Adam Back @adam3us Twitter profile

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@OssiMenache

@Kirstals_

@speedk1lls

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@Crypt0Creator

@BWCACatholic

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@SHOWROOM_jp

@follow_cobras

@CirnoFumofumo

@sithhichyx37668

@Khanmarwa3

@CampbellChancy

Adam Back

@adam3us

3 years

#Bitcoin was NOT hacked No bitcoin wallet was hacked, nor is even known to be possible. Ransom hackers used a rented cloud server. FBI got a subpoena and took control of it and recovered coins. That's it.

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Adam Back

@adam3us

2 years

#bitcoin is the great reset.

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Adam Back

@adam3us

5 months

you can't stop JPEGs on bitcoin. complaining will only make them do it more. trying to stop them and they'll do it in worse ways. the high fees drive adoption of layer2 and force innovation. so relax and build things.

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Adam Back

@adam3us

1 month

@vydamo_ Your can still use the ape, gratis. Right click, save👍

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Adam Back

@adam3us

3 years

#bitcoin is scarce, stupidity apparently is not. 🤣

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Adam Back

@adam3us

22 days

godzilla #bitcoin 🟩 candle time?

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Adam Back

@adam3us

3 years

There was no #bitcoin double spend. Stop misreporting stuff, seriously.

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Adam Back

@adam3us

3 years

all your fiat is going to zero.

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Adam Back

@adam3us

2 months

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Adam Back

@adam3us

10 months

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Adam Back

@adam3us

3 years

@elonmusk @itsALLrisky that's not how any of this works, @elonmusk would be like someone wading into spaceX with ideas for a cuboid rocket fueled by water.

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Adam Back

@adam3us

2 years

@stablekwon Apparently I was right...

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Adam Back

@adam3us

2 months

$100k by halving day. people starting to believe. bears, leveraged shorts rekt, scared-off, profit take limit orders moved upwards or just deleted to wait-and-see; OTC desks out of coins, daily $500m / 10k BTC ETF buy walls. this can gap upwards fast. 51 days to go.

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Adam Back

@adam3us

11 days

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Adam Back

@adam3us

2 years

@antoguerrera Germany should not have turned off their nuclear power stations.

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Adam Back

@adam3us

3 years

are we having fun yet #bitcoin 'ers? it's our decade to rock. LFG

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Adam Back

@adam3us

2 years

hard money inherently requires an unavoidable production cost; proof of work is fundamental. people value gold as hard money, because it is scarce. and the scarcity inherently means there must be a production cost for more units. so it is with #bitcoin , digital gold requires PoW.

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Adam Back

@adam3us

2 years

mass formation psychosis

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Adam Back

@adam3us

2 months

and so it begins! @BlackRock to buy #Bitcoin ETFs through its $36b Strategic Income Opportunities Fund.

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Adam Back

@adam3us

2 months

Bitcoin tapped $73k tuesday. No one said anything. Spent much of wednesday above $73k. I think the reason things are muted is that $100k seems way overdue, for a few years now, so there's not much bull market euphoria as the $1-5k green candles scroll by. Just tick tock $100k.

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Adam Back

@adam3us

2 years

@yegg just so you understand, this is not a good look for @DuckDuckGo which was marketed as pro-privacy and no political tweaking. you can be anti Ukraine invasion without attempting to censoring/filter out information. the answer to bad info is more info. be better.

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Adam Back

@adam3us

2 years

happy new year #bitcoin 'ers!

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Adam Back

@adam3us

1 year

early this year i was curious of the claim "bitcoin 2x's per year on average". it checks: the decade jan 2013 - dec 2022 #bitcoin went up 2.036x/year (1200x in a decade). if that continues we'll cross $10mil/BTC and $200 tril market cap by end of next 2 halvenings, about 9 years.

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Adam Back

@adam3us

2 years

#bitcoin this is fine! 1 BTC = 1 BTC

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Adam Back

@adam3us

1 year

"how do you know it's going to stop at 21million" math! Σ₀ 1/2^n=2 so 210,000 x 50 x Σ1/2^n = 21 million. QED

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Adam Back

@adam3us

3 months

and so it begins! @Fidelity putting respectively 1% (conservative), 2.5% (balanced) and 3.1% (aggressive) #bitcoin via their $FBTC ETF in general managed fund "all in one ETF"

Matt Hougan

@Matt_Hougan

3 months

Fidelity has a 1-3% bitcoin allocation in their "All-in-One" asset allocation funds in Canada, using spot bitcoin ETFs. The "Conservative" version is posted below. When and if this become the norm for portfolios in the US, wow... @scottmelker

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Adam Back

@adam3us

4 months

note how this works is $MSTR sold $610m new shares at the market (diluting existing shareholders % ownership), but it uses the proceeds to buy BTC and in fact again BTC/share ratio increased. the net effect is about 1.4% anti-dilutive in #bitcoin /share.

