.@naval: I can't imagine working on anything besides crypto. Crypto was the biggest changemaker and biggest wealth maker of 2020.
.@balajis: Crypto is a civilization technology
.@naval: Property rights is one of the hardest problems. That's why we need nation state. Nation states do property rights. #BTC is solving this. #BTC is solving the hardest problem. If we can solve the BTC problem, we can solve everything else (decentralized media, file storage)
.@naval: I think the next big thing we're going to see is decentralize social networks. All the centralized social networks just created the 2008-2009 moment, it's going to change everything.
.@balajis switches topics to privacy:
I think we'll see a crypto operating system where everything from your messages, payments, identity, authentication etc will all be on blockchains.
@naval: "The unstoppable and un-snoopable phone"
.@balajis: Eventually password managers and crypto wallets will converge because they're the same thing. By the mid 2020s we'll see phones come with a charger and a hardware wallet. It goes into the phone port and allows you to unlock your crypto.
.@naval: The original internet protocols (e.g. HTTP) were stateless. So then private companies like Facebook started to store state and identity. But now they own and have data lock-in. Bitcoin is now the first *stateful* protocol. The data is all public and open to anyone.
.@naval explains this tweet: https://t.co/bE83SBo5gN

In the future, there will be one canonical social protocol with all the social data. The future YouTubes, Clubhouses, and Twitters will all be built on the winning social protocol. (We don't know yet which one will win.)
.@naval: I want to be totally platform-independent. If Twitter goes away, if Twitter deplatforms me, or if someone else deplatforms Twitter, I don't want to lose my followers or profile.
.@naval: Instead of following me on Twitter, you'll follow a pointer to me on the blockchain. If Twitter deplatforms me, I'll update the pointer to my new location on the blockchain.
.@naval: The other advantage of decentralized social networks is payments built-in. Right now, YouTube takes much more of the value created by users of the platform then they deserve.
.@naval: Decentralized social media will also be programmable. No more being limited by the one client made by the single company. In the future, there will be 100s of clients all competing with each other, all using the same underlying decentralized social protocol.
.@naval: The future decentralized social protocol will create trillions of dollars in value, but it won't all go to a few companies in the Bay Area. It'll be distributed across all the users of the platform.
.@naval: Decentralized social media is what I want to spend the next significant years of my professional career working on. Don't want to be a serf on Jack's or Zuck's farm.
.@naval: I want my followers to be permanent. I don't want to be de-platformed. I want my followers forever just like email addresses or RSS subscribers.

More from Crypto

A primer on how to use @coingecko for your crypto data/research/trading needs.

Share it with a friend who needs it!

1/ Getting started with crypto and want to check prices/projects? https://t.co/LFnk4vukxj has info on just about every crypto you'll need :)


2/ Search over 6000+ cryptocurrencies available on the market. You can see what's trending in the space as well.

Researching by categories? Filter (left side) -> Select categories -> DeFi, DOT ecosystem, Exchange-based tokens, NFTs - anything!


3/ Lets say you're looking at #Bitcoin
https://t.co/g205lj03pG

At a glance you get:
- Price
- Mkt Capitalization (valuation)
- Circulating/Total supply
- 24h trading volume
- Links to websites, social media, block explorers
- Calculator

Next - check valuation?


4/ Market cap is used to rank coins, and we'll show you how its calculated - Hover over Circulating Supply (?) for breakdown.

Note: used @chainlink as example here - https://t.co/Jc46fe79Ag

While MC is important also consider product fit, narrative, team, community etc.


5/ If you're trading on AMMs like @Uniswap or @SushiSwap, you can copy the contract address directly to your clipboard.

Using @metamask_io? Add the token directly so it shows as one of the "Assets" that you own in the wallet.

See: https://t.co/94XihMf5oz
Excited to share our 2020 #Bitcoin review.

2020 will be remembered as the year the long fabled institutions finally arrived and #Bitcoin became a bonafide macroeconomic asset.

Below are the top highlights of each month for Bitcoin’s historic year.

1/


Bitcoin is now at all-time highs capping off an extremely successful year.

But it was by no means stable ride up.

2020 was a historically volatile year.

@YoungCryptoPM and I provided a detailed overview of every month of 2020 in all its

Jan.

3 days into the new year the US assassinated Iran’s top general Soleimani.

BTC surprisingly reacted to the events behaving like a safe haven as the risk of war increased.

The events provided the first hints of BTC potentially having graduated to a legitimate macro asset.


Feb.

COVID-19 reached a tipping point causing markets to crash.

BTC’s correlation with the S&P 500 reached an ATH in the following weeks.

This is when everyone learned BTC was not a recession hedge, it was a hedge against inflation and loss of confidence in fiat currencies.
https://t.co/JB7dJ3qp6M


Mar.

Financial markets in free fall.

The liquidity crisis was so severe BTC experienced one of it’s worst days ever.

Now known as Black Thursday, on March 12, BTC plummeted as much as 50% to below $4,000 at its lowest point on the day.

BTC closed the day down 40%

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