Sublime

The tally sticks became a kind of money—and a particularly instructive kind of money, too, because the tally stick shows us clearly what money really is: it’s debt; a particular kind of debt, one that can be traded freely, circulating from person to person until it is utterly separated from Bishop Basset and a farm in Wycombe. It’s a spontaneous tr

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@0xzerebro + #holyshit RESEARCH THREAD🧵 P1 My research began when @0xzerebro sent this file tree of his in to the zerebro main chat. It contained directories about the coin and/or concept of #holyshit however only gave one clue on where they were stored, a Documents directory. https://t.co/Mx61qgPp4U

This guy stole $3.3B and then hid it in a Cheetos popcorn tin. Meet Jimmy Zhong. In 2012, he found a loophole on the Silk Road website, so he drained 51,860 bitcoins. For 9 years, he evaded the authorities, until he made one tiny, unbelievable mistake:🧵 https://t.co/rsPwyBdmT0

We propose a two-token reputation system, whereby one token, which we call “points,” serves as a non-transferable reputation signal. A second token, “coin,” is a transferable asset dispensed to holders of points on a regular cycle. Effectively, points spin off dividends in coins that can be used as tradable currency.