveled an avg. of 258k m/day (24hr vol); + distributed over 11k hours of entertainment (mints); and more. At 747 Airlines, our passion for unique, quality experiences starts with our flight and cabin crews. We thank you all for flying 747 Airlines and we hope to see more of you join us on the journey of a lifetime ✈️🌐✨ Cash in, $crash out Cc: tokengay
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Bitcoin was first proposed in 2008 by a pseudonym Satoshi Nakamoto in a paper titled "Bitcoin: A peer-to-peer Electronic Cash System." Nakamoto combined previous digital currency inventions, such as B-money and HashCash, to create a fully decentralized electronic cash system that does not rely on a currency guarantee or a central authority to verify the settlement of transactions. The key innovation is the use of distributed computing systems (known as "proof-of-work" algorithms) to conduct network-wide "try-outs" every 10 minutes, enabling a decentralised network to synchronise transaction records. This elegantly solves the problem of double payments, where a single currency unit can be used twice. Previously, the issue of double payments was a weakness for digital currencies and was handled by a central clearing house that cleared all transactions. https://encrypted-tbn0.gstatic.com/images?q=tbn:ANd9GcRPmkoE00O1B7dIOOPfhinDrsZt_3s4VnNkww&s
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Ethereum’s biggest problem is cannibalizing itself continuously via all L2s competing over devs, users and liquidity rather than competing outside of the Ethereum ecosystem. Microeconomics 101 would tell you this is a bad strategy. I don’t have the answer but it needs to be addressed.
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