2/ This is what we see with Bitcoin. Smart contracts via ethereum changed this, adding the ability to build other applications, with the data at the base layer. This does present scaling issues.

#threadstorm 1/🧵 A lot is made of blockchain and the evolution that is taking place. Blockchain is a financial ledger, at its core, just like a bank ledger. It records transactions while maintaining balances.

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5/ We are now at the point where some things are being done to promote Hive in ways that show off the talent here. The draw of post and get rewarded is a failure. We need serious people who are willing

4/ The Hive Broadcasting Network (not the official name) is being formed with the intent on bringing a degree of professionalism to the table. It is time for people on Hive to up their game.

3/ When YouTube became huge, it was not the fact that stars from tv moved over. YouTube created their own. That is what Web3 will have to do. It is up to us to create them.

2/ This means we are going to see a period of transition. It will last years, just like the shift from broadcast to web based (which isnt complete yet). Now we have the opportunity to insert ourselves

#threadstorm 1/🧵 I believe Hive is at the forefront of #web3. We see the foundation going into place and this is really the only site with social media at the forefront of the ecosystem. For that reason,

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5/ This is a major game changer. We are going to see a lot of things springboard from this. Let the building begin.

4/ This leads us to the conclusion that the Fed is trying to get involved in the process, providing validation that most had who are into crypto. Nevertheless, the masses seem to need it.

3/ The Fed is claiming that it should be part of the regulatory process since they have monetary authority over the currency. We will leave side the fact that most money transactions have no currency involved.

2/ We see how cryptocurrency and the Eurodollar system are the same. The difference is one is only available to banks while the other is open to anyone. This can be corporations or individuals.

#threadcast 1/🧵 Fed Chair Jerome Powell made waves yesterday by calling stablecoins money. This is a game changer for the industry. However, it should be nothing new since I write about the Eurodollar

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4/ We have the situation where #crypto is establishing new standards. This is very powerful and something we should not overlook. The established fin system is trying to bridge by taking over crypto.

3/ EV charging is undergoing a profound evolution. We are now at the point where we see a standard being pushed by gov't differ from what the industry is adopting. Here is where biz takes over.

2/ Many feel government as the ability to wave its magic wand and make it so. This is true in the area of money. Sadly, this is not what history reflects. This is where the lessons before us are so valuable.

#threadstorm 1/🧵 We have a major battle going on between governments and the incumbents battling disruption. We see the financial institutions turning to government for protection. This usually does not

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