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My take on the Bitclout is that it's another mechanism for people to hedge inflationary risk by pegging the value of their cash to the individual. The revolutio
by llaolleh 6y ago
My take on the Bitclout is that it's another mechanism for people to hedge inflationary risk by pegging the value of their cash to the individual. The revolutionary idea that this project seems to get at is that anyone can create their own currency. If you think about it in those terms it's a powerful idea. It's decentralizing the decentralized financial system one step further.
But in no way I would classify this is a decentralized version of Twitter. Lot of things are not quite correct.
- AzzieElbab 6y agoWell put. That is how I see it as well. “Decentralised Twitter” is just a phrase used to politicise the product