1/ NEW WHITEPAPER: BitSNARK & Grail—Bitcoin Rails for Unlimited Smart Contracts and Scalability. This is a solution to Bitcoin's trilemma of scale, computational expressivity, and decentralization.
Introducing "BitSNARK & Grail" – a game-changing framework for scaling Bitcoin and enabling unlimited smart contract functionality on the world's leading Blockchain.
Link to the whitepaper below.
Next month, El Salvador plans to launch its $1B
#BTC
bond.
It’s expected to be oversubscribed.
If successful, it will be a geopolitical earthquake.
FOMO on a Nation State level.
Israel suffered the worst military outcome in its history yesterday.
How did this happen? How did the vaunted IDF fail so dramatically?
Eight factors are starting to emerge that explain what happened…👇
Of all the things That happened this cycle, Solana’s vote to confiscate a users funds is BY FAR the most egregious.
It’s worse even then the ETH DAO confiscation.
It’s the clearest demonstration yet that PoS is not a consensus mechanism.
The most powerful organization you've never heard of has declared war on your
#Bitcoin
FATF is the boss-level enemy.
Who are they and why are they Bitcoin's biggest enemy?
Which system will win DeFi?
Ethereum?
Solana?
Polkadot?
Third gen chain?
It will be the one that is most reliable and predictable for the long run. The one with the most solid foundation.
It’s called
#Bitcoin
So what is going on here? It's possible to interpret these data as showing:
1. We may be massively under-measuring global exposure and infection rates
2. Most are asymptomatic
3. Herd immunity is already greater than we imagine
In just 3 days, over 5000 ETH streamed over the bridge to
@SovrynBTC
and into the
#Bitcoin
ecosytem.
This is something that has never happened before. Until now the flow of funds was always in the opposite direction.
Something big is happening.
If this is true, then it implies 2 things:
1. The exponential curves begin to saturate quite soon
2. The massive interventions of China and other countries deserve less credit than they are getting.
#Bitcoin
will provide move than just sound money to El Salvador (and the world).
With protocol extensions like
@SovrynBTC
, it will also prove a sound financial and economic system.
@SovrynBTC
continues to rise through the ranks of DeFi projects.
Currently ranked 14'th by TVL on
@DefiLlama
with $1.9B.
Just above Uniswap V3.
#Bitcoin
DeFi isn't coming. It's here.
Friend: Should I buy Ripple?
Me: Why do you want to buy Ripple?
Friend: I hear it is going to be Bitcoin
Me: If you want Bitcoin, buy Bitcoin, not Ripple.
Every time the MARKET crashes, just remember this:
Only the MARKET crashed.
If you hold things of true fundamental value, nothing has changed for you, except a new buying opportunity.
This is how true wealth is built. Patiently.
#Bitcoin
Second, the best control group we had - the Diamond Princess topped out with 712 out of the 3,711 crew and passengers infected (20%) and a fatality rate of 0.002% (7 in total).
The XRP ruling killed
#Bitcoin
only.
The Gensler cavalry are not coming to save us.
This is a call to action.
#BTC
must out-compete on it’s on merits.
We need to grow a Bitcoin-native economy faster than the competition.
Sovryn was built for a multi-chain future.
The Sovryn devs have built out infrastructure at an amazing pace, including x-chain bridges. ETH and stablecoin have already migrated to the Bitcoin ecosystem.
Today $SOV will migrate to the Ethereum ecosystem and list on Uniswap.
Does Bitcoin seem frozen in time? Other chains have smart contracts, scaling layers, rollups - and Bitcoin?
Introducing BitcoinOS: a superlayer of interoperable rollups turning Bitcoin into a global operating system.
Innovation is coming to Bitcoin!
#BitcoinOS
Link⬇️
Bitcoiners calling alts scams, and white-knighting as the protectors of gamblers from themselves, was a strategic mistake.
Bitcoin is not to prevent casinos. It is to prevent monetary corruption.
The problem with alts is not that they are scams. It’s that they are corruptible.
And in another unusual "experiment", NBA testing hints that the number of Americans who have been infected might be huge - but very few will show symptoms.
Even if they don't know it, every single person in crypto is a Bitcoiner.
Every shitcoiner, every altcoiner, every farmer.
If Bitcoin fails, the whole enterprise fails.
Why
@SovrynBTC
?
I started acquiring BTC in 2011. I have never sold any of it.
Now with
#Bitcoin
-backed stablecoins, and decentralized
#Bitcoin
-backed loans I can keep HODLing forever Laura.
Bitcoin maximalism is actively retarding Bitcoins potential.
It’s potential growth.
It’s intellectual vigour.
It’s moral compass.
If you care about
#Bitcoin
, you should take note that so many are warning of exactly this.
I used to think that an early killer app for Bitcoin and cryptocurrency would be online gambling.
What I didn't envision was that the gambling games would take the form of pump and dump ICO's.
This perspective makes me much more at ease with what is going on.
Every single shitcoin has relied on one simple argument to attract funding:
“Bitcoin can’t do feature X. Altcoin Y can.”
The dead-simple, killer response is: “Bitcoin can do anything. NGMI”
#Bitcoin
sidechains are the killer answer.
For me,
#Bitcoin
is our weapon in the battle between Sovryn Individuals and the Fiat Lords.
My problem with PoS chains is that they simply create a new class of Fiat Lords:
A new currency is fiated into existence and used to extract rent from those who use the chain.
