Ellie
@ellied
Name a crypto-related technical concept that can't be explained using an analogy to mail. I'll wait.
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shazow
@shazow.eth
Hmm, let's try: Automated market makers, single slot finality, utxo, reorgs, hierarchical deterministic key derivation paths (BIP32).
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Ellie
@ellied
There could be some analogies here, I think! SSF is like mail today - once you receive it you always have it. Reorgs would be like if the post office delivered your mail, and then came back later and demanded it back. BIP32 is like an address. The top level key is the country, followed by states as children. The states have cities as children, the cities have zip codes, etc. Eventually you end up with each leaf in the tree representing a specific address. Since this tree represents all the addresses that exist, you can derive a specific address using the root (country) + path.
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Ellie
@ellied
AMMs are like shipping fees. Depending on what you are shipping (a book vs. a piano) you will have to pay different fees (like the different fees on different pairs of tokens on Uni). Plus, shipping fees will vary depending on where you are shipping from or to (shipping within the same city is cheap, analogous to a pool with lots of liquidity, vs. shipping to another country is expensive, like a pool with low liquidity). ChatGPT helped me with this one. UTXOs are like what's inside an envelope. If someone sends you a letter (a UTXO), you have to read (consume) the letter before you reply back (spend the UTXO). It's not any use to aggregate all your letters into an account because each letter is unique and related to its predecessor letter.
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