Eternal student of #Bitcoin and macro economics. Keep your mind open to all sides of the equation. Force yourself to try different perspectives.
Houston, TX
Joined January 2018
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Saylor was right about the cyber hornets. They protect the network at all cost. And now they’re coming for him.
silvercatman retweeted
Having a feature that looks like it's intended for non-financial content may be a much larger legal risk than having a feature intended for financial transactions that is subverted to post non-financial content. It's not "all just bits" in the eyes of the law. Caveat IANAL. A feature that looks like it's intended for non-financial content also sends a strong social signal that non-financial content is welcome on Bitcoin.
Translation: we are very scared, please believe our narrative.
Bitcoin has failed to become a global decentralised digital currency, instead falling victim to fraud and manipulation.
The recent approval of an ETF doesn’t change the fact that Bitcoin is costly, slow and inconvenient, argues #TheECBBlog
ecb.europa.eu/press/blog/dat…
Readers added context they thought people might want to know
Chainalysis found that only 0.34% of the transaction volume with cryptocurrencies in 2023 was attributable to criminal activity. Bitcoin's share of this is significantly lower with 25%. Illicit transactions with Euros accounted for 1% of the EU's GDP or €110 billion in 2010.
chainalysis.com/blog/2024-cryp…
transparency.eu/priority/finan…
By now you know what it is, yet, at the same time, you don't know what it is at all, but it's there, all the time, like a splinter in your mind, driving you mad. #Bitcoin
Bitcoin is like the pound or the foot. A new measurement tool. Not for weight or length, but for value. #Bitcoin
silvercatman retweeted
Satoshi engineered Bitcoin's distributed Proof of Work mechanism to ensure the money has "unforgeable costliness"
Without "unforgeable costliness" the money becomes politically captured.
Proof of Stake is "costless" to produce which leads to politically captured money aka fiat.
