For
#Bitcoin
newbies:
💸Energy consumption by the network does NOT depend on the NUMBER of transactions!
📈Energy consumption is a COST for miners: they will always try to REDUCE it increasing efficiency!
🪙 Keynesian monetary policies cause POLLUTION: hard money FIXES that!
1) Bitcoin inadvertently creates the Ripple shitcoin
2) Ripple commissions Greenpeace an anti-Bitcoin campaign
3) Greenpeace commissions Ben an anti-Bitcoin sculpture
4) Ben inadvertently createst the most beautiful and badass Bitcoin symbol ever, enthusiastically adopted
POETIC
BREAKING: experts confirm the two Peruvian alien mummies died of a conjoint effect of Long Covid and Climate Change. Also, their body showed room-temperature super-conductivity. They will be brought to life next week using General Artificial Intelligence and Etherem DeFi.
RIP
@officialmcafee
, kidnapped and kept prisoner for months for refusing to pay protection money to a powerful criminal organization. Assuming the worst possible rumors about him are all true, he would still have been a more decent human being than the best of IRS employees.
Bitcoin is not MySpace or any other internet app, it's the Internet protocol. Bitcoin is not Model T car or any other road vehicle, it's the Road system. Bitcoin is not the Krugerrand or any other gold coinage typr, Bitcoin is the Gold element.
Satoshi Nakamoto did not incorporate a legal entity for his Bitcoin project. Neither should you. Create nyms. Receive sats directly. Let fiat business models die with fiat money.
It's fashinating: w/ negligible exceptions, almost every single line that you can read on newspapers about Bitcoin & related topics are ABSOLUTELY wrong/false. Not just slightly incorrect or oversimplified: the complete, exact OPPOSITE of reality!
My favourites:
Russia is reportedly easing its copyright laws to offset sanctions imposed by Western nations in response to its invasion of Ukraine – in doing so it's effectively legalizing the piracy of games, movies, TV shows, and more.
Aggregating bitcoin & shitcoin-scams into the same "Crypto industry" makes just as much sense as aggregating astrophysics & astrology-scams into the same "Astro industry".
Scaling is solved at least in principle: "blockchains" can't scale, thus we'll scale offchain.
Bitcoin L1 consensus may not have ossified yet, but it eventually will (descriptive before prescriptive).
Jeremy Rubin may be a spook (I'd find it unsurprising), but you should act as I…
I see many complains about Bitcoiners substantially *cheering* for global bank runs, wishing they happen.
Like the complainers, I find such a show shameful and irresponsible! Bitcoiners *should not* be wishing for bank runs.
They should be actively working to facilitate them.
This was not a bailout. During the GFC, the gov’t injected taxpayer money in the form of preferred stock into banks. Bondholders were protected and shareholders were diluted to varying degrees. Taxpayer money was put at great risk. Many people who screwed up suffered minimal to…
Microstrategy and El Salvador are not among the CAUSES of
#Bitcoin
success, but among the EFFECTS. If it was not them, it would be other public-companies or other nation-states. Bitcoin doesn't need people. People do need Bitcoin. Don't get causality upside down.
0/n
Politicians, normies and MSM-pundits call
#Bitcoin
"Virtual Money", but it is actually the VERY OPPOSITE of that!
Bitcoin is really a huge step in the process of (RE-)DE-VIRTUALIZATION of Money!
The process of money virtualization had already started very long ago.
👇🧵
Bitcoiners deserves all the fun, gratification and discount stacking they are getting, right now.
From top to bottom, its “community” is the best sample of weird, bright, generous and badass individuals I could imagine.
Love you all.
Most long-term Blbitcoiners are too tired to engage with this bullshit again, but for the one of you new around here: "PoS" is logically broken (specifically: circular), as explained to Wei Dai in 1998 and as definitely crystalized by Andrew Poelstra here:
If we are lucky, this new
#Bitcoin
bear phase will finally kill "crypto", the way the previous one finally killed "blockchain". Never too soon. Let's pray.
Difficulty-adjusted PoW is good for scarcity. UTxO model is good for privacy. Halving is good for censorship resistance. Blocksize limits are good for cheap validation. Even with a time machine, there aren't many cheap improvements we could make on Satoshi's design. Impressive.
If Satoshi used his real identity, the US Government would try to jail him for "sexual assault", & state-sponsored MSM liars would depict him as a disgusting monster. Bitcoin is probably more important than WikiLeaks, TOR & DistributedDefense, so we should all be glad he did not.
