The Daily Gwei

I forgot how frustrating it is to use the Bitcoin chain—waited nearly 40 minutes for a single confirmation. What felt magical 10 years ago is now a hassle.

Onchain boomer building out the world of decentralized networks, financial protocols, and DAOs. 
Current focus: vaults.fyi

Bitcoin is a peer-to-peer* electronic** cash system***

* peer = large mining operation, profitable solo mining ~impossible

** uses as much power as Switzerland today. (but this will drop as the security budget paying for it keeps halving…)

*** no stablecoins & your transaction might take an hour to confirm