Photo by Pankaj Patel on UnsplashI tried to explain what Coinbase is in comic strips. TL;DR I explained what Coinbase does mean and how Coinbase reflects the idea in the crypto space.Some Takeaway Coinbase is a cryptocurrency online trading platform that becomes a crypto banking company. They provide crypto services particularly on security to help users to secure their crypto assets. However, Coinbase has another meaning that many people are less likely to know. It is the first transaction i...

Photo by Pankaj Patel on UnsplashI tried to explain what Coinbase is in comic strips. TL;DR I explained what Coinbase does mean and how Coinbase reflects the idea in the crypto space.Some Takeaway Coinbase is a cryptocurrency online trading platform that becomes a crypto banking company. They provide crypto services particularly on security to help users to secure their crypto assets. However, Coinbase has another meaning that many people are less likely to know. It is the first transaction i...

Photo by Dariusz Sankowski on UnsplashI tried to explain Proof of Work in comic strips. TL;DR I explained my thought process of how I create a Proof of Work comic. Limited Space I found it difficult at first to explain such a complex idea in a few pictures with limited sentences. By selecting the core idea about Proof of Work, I may be able to explain the concept in a very simple way while I reach the core idea. Proof of Work The idea is a decentralized way to meet consensus through working t...

Photo by Dariusz Sankowski on UnsplashI tried to explain Proof of Work in comic strips. TL;DR I explained my thought process of how I create a Proof of Work comic. Limited Space I found it difficult at first to explain such a complex idea in a few pictures with limited sentences. By selecting the core idea about Proof of Work, I may be able to explain the concept in a very simple way while I reach the core idea. Proof of Work The idea is a decentralized way to meet consensus through working t...

Photo by Hamza Baig on UnsplashI tried to explain what Token is in comic strips. TL;DR I explained what the token is and how the comic can present the idea in such a way.Some Takeaway The idea of a token is similar to cryptocurrency or cryptoasset. Only the difference is that the token refers to Bitcoin and Ethereum. They are more toward cryptocurrency that particularly runs on the top of the Ethereum blockchain. Altcoin and token may be interchangeable depending on if such asset has its own ...

Photo by Hamza Baig on UnsplashI tried to explain what Token is in comic strips. TL;DR I explained what the token is and how the comic can present the idea in such a way.Some Takeaway The idea of a token is similar to cryptocurrency or cryptoasset. Only the difference is that the token refers to Bitcoin and Ethereum. They are more toward cryptocurrency that particularly runs on the top of the Ethereum blockchain. Altcoin and token may be interchangeable depending on if such asset has its own ...

Photo by Oliur on UnsplashI tried to explain what Wallet is in comic strips. TL;DR I explained what Wallet can do and what the drawback of Wallet is.Some Takeaway The crypto wallet is software to connect blockchain to users. The wallet contains public and private keys. Public keys are similar to bank accounts, and private keys are similar to passwords. The wallet does not actually hold your crypto assets within the software. Instead, it is a browser to show where your crypto is in the blockch...

Photo by Oliur on UnsplashI tried to explain what Wallet is in comic strips. TL;DR I explained what Wallet can do and what the drawback of Wallet is.Some Takeaway The crypto wallet is software to connect blockchain to users. The wallet contains public and private keys. Public keys are similar to bank accounts, and private keys are similar to passwords. The wallet does not actually hold your crypto assets within the software. Instead, it is a browser to show where your crypto is in the blockch...

Photo by Shane Aldendorff on UnsplashI tried to explain what PoS is in comic strips. TL;DR I explained what PoS does mean and how PoS reflects the idea in the crypto space.Some Takeaway PoS or Proof of Stake is another consensus mechanism. Contrary to Proof of Work, the Proof of Stake approach moves away from the intensity of competition but rather focuses on transaction accuracy. Such a shift can potentially reduce energy consumption by 99.95%. Miners are becoming validators who stake their ...

Photo by Shane Aldendorff on UnsplashI tried to explain what PoS is in comic strips. TL;DR I explained what PoS does mean and how PoS reflects the idea in the crypto space.Some Takeaway PoS or Proof of Stake is another consensus mechanism. Contrary to Proof of Work, the Proof of Stake approach moves away from the intensity of competition but rather focuses on transaction accuracy. Such a shift can potentially reduce energy consumption by 99.95%. Miners are becoming validators who stake their ...

Photo by Marek Piwnicki on UnsplashOpenSea has experienced a phishing scam. Such an attack hooked over 640 ETH in assets from 32 users with the label Fake_Phishing5169. TL;DR The OpenSea phishing attack has a lesson learned to us. Should we still want a company to provide free service for us or should we find another alternative who can really provide free service in Web3 vision? Phishing AttackIt appears that Wyvern contract is a loophole for attackers to enter previously saved transfer call...

Photo by Marek Piwnicki on UnsplashOpenSea has experienced a phishing scam. Such an attack hooked over 640 ETH in assets from 32 users with the label Fake_Phishing5169. TL;DR The OpenSea phishing attack has a lesson learned to us. Should we still want a company to provide free service for us or should we find another alternative who can really provide free service in Web3 vision? Phishing AttackIt appears that Wyvern contract is a loophole for attackers to enter previously saved transfer call...