New to
#Bitcoin
?
1)💩Avoid altcoins.
2)🕴️Avoid KYC purchases.
3)🧼CoinJoin before/after identity leaks.
4)💰Just DCA & HODL.
5)🤓Learn GPG & Tor.
6)☑️Learn how to run a full node.
8)⚡Learn how to use LN.
9)🗝️Learn good cold-storage.
10)👛Learn good coin-selection.
Welcome!
Taxation is literally Mafia-style violent extortion. Being able to clearly state this sentence is litmus test for basic intellectual honesty of a person, in the face of state propaganda.
Sorry to ruin your day, Twitter commies, but:
1) Government is mafia
2) Taxation is extortion
3) God exists
4) Animals don't have rights, people do
5) Monero, Ether and Litecoin are shitcoins
6) DNMs mainly accept bitcoin
7) I'll keep stating 1-6 even it that hurts your feeling
This Stalin meme is perfect for 🤡🌎. It work great for rushed experimental drugs sold to (and coercively forced into) people as miraculous elixirs. But it would also work for inflation forecasts, global warming predictions, human biology textbooks. And the context is fitting.
@TheAliceSmith
Bitcoin is digital scarcity, "cryptocurrencies" are by definition infinitely producibile at zero marginal cost.
Bitcoin culture is security, adversarial thinking & skepticism, "crypto" culture is misleading marketing, fake-it-until-you-make it & gambling.
"Crypto" is peak fiat.
A nation state is *literally* deporting civilians by train to "reeducation" camps, WWII-style.
But sure: the actual emergency is people using plastic straws to drink, wearing blackfaces on Halloween parties, using wrong pronouns, clapping, spreading legs when they sit down.
I'm adding [Jan/3🔑] to my name to support
@TraceMayer
's initiative to start a ritual bank-run on exchanges on the 10th bday of Bitcoin. On that day, withdraw all your bitcoins from custodial exchanges to YOUR OWN wallet. Declare your financial independence, set a good precedent!
There was a little man in China, who thought he was a god. His name was J. W. He wanted to beat down
#Bitcoin
, but
#Bitcoin
beat him down instead. Now there is a little man in Texas, who thinks he is a god. His name is E. M. Spoiler alert: it ends just the same.
@mikewallace_oz
@saifedean
@theonevortex
Bitcoin Maximalism (also known as moderate common sense: "Bitcoin could succeed, maybe") is in the middle of the spectrum, actually. The 2 extremes are nocoiner extremism ("Bitcoin cannot exist") & multicoiner extremism ("Bitcoin is infinitely replicable & my clone is tje best").
I bought in 2009, very early on. Now I'm selling.
After 13 years, I'm tired of hodling an asset that I'm always worried will crash, consumes lots of electricity (which they tell me is bad for the environment), and could get stolen.
FOR SALE: Tesla Roadster 2009
ASK: 2 BTC
"Nobody will ever use Bitcoin, but still so many that onchain fees will be so high that nobody'll be able to open LNchannels, but they'll be so low (because of LN) that hashrate will collapse & it'll be too low to keep Bitcoin secure, but it'll be high enough to boil the oceans!"
EU is the new China. Bitcoin is still the same Bitcoin. The very one that defied 10 years of "China bans Bitcoin" bullshit. Guess who will win this time. Hint: it's not the EU parasites. 😘
Holy mother of god. In their bankruptcy filing, Celsius included in clear text the names, dates, txs, & amounts of every single user on the platform. The 14,532 page .pdf archive is at:
THE GASLIGHTING NETWORK:
- "Don't believe your own memories of using LN non-custodially on a daily basis for countless times in the last few years, but believe fraudulent marketing claims by shitcoin scammers about you never actually doing what you actually did and do"
- "Don't…
IMPORTANT THREAD!!!!!!!1!!1!
I was made aware of a catastrophic vulnerability that will kill Bitcoin for sure in a few hours. I'm dumping all my BTC to buy XRP, BSV, ETH & DCN, the only coins immune to this vulnerability (expecially DCN, it's the most immune)! Bitcoin is dead. :(
If Julian Assange kept anonymity, he would be free. Online anonymity is a powerful defense weapon against the government. People fighting online anonymity are fighting on the side of the government. Against us.
After TerraLuna, Celsius, FBX and BlockFi, I'm skeptical that anything at all can collapse without Udi advising it as a great investment the week before.