How do SOV stakers earn fees? Thread...👇
SOV is a new type of asset. You stake SOV - the goal is that you can stake SOV to earn Bitcoin.
SOV is not a currency. It is the next evolution of equity.
Stateless, permissionless and designed for a Bitcoin-based economy.
We add covenants and a ZK-proof op code.
It’s the last change
#Bitcoin
will ever need. After that Bitcoin functionality is unlimited, the system will be code complete and become true permaware.
Centralized Exchanges: 🤬
- Crashing
@SovrynBTC
: 🔥
- Stayed 100% up
- Fast BTC deposits so you can buy the dip
- Liquidated all positions smoothly
Sovryn is the best place to go long and buy the fucking dip!
In this moment I am Euphoric.
All time high… and we have only just begun to build an economy around
#Bitcoin
.
We are still very early.
Next: a borderless economy as permissionless and free of middle men as Bitcoin itself.
#StaySovryn
with
#BTC
@MarioNawfal
Mario, what are you doing? The evidence that Israel did not bomb a hospital is overwhelming at this point.
While Hamas have failed to produce any evidence at all for their claim.
$437 Million Blacklisted and Blocked.
Tornado Cash added to Feds Blacklist.
Centralized tokens (WBTC, USDC, USDT) affected.
This is why
@Sovryn
is building decentralized BTC DeFi and Bitcoin-backed stablecoins.
#Bitcoin
defense-in-depth.
#StaySovryn
Yesterday
@SovrynBTC
managed a major system upgrade impressively securely and smoothly.
The Sovryn mages just keep delivering, and the system keeps improving at a rapid rate.
Factor 8: It appears that Hamas used civilian protesters as cover to plant explosives by the border fence. These were then used to breach the fence during the assault.
Following statements are all true:
1. BTC fees are too high. We don't need fees this high YET.
2. If you are not using segwit, you are part of the problem.
3. On-chain scaling is not a viable long-term strategy.
4. Long term matters, but we don't get there without short term.
@cz_binance
The "extra" minted LUNA is owned by people - what do you mean burn it?
UST has lost its peg for a reason - how do you expect them to just magically restore it?
This is magical thinking.
Dear Dairy,
Today I triggered a bunch of toxic ETH maxis. I was going to be sad, but then I remembered I don't care.
Maxis of all stripes can go jump in a fire. 🔥
Thanks
@scottmelker
for having me.
People simply do not fathom how much bigger the
#Bitcoin
story is going to get this year.
Much more than digital gold.
Here it is - the most bullish case for Bitcoin.
@EdanYago
lays it all out. Send it to your friends. Your coworkers. Your mom.
Everyone needs to listen.
The biggest news in
#Bitcoin
today - El Salvador is using Bitcoin not just as sound money but as decentralized finance as well.
This is hyperbitcoinization.
Factor 5: Hamas blinded Israel in two ways. Large numbers of drones and explosives were used to destroy the extensive array of electronic detection systems that were supposed to offer early warning.
Then they breached the barriers and moved on eight forward bases…
Why should anyone build a Bitcoin L2? I'm doing it for myself and for the people I love.
L2's will enable Bitcoin to be a cornerstone in civilization, with many aspects of our lives tied to it, and Bitcoin value will drive to new heights.
Forget the dunks for a second. Let's remember why blockchain was invented in the first place: Censorship Resistance
When a blockchain goes down, it is censoring all transactions. That is a failed blockchain.
Solana has been censoring for 4 years.
It's not a blockchain.
Bear markets have a lot going for them.
With the tourists gone, everything is cheaper and less crowded.
I live here, so Its going to be nice to work in peace and quiet for a while again.
#StaySovryn
#Bitcoin
Factor 1: Israel has built a formidable set of fortifications on the border with Gaza.
However, fortifications are useless without people to man them.
A political decision was taken to deploy almost the entire combat force to the West Bank.
In particular…
KYC is an affront to basic dignity.
The idea that adults must be supervised with their funds, require permission to transact and must submit to judgment on how they make or use their money...
...a violation of the very idea of PRIVATE property.
Bitcoin in the last few weeks:
1. Added to corporate treasuries
2. Instant international transactions with
@ln_strike
3. Full stack decentralized finance with
@SovrynBTC
4. Bitcoin-backed stablecoins with
@moneyonchainok
5. Nation state adoption
Price dropping (LOL).
@RichardHanania
One one day, Oct 7th, Palestinian militants raped more women than Israeli soldiers have raped Palestinians in 80 years of conflict.
IDF famously, infuriatingly has zero rapes to its name.
@SovrynBTC
TVL growth is accelerating - now solidly above $115m.
The second derivative, the rate of growth, is growing too.
Steady, organic growth - hitting an inflection point?
You, a super shadowy Blockchain/Solidity coder who wants to build on
#Bitcoin
?
Want to work from anywhere (incl. a secret island paradise) with a talented and dedicated team?
You believe the future is
#Sovryn
?
Cypherpunks write code. Come cypherpunk with us.
DM me :)
@JosephJakeKlein
@suss_puppy
@hahussain
The PLO was complicit and sometimes the main actors in the wave of terror that hit Israel during the Oslo negotiations. Despite the wave of Terri, Israel continued to attempt to achieve a peace agreement. In the end, the PLO chose not to engage with a peace deal.