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Cameron Armstrong
@cameron
new required reading for magic internet money connoisseurs just dropped 🤠https://www.bitsaboutmoney.com/archive/the-business-of-wallets/
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Cassie Heart
@cassie
what if i told you the next dimensional step in thinking is: there is no wallet
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Cameron Armstrong
@cameron
will we all live in the quilibrium cloud??
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Cassie Heart
@cassie
dare to dream but in the meantime, a little more grounded in reality is that with passkeys/webauthn, every device can create domain-segregated "wallets" without a user even knowing what a wallet is.
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Cameron Armstrong
@cameron
do you have any reading on chains of access/where the piles of transactable currencies live in this world? (Or thoughts)
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Cassie Heart
@cassie
TLDR: historic: piles of currencies live digitally siloed in protected institutions with backing RWAs moved as needed to facilitate interchange (most "money" is technically not real) mid: cryptocurrencies stand as an intermediary which lets users self-custody and minimize interchange to a distributed mesh (tx fees)
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Cassie Heart
@cassie
current: self-custody is cumbersome and complicated, requires extreme exposure to underlying technology and knowing how it works and facilitates transfer (bitcoin easy to footgun by sending to wrong address, ethereum easy to footgun for the same reason plus having to understand/trust EVM bytecode) - this has lead to
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