Michael Saylor⚡️

@saylor

4 months

MicroStrategy has acquired an additional 14,620 BTC for ~$615.7 million at an average price of $42,110 per #bitcoin . As of 12/26/23, @MicroStrategy now hodls 189,150 $BTC acquired for ~$5.9 billion at an average price of $31,168 per bitcoin. $MSTR

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Adam Back

@adam3us

1 year

#bitcoin FTX dip filled. onwards and upwards 📈 below 20k was nonsense.

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Adam Back

@adam3us

6 months

it's a start, but we need a +$10k candle 📗on the daily

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Adam Back

@adam3us

3 years

here's a thought: @100trillionUSD 's stock-to-flow model, is an Asimov psychohistory formula predicting broadly bitcoin adoption, by a large number of people adopting #bitcoin . and bitcoin itself is the mission driver for a shift to a new foundation, with the fiat empire crumbling

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Adam Back

@adam3us

6 months

@ThierryBreton @eu2023es @NadiaCalvino @JerkovicRomana @DigitalEU we don't want their china credit score clone "e-id". fuck that dystopian crap.

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Adam Back

@adam3us

2 months

@brian_armstrong do something about @coinbase "circuit breaker" problem. it's hurting #bitcoin the asset class credibility. tradfi probably thinks of that as a bitcoin problem vs a coinbase years recurring problem, this is getting old.

Kraken Exchange

@krakenfx

2 months

JUST IN: Not down

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Adam Back

@adam3us

2 years

@nytimestech delete your twitter account @nytimestech

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Adam Back

@adam3us

11 months

#bitcoin

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Adam Back

@adam3us

3 years

La hiperbitcoinización 🇸🇻 #bitcoin

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Adam Back

@adam3us

3 years

It's genuinely surprising, but by all evidence it appears very hard to significantly improve #bitcoin 's fundamental design. most tradeoffs improving aspects make other properties worse. by curious happenstance bitcoin exists in a narrow optima in the near infinite design space.

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Adam Back

@adam3us

1 month

The #bitcoin ETFs are still not priced in.

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Adam Back

@adam3us

2 months

the real flippening: #bitcoin flips gold.

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Adam Back

@adam3us

3 years

Buying the doge-tweeter dip. Thanks for all the sats.

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Adam Back

@adam3us

1 year

#bitcoin was not the problem with @FTX_Official . their lack of bitcoin was the problem.

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Adam Back

@adam3us

2 years

Humanity is at a tipping point. One path leads to dystopia, digital dark-ages, neo-feudalism of well-meaning, but economically and socially confused plutocrats. #bitcoin is the main ray of light, a way to opt out of this central pllanner, global surveillance state hell-scape.

Elon Musk

@elonmusk

2 years

The Barbarians are at the Gate

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Adam Back

@adam3us

2 years

no one is giving away free #bitcoin . no one. if someone says this, they are selling something else.

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Adam Back

@adam3us

3 years

Around this time 12 years ago, Satoshi was putting the finishing touches on the first #bitcoin release!

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Adam Back

@adam3us

5 months

@AltcoinDailyio @IOHK_Charles it's very simple: Bitcoin did not do an ICO, most people thought it had no value, it was mined from zero, it is decentralised, there is no CEO, ICO warchested "foundation", incorporation etc. so cardano, eth etc clearly pas howey, Bitcoin is a commodity and does not

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Adam Back

@adam3us

4 months

The ETFs are not priced in.

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Adam Back

@adam3us

3 months

#bitcoin retakes $1trillion market cap!

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Adam Back

@adam3us

4 years

When Rome is burning, history does not care which factions are more wrong. Zoom out, the solution does not lie within the Empire. Opt-out, exit, leave. Build and drive #Bitcoin adoption. Buy, hodl. That's the most effective thing you can do. And it's enough.

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Adam Back

@adam3us

3 years

Dips exist to transfer #bitcoin from weak hands to stronger hands.

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Adam Back

@adam3us

2 months

look at that #bitcoin fractal. 1 guess what comes next.

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Adam Back

@adam3us

1 year

#Bitcoin "there can be only one" -Connor MacLeod, "The Highlander"

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Adam Back

@adam3us

1 year

behold, the "inverse Sam" price formation. #bitcoin SBF dip filled.

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Adam Back

@adam3us

2 years

#bitcoin is like the matrix, the people who unplugged were the independent-thinkers, hackers, and people who had a reason to be suspicious of establishment.

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Adam Back

@adam3us

3 years

the most valuable bitcoin, are those no one knows you have.

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Adam Back

@adam3us

10 months

who made this?

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Adam Back

@adam3us

4 months

#bitcoin ETFs still not priced in with 8hrs to go. amazing.