I'm blocked, but I'm confident somebody will kindly provide screenshots of him shilling his Silicon Valley Bank referral!
Bitcoin actually has an inflation bug. It's called "crypto". It will be patched when most economic nodes will accept to run a version of the client that ignore the inflationary chains. The patch is tongue-in-cheek called "maximalism".
Europeans friends, the fiat nazis aren't sleeping anymore! You should wake up too! Learn to buy & sell
#bitcoin
p2p from other people. Learn to install wallets on PC or Fdroid, because centralized mobile appstores will be next. Avoid KYC traps: confiscation will come too.
1/Deal! After months of negotiations with the Council, we agreed the most ambitious travel rule for transfers of crypto-assets in the world. We are putting an end to the wild west of unregulated crypto, closing major loopholes in the European anti-money laundering rules. Thread👇
There are no vaccine mandates or passports in El Salvador, no mask mandates, no testing requirements to enter the country.
But there are vaccines available for everyone, even tourists, including boosters.
Everybody makes their own choice. So far, +70% have been vaccinated.
If Bitcoin becomes the dominant form of money, it will separate the State from money. Very good. If it doesn't, as long as it keep working at leas as well as it did for me in 2013 (let alone now in 2024, way better), it will separate the State from MY money. Still a huge win.
Everybody know I'm not a fan of Keonne and Will. Still, they should be free. The only just outcome would be their immediate release and proportional punishment for politicians, judges and cops who illegitimately kidnapped them. Software is speech, and Privacy is the very…
When the guy who just shilled to you Luna, Blockfi, Celsius and FTX, join forces with the guys that were shilling BSV, you know it must be good stuff.
The sad thing is that "ordinals"/"inscriptions"/"taprootwizards" suckers will damage our nodes while losing all their money.
All Bitcoin hot spots will be swarmed by shitcoin parasites. It's inevitable. Be vigilant, protect signal from noise. Educate people on the unmitigated disasters these parasites bring with them.
🚩"Crypto"
🚩 Biden
🚩 "Next Pandemic"
🚩"Climate Change"
🚩"Animal Rights"
🚩Veganism (partially derivable from the previous 2 🚩🚩)
This guy was literally only missing some "LGBTQIA+" bullshit to collect all the possible red flags known to mankind to date!😂 😂 😂 😂 😂
Fact:
#Bitcoin
has objectively been, so far, the greatest Store of Value of all times. The fact you may be too dumb to understand why this is obviously true doesn't change reality.
@K1_Nazifi
@MetaMask
We’re truly sorry to the artists & creators that are impacted, but OpenSea is subject to strict policies around sanctions law. We're a US-based company and comply with US sanctions law, meaning we're required to block people in places on the US sanctions lists from using OpenSea
Pro-putin "libertarians":
"Being pushed out of the USD, Putin will adopt physical gold and Bitcoin as settlement currency, like a true Austrian!!!"
Putin:
"Being pushed out of the USD, I will adopt the ultra-fiat-money of the Chinese Communist Party as settlement currency!"
What wallstreet scammers were fucking in the '80s
vs
what "crypto" scammers are fucking today.
Even in dishonesty and degeneracy there are different aesthetic shades. Don't tell me western society isn't in decline.
Very true. I use to hold the naive libertarian view that the top-down nation-state is a cancer growing inside a healthy social body. But the state is just a (huge, self-reinforcing) symptom, maybe the main symptom. The cancer is retarded collectivism. Very bottom up.
“The Pandemic showed me that most of my neighbors are nazis who are simply awaiting instructions from a Führer & that's a lesson I can never unsee.”
@americanhodl8
KYC is irresponsible and dangerous and getting people robbed (if not worse). KYC services are like shitcoin services: you may end up using them for convenience but they are clearly against Bitcoin ethos and a threat to personal security.
Our KYC details being leaked by a 3rd party played a role in us having our
#bitcoin
tracked and then targeted by our attacker
Something to think about guys....
KYC is more than just an inconvenience, it's a genuine threat.
He advised you to buy Luna tokens and UST just before the collapse. He advise you to ditch self-custody and keep your stuff on FTX and Celsius just before the collapse. Pristine track record. Now he's advising you to buy retarded jpegs. Seems a solid advice. What could go wrong.
Udi is going to sell 3000 Cat JPEGs for 0.1 BTC each to people who are not focused on JPEGs, but who are on a mission.
