Twitter for Mac Archives - Page 21 of 443 - Kingkool68's Tweet Archive

@dabernathy89 Previously it was really hard to make a new currency. Now it is easier and we can try out different ideas for different problems.

@dabernathy89 With the explosion of the web we saw lots of different things with information. Cryptocurrencies are the same thing but with money.

@dabernathy89 One example is Bitcoin Gold that wants to change how work is verified to prevent highly specialized mining equipment from dominating.

@dabernathy89 There are so many different coins because of experimentation. They can take bitcoin and tweak it.

@dabernathy89 If they find the right hash to verify a transaction they get a small fee.

@dabernathy89 It’s math based and decentralized so the greater community handles verifying the transactions so no fraud. This is what mining is.

@dabernathy89 Think of it like Git for Money. All transactions are recorded sequentially in the blockchain.

In reply to

And last night cryptocurrencies finally clicked for me. And man are they awesome.

@hakimel Congrats! Now your time has been cut 4x

Because LinkedIn isn’t annoying enough as it is… twitter.com/techmeme/status/9188…

@greglinch I feel like all I do is offer snide comments on people’s tweets. Mastadon is kind of fun today.

@jannatul91t YAY WordPress!

@greglinch I’m just making small talk on the Twitter net.

In reply to

A sample:

Much like Twitter, everyone’s first Mastadon posts are a bunch of “What is this thing?” and “How does this even work?”

You can find me all confused and perplexed about a decentralized Twitter clone over at mastodon.social/@kingkool68

Russell Heimlich