CORE Theory
Subscribe
Sign in
Share this post
CORE Theory
The Most Valuable Asset in the World
Copy link
Facebook
Email
Notes
More
The Most Valuable Asset in the World
Cordy Joseph
Aug 30, 2022
1
Share this post
CORE Theory
The Most Valuable Asset in the World
Copy link
Facebook
Email
Notes
More
A quick Twitter thread on blockchain domains on top of Bitcoin:
LIKE, SHARE & RETWEET
cordyjos.eth.rsk
@cordyjos
Blockchain domains are the most valuable assets in the world.
cordyjos.eth.rsk
@cordyjos
This is why it’s CRUCIAL to own blockchain domains. This saves costs on things like passports & allows anyone in the world to have an ID Since #bitcoin will be the first to be adopted by countries Then it makes sense to own your name and identity on top of bitcoin. https://t.co/8OncYWZNaC
cordyjos.eth.rsk
@cordyjos
Blockchain domains are so important. That they were the first ever NFTs. Satoshi Nakomoto created the technology for it to build apps on Bitcoin with AuxPoW (merge mining)
cordyjos.eth.rsk
@cordyjos
BitDNS is also considered the first ever NFTs. BitDNS we’re blockchain domains created in 2011 on Namecoin. Yes…Satoshi also built the technology for the first ever NFTs on Bitcoin. https://t.co/FJvfQPNNtY
cordyjos.eth.rsk
@cordyjos
Being able to own a name of your brand/DAO will be crucial. Owning that name on Bitcoin means your assets are not limited to just the time it takes for empires to fall (250 years) You can pass on your wealth for thousands of years!!!!
cordyjos.eth.rsk
@cordyjos
However, the issues with blockchain right now are these fears. Will governments make deFi illegal? 😅
cointelegraph.com/news/fbi-issue…
cointelegraph.com
FBI issues alert over cybercriminal exploits targeting DeFi
All investment involves some risk, but the FBI recommends due diligence before using DeFi platforms, and when in doubt, seek advice from a licensed financial adviser.
cordyjos.eth.rsk
@cordyjos
Well no need to worry… Owning your blockchain domains on Bitcoin means no need to worry about securities issues since Bitcoin was created and never sold as an ICO. Also
@RSKsmart
, the sidechain that allows you to use apps on Bitcoin, is compliant with regulations.
cordyjos.eth.rsk
@cordyjos
Why @rif_os RNS domains? Well one of the most underrated reasons is… @Coinfirm_io You get to use your identity and have support from regulated markets Decentralized apps on Bitcoin while being compliant with regulated markets 👀 An anti-money laundering solution https://t.co/6Q2hCxLsUm
cordyjos.eth.rsk
@cordyjos
Compliant enough for governments to trust and build on it. 
cordyjos.eth.rsk
@cordyjos
This is why RSK is able to create Decentralized apps on Bitcoin but can still work with governments such as Gibraltar! https://t.co/dFAjRstmkZ
cordyjos.eth.rsk
@cordyjos
Rootstock (RSK) improved on that tech to create a better merge mining system today. Merge mining is interesting bc it incentivizes Bitcoin miners to provide security on RSK.
medium.com
Modern Merge-mining
The Bitcoin community welcomes Bitcoin sidechains because they are increasing Bitcoin’s utility now and probably they will do even more in…
cordyjos.eth.rsk
@cordyjos
Merge mining brings security with just 10 % of miners. RSK only needed 10 % but last year averaged around 60 % . You can check RSK merge mining stats here:
stats.rsk.co
https://t.co/Rc5FAD9jim
Sergio Demian Lerner (sergio.lerner.rsk)
@SDLerner
@abrkn No, technically you can get 100% of Bitcoin hashrate only merge-mining 10% if you have a fork monitoring system such as Armadillo. You trade liveness for soundness. The same idea used for ETC Fork detection here: https://t.co/flnqkl9p7I
cordyjos.eth.rsk
@cordyjos
Now on RSK... How I'm I able to use real Bitcoin? Well RSK’s Bitcoin (rBTC) is just Bitcoin bridged from the regular Bitcoin network to the RSK network. This is done in a decentralized fashion and secured by Bitcoin’s proof of work.
medium.com
Building the Most Secure, Permissionless and Uncensorable Bitcoin Peg
by Sergio Demian Lerner and Sebastian Lindner
cordyjos.eth.rsk
@cordyjos
People will tell you “I heard Bitcoin is boring... It doesn't do anything. I’ll just use Ethereum.” Well there's a bigger issue atm. 50 % of ethereum nodes are using AWS.