Not sure what that means, but hey, I'm not a JPEG salesman like him, so he probably knows best how to sell them.
"I still can't believe that this is the protest that would prove every Bitcoin crank a prophet. And for me to have to slice a piece of humble pie, and admit that I was wrong on crypto's fundamental necessity in Western democracies."
I'm sad to confirm that what
@BitcoinPierre
says here is 100% correct: while Bitcoin has many beautiful features, unfortunately emitting plant food is not one of them.
Bitcoin mining indeed emits ZERO plant food.
:(
But Bitcoin will still help the environment in other ways!
Ahead of the Ugandan election, we're hearing reports that Internet service providers are being ordered to block social media and messaging apps.
We strongly condemn internet shutdowns – they are hugely harmful, violate basic human rights and the principles of the
#OpenInternet
.
‘I love private property, and let me tell you something, if you care about your fucking country, read Ludwig Von Mises and the 6 lessons of the Austrian Economic School, motherfuckers!’ -
@moicanoufc
🔥
Best post-fight interview of all time??
Safe to say the Overton window has…
I will *NEVER* run a "Bitcoin" implementation diluting my % of sats. Neither will 99% of other Bitcoin users. *IF* that will force onchain transactors to wait for more blocks, to get the same anti-double-spending guarantee they now get in fewer blocks, so be it. Useless "debate".
After you fuck up badly by printing money, you just print more money to try to appease the angry crowd. Where did I heard this before?
"Crypto" is peak fiat.
7/ New $LUNA will be airdropped to $LUNC stakers, holders, residual UST holders, and essential app developers.
Also, TFL’s wallet will be removed from the airdrop, making Terra a fully community-owned chain.
Social cancers we should really really get rid of ASAP:
- central banks
- nation-state borders
- KYC/AML regulations
- any kind of speech regulation
- any kind of gun regulation
- compulsory schooling
The funny thing about this "is ETH a security?" drama, is that it represents the very FIRST occasion in which the words "Ethereum" and "Security" can be properly used together. 😛
🇸🇻BREAKING: personal data of over 5 million Salvadorans stolen and leaked.
The leaked information matches perfectly the data required for registration on the
@chivowallet
.
The most important speech at
#Bitcoin2021
. A man has been literally TORTURED for 8 yrs for trying to advance our freedom. He will be for the rest of his life if nobody acts (but I'm confident somebody will: sometimes Bitcoin is just slow at fixing things).
For everything bad I may have ever said about contemporary & modern "art", I must recognize that it often serves one of the highest ethical goals: tax avoidance.
While I'm generally opposed to lockdowns, in these extraordinary times the idea of closing down all non-essential activities & services is growing on me.
Let's start w/ Fed, IRS, SEC, NSA, CIA, FBI, FDA, TSA, DEA, EPA, DHS, ATF, SSA, DOE, DOD, & all international equivalents.
People spend effort, time & money to organize educational events about Bitcoin, while having a good laugh at shitcoin scams. Then somebody takes advantage of all that effort to distribute promotion codes for his own pump&dump scam. Don't trust "OGs". Stack sats & CoinJoin.
Bad. Beside the fact that "crypto" is just a useless scam, exposing your public keys to the government is just one step removed from them effectively extracting your private keys from you. Boating accidents are the way.
NEW: 🇦🇷 Javier Milei submits draft bill that offers tax incentivizes to citizens who declare their crypto assets. Argentines who declare their assets prior to March 31, 2024 will benefit from a 5% tax rate, whereas those who declare by November 30, 2024 will be subject to 15%.
Hey
@BorisJohnson
, now that you are victorious, powerful, popular, bold & happy, you can allow yourself to stop for a few days giving any fuck about US pressures, and just do the right thing: free the journalist Julian Assange, incarcerated for revealing war crimes.
1/5
Hard Times create Strong Tools.
The invention of TCP/IP, with its fundamentally decentralized and censorship-resistant design, was at least partially driven by the adversarial mood of the Cold War and the nuclear scare.
So,
@jack
, I don't ask you to deactivate this comical feature, since it's clear you can't or won't. But can you at least tell us who requested it? It's clearly not something users (of any political belief) would take seriously. Was it a direct request from regulators or what?
I'm going to take a break from Bitcoin Twitter.
I procrastinated and postponed this decision for too long, but now I have to finally get it done.
I don't know how long the break from Bitcoin Twitter will be...surely months, possibly years.
See you from tomorrow on Bitcoin X!!!