{"id":12518,"date":"2019-11-24T11:30:35","date_gmt":"2019-11-24T19:30:35","guid":{"rendered":"https:\/\/www.duck9.com\/?p=12518"},"modified":"2019-11-24T19:40:24","modified_gmt":"2019-11-24T23:40:24","slug":"myths-debunked-via-deep-undergrad-crypto-knowledge-duck","status":"publish","type":"post","link":"https:\/\/www.duck9.com\/blog\/myths-debunked-via-deep-undergrad-crypto-knowledge-duck\/","title":{"rendered":"Myths Debunked via Deep Undergrad Crypto Knowledge, DUCK"},"content":{"rendered":"<div>\n<div dir=\"ltr\">\n<table style=\"border: 1px solid black; padding: 8px\">\n<tbody>\n<tr valign=\"bottom\">\n<td width=\"48\"><img decoding=\"async\" src=\"https:\/\/pbs.twimg.com\/profile_images\/971127018023665664\/cDRrTbCI_normal.jpg\" style=\"width: 48px; height: 48px; padding-right: 8px\"><\/td>\n<td><b>Reid Hoffman (<a href=\"https:\/\/twitter.com\/reidhoffman?s=11\">@reidhoffman<\/a>)<\/b><\/td>\n<\/tr>\n<tr>\n<td colspan=\"2\">\n<div><a href=\"https:\/\/twitter.com\/reidhoffman\/status\/1169599231075577856?s=11\">9\/5\/19, 7:12 AM<\/a><\/div>\n<div>Inspired by <a href=\"https:\/\/twitter.com\/\u202a@Lin_Manuel\u202c\u2069\"><\/a><a href=\"mailto:\u2066\u202a@Lin_Manuel\u202c\u2069\">\u2066\u202a@Lin_Manuel\u202c\u2069<\/a>, I produced a battle rap music video about centralized and decentralized currencies, pitting Alexander Hamilton against Satoshi Nakamoto.<\/p>\n<div>\n<div>\n<p>Watch the full video: &#x1f449; <a href=\"https:\/\/t.co\/DtLMzQQWyR\"><span>youtu.be\/JaMJi1_1tkA<\/span><\/a><\/p>\n<p>Trailer below. <a href=\"https:\/\/t.co\/O0U0853e0b\"><span>pic.twitter.com\/O0U0853e0b<\/span><\/a><\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<div dir=\"ltr\">\n<div dir=\"ltr\"><span style=\"background-color: rgba(255, 255, 255, 0)\">Palo Alto, CALIF<\/span><\/div>\n<div dir=\"ltr\"><span style=\"background-color: rgba(255, 255, 255, 0)\">By Larry Chiang<\/span><\/div>\n<div dir=\"ltr\"><span style=\"background-color: rgba(255, 255, 255, 0)\"><br \/>\n<\/span><\/div>\n<div dir=\"ltr\"><span style=\"background-color: rgba(255, 255, 255, 0)\">Reid Hoffman produced a battle rap video where Alexander Hamilton goes against Satoshi Nakamoto. This is weird because Alexander Hamilton didn\u2019t&nbsp;centralize the American currency.&nbsp;<\/span><\/div>\n<div dir=\"ltr\"><span style=\"background-color: rgba(255, 255, 255, 0)\"><br \/>\n<\/span><\/div>\n<div dir=\"ltr\"><span style=\"background-color: rgba(255, 255, 255, 0)\">Senator Nelson Aldrich created the privately owned Federal Reserve,&nbsp;<\/span><span style=\"background-color: rgba(255, 255, 255, 0)\">not Alexander Hamilton.<\/span><\/div>\n<div dir=\"ltr\"><span style=\"background-color: rgba(255, 255, 255, 0)\"><br \/>\n<\/span><\/div>\n<div dir=\"ltr\">\n<table style=\"border: 1px solid black; padding: 8px\">\n<tbody>\n<tr valign=\"bottom\">\n<td width=\"48\"><span style=\"background-color: rgba(255, 255, 255, 0)\"><img decoding=\"async\" src=\"https:\/\/pbs.twimg.com\/profile_images\/361307546\/larry-chiang9-duck9-business-card_normal.jpg\" style=\"width: 48px; height: 48px; padding-right: 8px\"><\/span><\/td>\n<td><b style=\"background-color: rgba(255, 255, 255, 0)\">CEO of Duck9, Larry at (650) 283-8008 (<a href=\"https:\/\/twitter.com\/6502838008?s=11\">@6502838008<\/a>)<\/b><\/td>\n<\/tr>\n<tr>\n<td colspan=\"2\">\n<div><a href=\"https:\/\/twitter.com\/6502838008\/status\/1198662734931382273?s=11\" style=\"caret-color: rgb(0, 0, 0); background-color: rgba(255, 255, 255, 0)\"><font color=\"#000000\">11\/24\/19, 11:00 AM<\/font><\/a><\/div>\n<div><span style=\"background-color: rgba(255, 255, 255, 0)\">Senator Nelson Aldrich not Alexander Hamilton.