TL;DR: CoinSpice scours the Twittersphere to shine light upon the top crypto tweets of the week. Bitmain co-founder Jihan Wu makes a rare comment appearance. A mini-thread gets into an interesting meditation about semantics. Ethereum co-founder Vitalik Buterin offers his thoughts on why a medium of exchange (MoE) will eventually, almost by definition, have more of a network effect. BTC maximalist arm Blockstream rolls out mining endeavor with a questionable image, and Joshua Davis warns the crypto community.
Tweets of the Week #5 Jihan Wu on Truth
Very classical discussion between propaganda and truth.
— Jihan Wu (@JihanWu) August 3, 2019
Every week there seems to be more discussion about the purpose of cryptocurrency. That might have something to do with newer people entering the space with this crazy, off-the-wall notion cryptocurrency … should … be … a … currency.
Top Crypto Tweets of the Week found this idea trending, and here are some notable quips, discussions, and threads. Always great to revisit the fundamentals.
#4 Semantics Based on Error
Mini thread on the #Bitcoin:
I believe the argument that $BTC is not the real Bitcoin because it is not 'cash' is a purely semantics based error.
If you look up the synonyms of cash, the first that pop up are: money, currency, legal tender.
Let's dive into the WP 1/x
— Sasha Fleyshman (@ArcaChemist) August 3, 2019
#3 Inherently Solitary Activity
Why though? I can see MoE having large network effects, but storing value is an inherently solitary activity. I can see greater market volume being useful but that feels like the gains there would taper out pretty quickly for most users.
— Vitalik Non-giver of Ether (@VitalikButerin) August 2, 2019
— David Shares (@DavidShares) August 8, 2019
#1 Matter of Community Safety
Malware scammer tried to get me to do a promo tweet.
I tried to scam him back with the plan to give whatever I got to you good people but he wanted me to install the malware and review it lol.
I would never post DMs unless it was a matter of community safety, this is.
— 𝐉𝐨𝐬𝐡𝐮𝐚 𝐃𝐚𝐯𝐢𝐬 🐺🦊 (@karbonbased) August 11, 2019
DISCLOSURE: The author holds cryptocurrency as part of his financial portfolio, including BCH.
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