Dogecoin+Twitter > Crypto-sphere sidechain anchored @Twitter.
(Two changes to the Nov. 2022 article:
1) The below has been updated and revised, as of March 2023.
2) Addendum with ideation for a 3-token system added April 13, 2023.)
1) Buidl a new — Dogecoin+Twitter — sphere as a side-chain and give a walled garden “100% satisfaction guarantee/100% refunded” type of use and experience that our-grandmothers have habituated to, now dependent on, and where she can do crypto transactions using Dogecoin. And other coins (e.g., using wraps or otherwise).
2)… to give the experience to give easier security processes, protocols, and thus to design the UI and UX for “fat-thumbs”, say even to “dumb down” the crypto-sphere even nearly to the point of say “breaking the decentralized” part of the DLT (decentralized ledger technology) — for my-grandmother and yes, the other grandmothers — the institutions and enterprises which we in the crypto sphere so want to onboard.
3) Our grandmothers does-not/can-not/will-not now or forevamore want/handle the immutability or irrevocability, even easily or conveniently differentiate(!!!) the vastly different protocols in the crypto space as it’s an undifferentiated bundle of confusion, jargon, sharp things, and degenerate events, and biggest adoption friction.
4) The payoffs: Create and assign each Twitter account/user a Doge wallet by default*–then the crypto mass-adoption-mountains will come, drawn irresistibly, courtesy of the instant 300mil MAUs — which will be the biggest crypto user base by far. Then with the ease can convenience enabled by the grandma and fat-thumbs friendly safe and secure user-experiences, both the general economy mundane activities and pioneering new uses will emerge.
(*Since we secure the space via the side-chain and thus toddler-bumper protect the sharp edges and corners … then we won’t have to be limited and constrained by the need to learn the often onerous and unforgiving immutable finalities of the DLT. We start by the sidechain and automatically assigning a wallet to each Twitter account(!) … and in this secure massive-walled- garden with 300mil MAUs to start, the grandmothers and the enterprises can relax and play, as they do now in Web 2. The crypto space needs to bring the user security protocol experiences of Web 2 to Web 3, for the other 98%.)
5) Twitter will have: added channels/new activities; capture more discourse from both the traditionals media, the chat and social network rivals; new revenue/models; and its value per user/account will increase substantially. Also, value in the crypto sphere moon magnitude faster–several have surpassed 10s of billions in marketcap in just a few years and with very few headcounts–thus, the ROI investment in Twitter will be must faster … and mo’ fun.
6) The greatest western marketing innovation is “get your money back and satisfaction foreva” — as this resulted in higher purchases/business activity vs. the “all sales final” and “buyer beware”. Same safety can be created in the Twitter sphere; be a wide bridge to mass general adoption.
Some users wont even have use or need for passwords to their wallets — as all her recipients and vendors in the side chain use walled-garden rules/guidelines. The consumers habituated and evolved to the “satisfaction guaranteed foreva” environment and many have lost or weakened the ability to discriminate in their very soft and hyper pro-consumer society. We need to close the gap for them.
We need to bring the Web 2 safety and security convenience and experience to the Web 3. We start, with this “Web 2 + Web 3” sidechain at Twitter with Dogecoin.
https://twitter.com/peerlayer
(This page redirect from: peerlayer.one)
Addendum: Integrating a 3-Token System into the Curated Walled Garden Crypto Space on Twitter (April 13, 2023)
MC: Please see how the curated walled garden crypto space on Twitter and the 3-token system could work together. A reason for this is that if to implement the US-style checks and balance system, having 3 tokens would require a large enough space, as a stablecoin is suggested(algo, and not backed!)and the space should be large enough as well. Twitter is such a large space. Write this as an addendum to a long article on the curated space, where this three-token system is a possible strategy.
GPT4:
In the curated walled garden crypto space on Twitter, the implementation of a 3-token system could potentially enhance user experience, drive economic activity, and provide a more robust ecosystem for cryptocurrency transactions.
- Governance Token: The first token in this 3-token system would serve as a governance token, providing holders with voting rights on platform decisions and improvements. This would ensure that users have a voice in shaping the rules, features, and direction of the walled garden, fostering a sense of ownership and community engagement.
- Utility Token: The second token would be a utility token, which would facilitate various transactions and interactions within the walled garden. This token could be used for in-platform services such as content promotion, premium access, or purchasing goods and services from participating vendors. By enabling users to transact with this utility token, the walled garden would encourage economic activity and provide a valuable use case for the token.
- Stablecoin: Lastly, a stablecoin would be introduced to provide users with a reliable store of value and means of exchange. This stablecoin would be pegged to a traditional currency or basket of currencies, ensuring stability and reducing the risk of volatility. Integrating a stablecoin into the ecosystem would make it easier for users to transact within the walled garden without having to worry about price fluctuations.
By incorporating this 3-token system, the curated walled garden crypto space on Twitter would offer users a more comprehensive and engaging platform for discussing, sharing, and transacting with cryptocurrencies. This system would not only promote economic activity but also provide checks and balances among the three tokens, each serving a distinct purpose within the ecosystem.