&nbsp;<\/p>\n<div>\n<div>\n<p>Reid, read* the source code for how centrally banked fiat** got its \u201cblitzscaling***, start. Sen Aldrich flanked the &#x1f1fa;&#x1f1f8; people**** and blitzed the lower house.&nbsp;<\/p>\n<p>*<a href=\"https:\/\/twitter.com\/search?q=%23cs183PQRST&#038;src=hash\">#cs183PQRST<\/a><\/p>\n<p>**<a href=\"https:\/\/twitter.com\/search?q=%23cs183fanfe&#038;src=hash\">#cs183fanfe<\/a><\/p>\n<p>***<a href=\"https:\/\/twitter.com\/search?q=%23cs183c&#038;src=hash\">#cs183c<\/a><\/p>\n<p>****<a href=\"https:\/\/twitter.com\/search?q=%23cs183bBC&#038;src=hash\">#cs183bBC<\/a>&nbsp;<\/p>\n<p>(A thread)<\/p>\n<\/div>\n<\/div>\n<p><\/span><\/div>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p><span style=\"background-color: rgba(255, 255, 255, 0)\"><br \/>\n<\/span><\/p>\n<\/div>\n<div dir=\"ltr\">\n<table style=\"border: 1px solid black; padding: 8px\">\n<tbody>\n<tr valign=\"bottom\">\n<td width=\"48\"><span style=\"background-color: rgba(255, 255, 255, 0)\"><img decoding=\"async\" src=\"https:\/\/pbs.twimg.com\/profile_images\/361307546\/larry-chiang9-duck9-business-card_normal.jpg\" style=\"width: 48px; height: 48px; padding-right: 8px\"><\/span><\/td>\n<td><b style=\"background-color: rgba(255, 255, 255, 0)\">CEO of Duck9, Larry at (650) 283-8008 (<a href=\"https:\/\/twitter.com\/6502838008?s=11\">@6502838008<\/a>)<\/b><\/td>\n<\/tr>\n<tr>\n<td colspan=\"2\">\n<div><a href=\"https:\/\/twitter.com\/6502838008\/status\/1198668554809143296?s=11\" style=\"caret-color: rgb(0, 0, 0); background-color: rgba(255, 255, 255, 0)\"><font color=\"#000000\">11\/24\/19, 11:23 AM<\/font><\/a><\/div>\n<div><span style=\"background-color: rgba(255, 255, 255, 0)\">The whole, \u201cAlexander Hamilton\u201d story is a myth. He did not cofound the &#x1f1fa;&#x1f1f8; central bank&nbsp;<\/p>\n<div>\n<div>\n<p>This urban legend has a baaaaad underbelly&#8230;&nbsp;<a href=\"https:\/\/t.co\/dq8iOf5ozG\">pic.twitter.com\/dq8iOf5ozG<\/a><\/p>\n<\/div>\n<\/div>\n<p><\/span><\/div>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p><span style=\"background-color: rgba(255, 255, 255, 0)\"><br \/>\n<\/span><span style=\"background-color: rgba(255, 255, 255, 0)\"><img decoding=\"async\" src=\"https:\/\/www.duck9.com\/wp-content\/uploads\/2019\/11\/image1-9.jpeg\" alt=\"image1.jpeg\" id=\"52B0EE4E-1DFF-489F-AE2E-4573C1F077DC\"><\/span><span style=\"background-color: rgba(255, 255, 255, 0)\"><br \/>\nTruth bomb: The Federal Reserve is not federal. It\u2019s privately owned.&nbsp;<\/span><\/p>\n<\/div>\n<div dir=\"ltr\"><span style=\"background-color: rgba(255, 255, 255, 0)\"><br \/>\n<\/span><\/div>\n<div dir=\"ltr\">\n<table style=\"border: 1px solid black; padding: 8px\">\n<tbody>\n<tr valign=\"bottom\">\n<td width=\"48\"><span style=\"background-color: rgba(255, 255, 255, 0)\"><img decoding=\"async\" src=\"https:\/\/pbs.twimg.com\/profile_images\/361307546\/larry-chiang9-duck9-business-card_normal.jpg\" style=\"width: 48px; height: 48px; padding-right: 8px\"><\/span><\/td>\n<td><b style=\"background-color: rgba(255, 255, 255, 0)\">CEO of Duck9, Larry at (650) 283-8008 (<a href=\"https:\/\/twitter.com\/6502838008?s=11\">@6502838008<\/a>)<\/b><\/td>\n<\/tr>\n<tr>\n<td colspan=\"2\">\n<div><a href=\"https:\/\/twitter.com\/6502838008\/status\/1198670496386019328?s=11\" style=\"caret-color: rgb(0, 0, 0); background-color: rgba(255, 255, 255, 0)\"><font color=\"#000000\">11\/24\/19, 11:31 AM<\/font><\/a><\/div>\n<div><span style=\"background-color: rgba(255, 255, 255, 0)\">And of course CNBC decides to distribute these myths about money.