#Bitcoin analyst & writer Nostr: #npub1tlnmatnpznq4djxysleje5247kumu9hw7k3frqs6qh7e0yaf3kksvltsg5
Down the rabbit hole
Joined November 2019
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This 🧵 contains references to my #Bitcoin related content, which I will keep extending over time - so it is basically my own Proof-of-Work time chain ⛓️
Click on "show this thread" & have fun! 👇
Lazer ray till $100k took a few years longer than originally anticipated, but great to have gotten there
Congrats to everyone who has held onto #bitcoin throughout the whole period!
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1) The popular, Twitter version of the Bitcoin Power Law is mathematically wrong, an unfortunate misapplication of the Power Law, as I will demonstrate in this thread.
Bitcoin market cap has NOT grown in “a linear corridor of growth” since 2010.
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Freedom technologies aren't invincible, but they make authorities kind of go mask-off.
It's one thing for Brazil to ban Twitter/X, but it's another layer deep to then also go after everyday people for using VPNs to access it. The optics get harder with that.
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The #Bitcoin Monthly for July is live.
A thread:
1/ In July, bitcoin’s price increased 3.1% to $64,612. By August 5, however, bitcoin's price had corrected 23.3% to a new local low at $49,577. During the last two weeks of July, bitcoin regained and then lost its 200-day moving average at $61,107 and its short-term-holder cost basis at $65,704.
Today, bitcoin trades slightly below its 200-day MA.
During this bounce back off the lows, investors keep shorting bitcoin - and so far keep getting liquidated 🪦
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Trump:
> “Bitcoin probably overtakes gold”
> “I will fire Gary Gensler”
> “Never sell your bitcoin”
> “Bitcoiners saw inflation before anyone else”
> “Danger to the dollar comes from Washington not Bitcoin”
> “U.S. to create a strategic BTC stockpile”
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Super cool short film about @realbedford
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The veto is in. I guess the 180 degree turn in dem circles was more like a 90 degree turn
BREAKING: 🇺🇸 President Biden vetoes bill that would allow highly regulated financial firms to custody #Bitcoin and crypto.
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✨ Exactly 9 years ago today, #Bitcoin pioneer ROSS ULBRICHT was sentenced to LIFE IN PRISON
This week, PRESIDENT TRUMP pledged to pardon him
The SHOCKING STORY of his UNFAIR TRAIL and why he deserves a chance at FREEDOM. A thread 🌟
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JUST IN: 🇺🇸 Donald Trump vows to commute the sentence of Ross Ulbricht to time served if elected President.
"He's already served 11 years. We're going to get him home."
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A somewhat more detailed and speculative interpretation of the Redistribution Revenue Ratio includes a time component. #bitcoin
Accordingly, it is possible that we might be in the pre-mania phase. There appears to be hope, and optimism seems to be spreading.
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I produced a half-hour animated overview of the Broken Money subject matter.
It covers the history of money, the development of banking, and how new technology changes the way we interact with money over time.
Enjoy:
youtu.be/jk_HWmmwiAs?si=hoWE…
Regardless of what you think of the #bitcoin power law model; this animation is amazing 👏
