My fellow retards,
Speakers-not of the dialect have reached up to phon/ongod and beseeched a softer translation, one which would serve to enlighten those whose hulls are too soft to stand the storm of rude words related through digital text.
In the spirit of jolity and fellowship of mankind (non-english speakers need not apply), presented here without further ado:
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Evolution of PHONON in a (rather large) nutshell.
Blockchain starts with a private key. It’s a chunk of code that hopefully only you know. How you generate it is up to you. How you secure it is up to you. Don’t fuck up.
From above, a blockchain looks like a grid. From under the grid those private keys unlock a grid square and let you move whatever BTC sits on it. Anyone can look at any square at any point in history and see what’s there and where it’s been. That’s a central value proposition to public blockchains.
From below, the same private key can correspond with many different grid squares, known as public addresses.
Living in full view on the grid are smart contracts. Private keys authorize sending tokens and instructions to a smart contract which will interact with it predictably and provably. This makes use of the same central value proposition as before, that people are able to know exactly what will happen when they approve a transaction.
The first smart contract was a simple multi-sig. The contract would send transactions that had been authorized by m of n private keys. Complexity quickly arose.
On-chain, on that grid always being watched from above, entire trees of value have grown in these smart contracts. Liquidity pools and exchanges live entirely in the open, predictable and provable for all to use and see. NFTs exist in a specific tree, referenced to a public address on a private key.
PHONON operates beneath the grid, between secure devices. Instead of using a private key to authorize the movement of assets above the grid, PHONON creates a contract on some blockchain or another, then passes the corresponding private key between any number of devices quickly and privately.
Instead of having to wait in line to move across the grid, PHONON users can pass value through secure tunnels that only ever exist as a blink between two devices. No public record of who has what to mark targets for scammers. No ledger for AI to run transaction analysis on and root out political dissidents. Digital value moved securely, P2P like cash, only ever visible when returned to the surface of its blockchain of origin.
PHONON can grow to enable rapid P2P transactions and secure inter-chain exchanges without being subject to the fees, centralization or network congestion of existing blockchains.
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Degen or not, anyone with the wits and comprehension to understand what’s written above can see the prodigious value at hand. Compare with cuck-centric vr gaming platforms that have no MVP and TOS that exclude porn. Compare with another way to layer more centralization in exchange for throughput. While they build another expensive highway above that expensive, public grid, PHONON connects all of them with the world below, on real cards and real devices, as a part of people’s physical lives. Freedom at the root level.
The only way this isn’t completely and utterly groundbreaking value is if the ground literally breaks.
My targets for the marketcap of PHONON DAO remain unchanged though I’m moving the timing up a bit- $1b in three months and $12b in 12 months. This is equal to $26 and $320 per GRID. I would add on the high end I can see $300b marketcap in 3 years (or $8000/GRID).
New prediction: Jack Dorsey’s Square will try to buy GridPlus due to the innovation of the Lattice1. More than $1b will be offered.
[Not financial advice – for entertainment purposes only]
phon/ongod out.