&nbsp;<\/p>\n<div>\n<div>\n<p><a href=\"https:\/\/t.co\/9BfzQ0tixY\">twitter.com\/cnbcfastmoney\/\u2026<\/a><\/p>\n<\/div>\n<\/div>\n<p><\/span><\/div>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p><span style=\"background-color: rgba(255, 255, 255, 0)\"><br \/>\n<\/span><span style=\"background-color: rgba(255, 255, 255, 0)\"><img decoding=\"async\" src=\"https:\/\/www.duck9.com\/wp-content\/uploads\/2019\/11\/image2-9.jpeg\" alt=\"image2.jpeg\" id=\"7903010F-44CF-4A8E-91B1-3E5AD4F9303B\"><\/span><span style=\"background-color: rgba(255, 255, 255, 0)\"><br \/>\nBe capital efficient in starting and do not go in to credit card debt too much doing a startup<\/span><\/p>\n<\/div>\n<div dir=\"ltr\"><span style=\"background-color: rgba(255, 255, 255, 0)\"><br \/>\n<\/span><\/div>\n<div dir=\"ltr\">\n<table style=\"border: 1px solid black; padding: 8px\">\n<tbody>\n<tr valign=\"bottom\">\n<td width=\"48\"><span style=\"background-color: rgba(255, 255, 255, 0)\"><img decoding=\"async\" src=\"https:\/\/pbs.twimg.com\/profile_images\/361307546\/larry-chiang9-duck9-business-card_normal.jpg\" style=\"width: 48px; height: 48px; padding-right: 8px\"><\/span><\/td>\n<td><b style=\"background-color: rgba(255, 255, 255, 0)\">CEO of Duck9, Larry at (650) 283-8008 (<a href=\"https:\/\/twitter.com\/6502838008?s=11\">@6502838008<\/a>)<\/b><\/td>\n<\/tr>\n<tr>\n<td colspan=\"2\">\n<div><a href=\"https:\/\/twitter.com\/6502838008\/status\/1198671430113611776?s=11\" style=\"caret-color: rgb(0, 0, 0); background-color: rgba(255, 255, 255, 0)\"><font color=\"#000000\">11\/24\/19, 11:35 AM<\/font><\/a><\/div>\n<div><span style=\"background-color: rgba(255, 255, 255, 0)\">Instead of delving deeper and doing your own analysis, just start with something Reid&nbsp;<a href=\"https:\/\/twitter.com\/\u202a@reidhoffman\u202c\u2069\"><\/a><a href=\"mailto:\u2066\u202a@reidhoffman\u202c\u2069\">\u2066\u202a@reidhoffman\u202c\u2069<\/a>&nbsp;and I agree on:<\/p>\n<div>\n<div>\n<p>Be capital efficient in starting and do not go in to credit card debt too much doing a startup. And study&nbsp;<a href=\"https:\/\/twitter.com\/search?q=%23cs183c&#038;src=hash\">#cs183c<\/a>, b, e, d and&nbsp;<a href=\"https:\/\/twitter.com\/search?q=%23cs183s&#038;src=hash\">#cs183s<\/a>\u2019 start:&nbsp;<a href=\"https:\/\/twitter.com\/search?q=%23ZeroToOne&#038;src=hash\">#ZeroToOne<\/a><\/p>\n<\/div>\n<\/div>\n<p><\/span><\/div>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p><span style=\"background-color: rgba(255, 255, 255, 0)\"><br \/>\n<\/span><span style=\"background-color: rgba(255, 255, 255, 0)\"><img decoding=\"async\" src=\"https:\/\/www.duck9.com\/wp-content\/uploads\/2019\/11\/image4-2.jpeg\" alt=\"image4.jpeg\" id=\"B6FB1E16-1195-40BA-B522-8E783AC7F422\"><\/span><span style=\"background-color: rgba(255, 255, 255, 0)\"><br \/>\nFA Hayek<\/span><\/p>\n<\/div>\n<div dir=\"ltr\"><span style=\"background-color: rgba(255, 255, 255, 0)\"><a href=\"https:\/\/www.youtube.com\/watch?v=d0nERTFo-Sk\">https:\/\/www.youtube.com\/watch?v=d0nERTFo-Sk<\/a><\/span><span