☀🌸Crypto Eri 206k Followers (beware of imposters)
@sentosumosaba
🤦♀️Decentralized? The Aug 15 Messari report on ETH was conveniently ignored by media. 65% of @Ethereum nodes are hosted in data centers. 👉50% on AWS. AWS is becoming more of a hybrid, but still basically a centralized cloud service, with outage disruptions across the globe. https://t.co/JMb0qvcjbE
cordyjos.eth.rsk
@cordyjos
Listen to the
@AltcoinDailyio
youtube video here with leaked audio about the centralization happening on ethereum.
youtube.com
ETHEREUM HODLERS… CAN’T BELIEVE THIS IS HAPPENING (LEAKED AUDIO)
Before you buy ETH watch this! What’s happening w/ ethereum merge? Today we discuss the LATEST cryptocurrency news for bitcoin, ethereum, altcoins, & more! ?...
cordyjos.eth.rsk
@cordyjos
I'm not against Ethereum. I love ethereum. Ethereum has done a lot for the space. Here's a solution...
cordyjos.eth.rsk
@cordyjos
One of the projects on RSK
@rif_os
is able to bring decentralized storage on top of Bitcoin with RIF Storage.
rifos.org/storage
cordyjos.eth.rsk
@cordyjos
Data is the new oil. So it's important to take ownership over your data. RIF storage will store your files on top of Bitcoin.
cordyjos.eth.rsk
@cordyjos
This makes the entire crypto space better if our files and websites are stored in a decentralized way on top of
#Bitcoin
. Ethereum will need this feature. https://t.co/AMIpYrAH80
Sergio Demian Lerner (sergio.lerner.rsk)
@SDLerner
@peter_szilagyi RSK is activating storage rent in the next network upgrade. I can give a talk on the design we settled after 4 years of iteration, if you are interested. Ethereum could do it too.
cordyjos.eth.rsk
@cordyjos
Since RSK is evm compatible... Ethereum would be able to use this feature to help them as well. This will make Ethereum more decentralized. https://t.co/72Kd2UmxAT
Gabriel Kurman
@GabrielKurman
#Rootstock technology could help #Ethereum become more decentralized. https://t.co/GIlGu3BqyL
cordyjos.eth.rsk
@cordyjos
There's also Rlogin on RSK which gives you control over your identity. Allows you to log in to websites ALL on top of Bitcoin. https://t.co/qcopps1TiQ
RSK
@RSKsmart
Launched in March 2021, rLogin from @rif_os is the first step to access the #DeFi world while achieving Self-Sovereign Identity! 👤 rlogin let users manage only one account to access both Web3 and Identity 3.0 (SSI) platforms. Learn more at https://t.co/sO6GFuCAvI #RSK4Years https://t.co/TTX1z56doC
cordyjos.eth.rsk
@cordyjos
Now let's go back to Blockchain domains You're storing files on Bitcoin ALL decentralized with control of your data Rlogin let's you log into websites How do you own that name? Well... You own that name by buying the RNS blockchain domain.
cordyjos.eth.rsk
@cordyjos
This .rsk domain can be added to websites. This creates the path for the next step of the internet. One where you own your data and identity. Where all your files are stored on Bitcoin.
cordyjos.eth.rsk
@cordyjos
Now imagine when companies want to secure their identities on Bitcoin. 🤔
cordyjos.eth.rsk
@cordyjos
Why Bitcoin? Well it's the most secure network in the world. 😎
Money On Chain - Stablecoin Protocol
@moneyonchainok
Fun fact: Bitcoin network had been working 99.9876% of the time since its launch on Jan 3, 2009 MOST SECURE NETWORK EVER CREATED. https://t.co/ZbeSqKXFCw https://t.co/mmZ6N7cVqn
cordyjos.eth.rsk
@cordyjos
I own blackrock.rsk The most valuable company in the world with $10 trillion in assets. If they need to own their identity on Bitcoin they’ll have to buy this name. It's as simple as that. We can't rely on Godaddy to secure DeFi and Blockchain tech.
cordyjos.eth.rsk
@cordyjos
Websites need to be run in a decentralized way. There's no better place but Bitcoin. This was Satoshi’s true mission. The internet is not a free internet if we rely on AWS for Ethereum nodes or .com from godaddy to trade trillions with defi. 😂
bitcode.substack.com/p/how-to-buy-b…
bitcode.substack.com
How to Buy Blockchain Domains on Bitcoin
Introducing RSK: The most secure smart contracts platform in the world
LIKE, SHARE & RETWEET
Comments
Share
Copy link
Facebook
Email
Notes
More
This site requires JavaScript to run correctly. Please
turn on JavaScript
or unblock scripts
Share this post
The Most Valuable Asset in the World
Share this post
A quick Twitter thread on blockchain domains on top of Bitcoin:
LIKE, SHARE & RETWEET
LIKE, SHARE & RETWEET