Pritomoh

@pritomyt

133 Following

1 Followers

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Open-Source DNA – Much of Farcaster’s code is open source, encouraging collaboration and transparency.

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Tokenless to Start – Farcaster launched without a token, focusing on product-market fit rather than hype-driven tokenomics.

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Bitcoin vs. Traditional Money Unlike fiat currencies issued by governments, Bitcoin is decentralized, finite (only 21 million will ever exist), and immune to inflation through printing.

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Reduced Scams Scams and pump-and-dump schemes decline in bear markets as retail interest wanes.

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Bitcoin is the first cryptocurrency: Launched in 2009 by the pseudonymous Satoshi Nakamoto, Bitcoin is the first and most well-known cryptocurrency

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Blockchain is the underlying technology: Most cryptocurrencies operate on blockchain, a decentralized and immutable digital ledger

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Over 25,000 cryptocurrencies exist: As of 2025, there are more than 25,000 cryptocurrencies listed, though many are inactive or have low market cap.

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Ethereum introduced smart contracts: Ethereum, launched in 2015, added programmability to the blockchain via smart contracts, enabling DeFi and NFTs.

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Volatility is high: Crypto markets are known for extreme price fluctuations compared to traditional financial assets.

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Market capitalization fluctuates widely: The total crypto market cap has ranged from under $100 billion in early years to over $3 trillion at its peak

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Bitcoin halving affects prices: Bitcoin undergoes a "halving" every four years, reducing mining rewards and historically contributing to bull markets.

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Decentralized Finance (DeFi) is growing: DeFi platforms enable borrowing, lending, and trading without intermediaries, totaling tens of billions in TVL (Total Value Locked).

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NFTs are part of the crypto market: Non-Fungible Tokens (NFTs) became mainstream in 2021, with digital art, collectibles, and gaming assets leading adoption

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Crypto mining consumes significant energy: Especially proof-of-work (PoW) networks like Bitcoin, which have drawn criticism over environmental impact.

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Stablecoins aim to reduce volatility: Tokens like USDT and USDC are pegged to fiat currencies and play a major role in trading and DeFi.

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Exchanges are central to trading: Centralized exchanges (e.g., Binance, Coinbase) dominate, but decentralized exchanges (DEXs) like Uniswap are gaining ground.

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Security remains a concern: Hacks and scams are common, with billions lost over the years due to poor security or fraudulent projects.

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Institutional adoption is rising: Companies like Tesla and MicroStrategy have bought Bitcoin; major financial firms offer crypto-related services.

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Crypto can be used for remittances: Lower fees and faster transactions make it attractive for cross-border money transfers.

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