style=\"background-color: rgba(255, 255, 255, 0)\">&nbsp;&nbsp;<\/span><\/div>\n<div dir=\"ltr\">\n<table style=\"border: 1px solid black; padding: 8px\">\n<tbody>\n<tr valign=\"bottom\">\n<td width=\"48\"><span style=\"background-color: rgba(255, 255, 255, 0)\"><img decoding=\"async\" src=\"https:\/\/pbs.twimg.com\/profile_images\/361307546\/larry-chiang9-duck9-business-card_normal.jpg\" style=\"width: 48px; height: 48px; padding-right: 8px\"><\/span><\/td>\n<td><b style=\"background-color: rgba(255, 255, 255, 0)\">CEO of Duck9, Larry at (650) 283-8008 (<a href=\"https:\/\/twitter.com\/6502838008?s=11\">@6502838008<\/a>)<\/b><\/td>\n<\/tr>\n<tr>\n<td colspan=\"2\">\n<div><a href=\"https:\/\/twitter.com\/6502838008\/status\/1198675938810023936?s=11\" style=\"caret-color: rgb(0, 0, 0); background-color: rgba(255, 255, 255, 0)\"><font color=\"#000000\">11\/24\/19, 11:53 AM<\/font><\/a><\/div>\n<div><span style=\"background-color: rgba(255, 255, 255, 0)\">Remember if a&nbsp;<a href=\"https:\/\/twitter.com\/search?q=%23SiliconValley&#038;src=hash\">#SiliconValley<\/a>&nbsp;VC who literally funded PayPal gets money confused, all y\u2019all coeds have zero shot<\/p>\n<div>\n<div>\n<p>Set aside beliefs and disbeliefs<\/p>\n<p>Do the mundane and get 24 on time payments traced against your cellphone number and matched up on your social security number&nbsp;<a href=\"https:\/\/t.co\/Pw1SHGlkYZ\">pic.twitter.com\/Pw1SHGlkYZ<\/a><\/p>\n<\/div>\n<\/div>\n<p><\/span><\/div>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p><span style=\"background-color: rgba(255, 255, 255, 0)\"><\/span><\/p>\n<\/div>\n<div dir=\"ltr\">\n<table style=\"border: 1px solid black; padding: 8px\">\n<tbody>\n<tr valign=\"bottom\">\n<td width=\"48\"><span style=\"background-color: rgba(255, 255, 255, 0)\"><img decoding=\"async\" src=\"https:\/\/pbs.twimg.com\/profile_images\/361307546\/larry-chiang9-duck9-business-card_normal.jpg\" style=\"width: 48px; height: 48px; padding-right: 8px\"><\/span><\/td>\n<td><b style=\"background-color: rgba(255, 255, 255, 0)\">CEO of Duck9, Larry at (650) 283-8008 (<a href=\"https:\/\/twitter.com\/6502838008?s=11\">@6502838008<\/a>)<\/b><\/td>\n<\/tr>\n<tr>\n<td colspan=\"2\">\n<div><a href=\"https:\/\/twitter.com\/6502838008\/status\/1198676987377680384?s=11\" style=\"caret-color: rgb(0, 0, 0); background-color: rgba(255, 255, 255, 0)\"><font color=\"#000000\">11\/24\/19, 11:57 AM<\/font><\/a><\/div>\n<div><span style=\"background-color: rgba(255, 255, 255, 0)\">time for a belfie.&nbsp;<\/p>\n<div>\n<div>\n<p>They were wayyy more&nbsp;<a href=\"https:\/\/twitter.com\/search?q=%23hiLarryAss&#038;src=hash\">#hiLarryAss<\/a>&nbsp;when people used disposable cameras. And upon \u201cdevelopment\u201d, you\u2019d see my butt<\/p>\n<p>This applies to credit scores because \u2018delayed gratification\u2019, matters&nbsp;<a href=\"https:\/\/t.co\/bwBdfb59qA\">pic.twitter.com\/bwBdfb59qA<\/a><\/p>\n<\/div>\n<\/div>\n<p><\/span><\/div>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p><span style=\"background-color: rgba(255, 255, 255, 0)\"><br \/>\n<\/span><\/p>\n<\/div>\n<div dir=\"ltr\"><img decoding=\"async\" src=\"https:\/\/www.duck9.com\/wp-content\/uploads\/2019\/11\/image3-6-rotated.jpeg\" alt=\"image3.jpeg\" id=\"6A71DDCF-27A5-4115-AC60-43DD10C165B9\"><span style=\"background-color: rgba(255, 255, 255, 0)\"><br \/>\n<\/span><\/div>\n<p><span style=\"background-color: rgba(255, 255, 255, 0)\">time for a belfie.