frdysk
@frdysk
so normie friends asked again, wtf is crypto, how is value created out of thin air, i almost had a meltdown explaining, i realized idk how to articulate it as well as i'd like to think the questions asked are really basic: what is a token? what is a smart contract? what's the difference between bitcoin and ethereum smart contracts? why are there so many type of blockchains? do blockchains use the same type of tech? why do some institutions favor one over others? if we can create our own tokens, why is not everyone doing it? 🤪
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na
@na
blockchains are machines that keeps promises the more people keep promises on blockchains, the more reputation they for keeping promises value shouldn't be created from thin air. people misconstrue reputation with hype. don't invest in places where values are said to be created from thin air
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frdysk
@frdysk
Machine that keeps promises, isn’t that beautiful 🤌
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