Category · Crypto & Web3
Crypto & Web3
Concepts Noah has found here
Foundational blockchains
0/2 placesBitcoin
1/2 placesThe first decentralized cryptocurrency, released in 2009 under the pseudonym Satoshi Nakamoto, which established the technical and ideological basis for all subsequent blockchain systems.
Foundational blockchains
0/2 placesCollapse and bankruptcy
2/2 placesA major blockchain protocol whose algorithmic stablecoin collapsed in May 2022, wiping out $45 billion in value and becoming a landmark case of cryptocurrency system failure.
KeptPushed outRejected
✓ In the Ark · 3
#0027Crypto & Web3
FTX
A $32 billion crypto exchange that evaporated in days
“A bank run begun by a tweet, ending a company that had spent two years advertising itself as the safe way in.”
#0020Crypto & Web3
Terra (blockchain)
A blockchain that promised stability and collapsed in a week
“Algorithmic stability without collateral turned out to be a belief, not a law, and belief unwound in seven days.”
#0019Crypto & Web3
Bitcoin
The first digital money with no bank or government
“A pseudonymous stranger proposed that arithmetic could replace banks, and a very large number of people decided to find out.”