&nbsp;<br \/>\n<\/span><\/p>\n<\/div>\n<div dir=\"ltr\">\n<table style=\"border: 1px solid black; padding: 8px\">\n<tbody>\n<tr valign=\"bottom\">\n<td width=\"48\"><span style=\"background-color: rgba(255, 255, 255, 0)\"><img decoding=\"async\" src=\"https:\/\/pbs.twimg.com\/profile_images\/488493213691310080\/2xgj78jZ_normal.jpeg\" style=\"width: 48px; height: 48px; padding-right: 8px\"><\/span><\/td>\n<td><b style=\"background-color: rgba(255, 255, 255, 0)\">Wences Casares (<a href=\"https:\/\/twitter.com\/wences?s=11\">@wences<\/a>)<\/b><\/td>\n<\/tr>\n<tr>\n<td colspan=\"2\">\n<div><a href=\"https:\/\/twitter.com\/wences\/status\/1169607846264074242?s=11\" style=\"caret-color: rgb(0, 0, 0); background-color: rgba(255, 255, 255, 0)\"><font color=\"#000000\">9\/5\/19, 7:46 AM<\/font><\/a><\/div>\n<div><font color=\"#000000\"><span style=\"caret-color: rgb(0, 0, 0); background-color: rgba(255, 255, 255, 0)\"><a href=\"https:\/\/twitter.com\/\u202a@reidhoffman\u202c\u2069\"><\/a><a href=\"mailto:\u2066\u202a@reidhoffman\u202c\u2069\">\u2066\u202a@reidhoffman\u202c\u2069<\/a>&nbsp;<a href=\"https:\/\/twitter.com\/\u202a@Lin_Manuel\u202c\u2069\"><\/a><a href=\"mailto:\u2066\u202a@Lin_Manuel\u202c\u2069\">\u2066\u202a@Lin_Manuel\u202c\u2069<\/a>&nbsp;Battle rap between a currency of a government vs a currency of the people&nbsp;<a href=\"https:\/\/t.co\/hAF44musUG\">pic.twitter.com\/hAF44musUG<\/a><\/span><\/font><\/div>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p><span style=\"background-color: rgba(255, 255, 255, 0)\"><\/span><\/p>\n<\/div>\n<div dir=\"ltr\"><span style=\"background-color: rgba(255, 255, 255, 0)\">Blogged from my personal iPhone number, 650-283-8008,&nbsp;that Steve Jobs texted me on<\/span><\/div>\n<div id=\"AppleMailSignature\" dir=\"ltr\"><span style=\"background-color: rgba(255, 255, 255, 0)\"><a href=\"https:\/\/www.youtube.com\/watch?v=d0nERTFo-Sk\">https:\/\/www.youtube.com\/watch?v=d0nERTFo-Sk<\/a><\/span><\/div>\n<\/div>\n<div dir=\"ltr\"><\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Reid Hoffman (@reidhoffman) 9\/5\/19, 7:12 AM Inspired by \u2066\u202a@Lin_Manuel\u202c\u2069, I produced a battle rap music video about centralized and decentralized currencies, pitting Alexander Hamilton against Satoshi Nakamoto. Watch the full video: &#x1f449; youtu.be\/JaMJi1_1tkA Trailer below. pic.twitter.com\/O0U0853e0b Palo Alto, CALIF By Larry Chiang Reid Hoffman produced a battle rap video where Alexander Hamilton goes against Satoshi [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[80,78],"tags":[],"class_list":["post-12518","post","type-post","status-publish","format-standard","hentry","category-deep-undergrad-crypto-knowledge-9","category-deep-underground-cryptocurrency-knowledge-9"],"post_mailing_queue_ids":[],"_links":{"self":[{"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/posts\/12518","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/comments?post=12518"}],"version-history":[{"count":0,"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/posts\/12518\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/media?parent=12518"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/categories?post=12518"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/tags?post=12518"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}