Photo by Marek Piwnicki on UnsplashI tried to explain Who Satoshi is in comic strips. TL;DR I explained my thought process of how I create a Satoshi in a comic.Some Takeaway What we know is that Satoshi is the Bitcoin white paper creator and possibly a creator of Bitcoin. He or she or a group of people were actively prioritized in 2012 after releasing Bitcoin in 2009. We knew that Dorina Nakamoto is not the real Satoshi after the real Satoshi posted a claim in 2014 about himself not being Dor...

Photo by Marek Piwnicki on UnsplashI tried to explain Who Satoshi is in comic strips. TL;DR I explained my thought process of how I create a Satoshi in a comic.Some Takeaway What we know is that Satoshi is the Bitcoin white paper creator and possibly a creator of Bitcoin. He or she or a group of people were actively prioritized in 2012 after releasing Bitcoin in 2009. We knew that Dorina Nakamoto is not the real Satoshi after the real Satoshi posted a claim in 2014 about himself not being Dor...

Photo by Erik Mclean on UnsplashI tried to find a better way to learn new things since the crypto space has evolved so much faster than ever! TL;DR Knowledge is evolving faster than ever in the crypto space. Finding a better way to capture knowledge is a way to help people stay informed. The comic is one way that can help to capture the knowledge. Rapidly Changing Crypto WorldStanding still is the fastest way of moving backwards in a rapidly changing world.Lauren BacallCrypto space evolved at...

Photo by Erik Mclean on UnsplashI tried to find a better way to learn new things since the crypto space has evolved so much faster than ever! TL;DR Knowledge is evolving faster than ever in the crypto space. Finding a better way to capture knowledge is a way to help people stay informed. The comic is one way that can help to capture the knowledge. Rapidly Changing Crypto WorldStanding still is the fastest way of moving backwards in a rapidly changing world.Lauren BacallCrypto space evolved at...

Photo by Christine Roy on UnsplashI tried to explain what DeFi is in comic strips. TL;DR I explained what DeFi can do and what the drawback of DeFi is.Some Takeaway The idea of a DeFi is contrary to traditional finance which is decentralized, transparent, pseudonymous, flexible, and open to all. It is a financial service that runs on top of the blockchain. The technology helps the financial system run without third parties and it forces the system to become more efficient or it will cost more...

Photo by Christine Roy on UnsplashI tried to explain what DeFi is in comic strips. TL;DR I explained what DeFi can do and what the drawback of DeFi is.Some Takeaway The idea of a DeFi is contrary to traditional finance which is decentralized, transparent, pseudonymous, flexible, and open to all. It is a financial service that runs on top of the blockchain. The technology helps the financial system run without third parties and it forces the system to become more efficient or it will cost more...

Photo by Neil Thomas on UnsplashI tried to explain what HODL is in comic strips. TL;DR I explained what HODL does mean and how HODL reflects the idea in the crypto space.Some Takeaway The HODL was accidentally created through a typo from a user named “GameKyuubi” on BitcoinTalk in 2013. He pointed out that trading was just too difficult when one tries to time the market. Rather he would just hold as long as possible. It then quickly got popular and became one of the crypto memes to those who ...

Photo by Neil Thomas on UnsplashI tried to explain what HODL is in comic strips. TL;DR I explained what HODL does mean and how HODL reflects the idea in the crypto space.Some Takeaway The HODL was accidentally created through a typo from a user named “GameKyuubi” on BitcoinTalk in 2013. He pointed out that trading was just too difficult when one tries to time the market. Rather he would just hold as long as possible. It then quickly got popular and became one of the crypto memes to those who ...

Photo by Lanju Fotografie on UnsplashHere is part 5 of the Defi guide and you can reference the detail here. TL;DR Commodity Futures Commodity Futures are rigged Insurance Insurance is rigged Housing Market Housing Market is rigged Crypto vs. Shadow Banks Commodity Futures The commodity price is stable to the general public but it fluctuates daily due to future markets with buying and selling contracts of such commodities (source). Commodity Futures are rigged Big banks control commodities pa...

Photo by Lanju Fotografie on UnsplashHere is part 5 of the Defi guide and you can reference the detail here. TL;DR Commodity Futures Commodity Futures are rigged Insurance Insurance is rigged Housing Market Housing Market is rigged Crypto vs. Shadow Banks Commodity Futures The commodity price is stable to the general public but it fluctuates daily due to future markets with buying and selling contracts of such commodities (source). Commodity Futures are rigged Big banks control commodities pa...

Photo by Joshua Eckstein on UnsplashIn part 11, let’s talk about the DAO journey. Of course, every journey will be a different one, here is just my opinion about what the DAO journey will be like. TL;DR I think there are 4 different steps on the DAO journey: Play to Learn, Learn to Create, Create to Earn, and Earn to Teach.Play to Learn It starts with a play. Yes, just like a game. To familiarize yourself with DAOs, you need to just try and play with them. Don’t worry about making mistakes or...

Photo by Joshua Eckstein on UnsplashIn part 11, let’s talk about the DAO journey. Of course, every journey will be a different one, here is just my opinion about what the DAO journey will be like. TL;DR I think there are 4 different steps on the DAO journey: Play to Learn, Learn to Create, Create to Earn, and Earn to Teach.Play to Learn It starts with a play. Yes, just like a game. To familiarize yourself with DAOs, you need to just try and play with them. Don’t worry about making mistakes or...