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Adam Back

@adam3us

3 years

@elonmusk Doge is years unmaintained, a literal joke copy of outdated version of bitcoin with long known vulnerabilities. Factually #Bitcoin doesn't consume incremental power per transaction. And has layer2s like lightning and @Liquid_BTC which amplify capabilities.

Liquid Network 🌊

@Liquid_BTC

3 years

How is Bitcoin scaling? Our new article compares two different, but complementary, layer-2 solutions for Bitcoin: the Lightning Network and the Liquid Network. Here's a brief summary of their differences👇🧵

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Adam Back

@adam3us

2 months

maybe #bitcoin can slowly take the ATH today, tapped $70k a few times this morning; @coinbase "circuit-breaker" won't crash on a sunday as base volume is lower. "the slow blade penetrates the shield" -Gurney Halleck, Dune.

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Adam Back

@adam3us

4 months

So tradfi let the #bitcoin apex predator into their china shop, doors open in hours. Supply squeeze, volatility, 24x7, high leverage - will the ETF market makers and APs have enough liquidity or will things get crazy. Everything hits spot in a supply squeeze. And spot is thin.

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Adam Back

@adam3us

2 years

word.

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Adam Back

@adam3us

2 years

2014 @blockstream adds bitcoin treasury 2019 @MicroStrategy adds BTC public market treasury 2021 El Salvador 🇸🇻 adds #bitcoin sovereign treasury.

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Adam Back

@adam3us

2 months

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Adam Back

@adam3us

5 months

digital gold #bitcoin will surely flip physical gold sooner or later; and probably this halving cycle. so within a year or two. currently it'd take $700k/BTC but it maybe partially a substitute (some people start selling gold to buy #bitcoin crossing the market caps below that).

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Adam Back

@adam3us

9 months

the bet is on🚀: i bet #bitcoin reaches or exceeds $100k between now and halving (31st Mar 2024) with @vikingobitcoin9 1million sats to the winner.

Adam Back

@adam3us

9 months

@Vikingobitcoin9 @Bitcoinschurch @hodlorado @SatoshiDeniz so >= $100k by 31st mar 2024 midnight Zulu or you win right. how many sats?

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Adam Back

@adam3us

3 years

it's getting to the point where if people need to catch up, that's on them. #bitcoin doesn't need to explain, nor justify itself to laggards.

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Adam Back

@adam3us

5 years

Ha this Hayek quote is on video "don't believe we shall ever have a good money again before we take the thing out of the hands of government, we can't take it violently out of the hands of govt, all we can do is by some sly roundabout way introduce something that they can't stop"

Nunya Bizniz

@Pladizow

5 years

Frederick Hayek predicts Bitcoin in 1984

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Adam Back

@adam3us

3 years

RIP @officialmcafee a free spirit.

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Adam Back

@adam3us

13 days

zoom out, #bitcoin at prices seen 4 weeks ago and 6 weeks ago. plus half a dozen > -30% dips are typical for a bull run. we're at -19% from ATH a few days before halving, with a never before seen second ATH pre-halving and ETF tail wind gathering.

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Adam Back

@adam3us

3 years

asset price inflation is double digit, driven by M2 monetary expansion, with 40% of USD printed in the last 18months. now for US taxes, they want to tax the unrealized "gain" arising from asset price increases. ie taxing inflation, which is itself a disguised tax. inflation ^2.

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Adam Back

@adam3us

9 months

self-made whole-coiner. (future analog of self-made milionaire, ie stacked the sats to get up to 1 whole #bitcoin , didn't inherit them)

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Adam Back

@adam3us

2 months

@MerrynSW @SewerBadger2140 we can talk after $100k.

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Adam Back

@adam3us

1 year

We are all Satoshi...

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Adam Back

@adam3us

2 years

concretely proposing to activate anything on #bitcoin without technical and ecosystem consensus is defacto an attack on bitcoin's change process, that protects immutability and security. the anti-fragility is people who defend those principles.

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Adam Back

@adam3us

3 months

1st oct 2021 #bitcoin crossed $47k like yesterday, then on it's way to the $69k ATH. that run-up took 41 days. there are 70 days to the halving. just another data point for what it looks like, and how we may yet get a new ATH or even $100k before the halvening.

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Adam Back

@adam3us

1 year

PoW is a solution to sybil attack. PoS is a sybil attack.

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Adam Back

@adam3us

1 year

finally cracked 500k

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Adam Back

@adam3us

2 years

#bitcoin is apolitical money. proof of stake is political money.

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Adam Back

@adam3us

1 month

@vydamo_ @JanWues @dtrain22k i dunno i just saved fugly-ape.jpg seems to work. the rest appears to be a delusion in your head.

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Adam Back

@adam3us

3 years

"we're all gonna die" -Keynesian on bitcoin 21mil limit.

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Adam Back

@adam3us

1 month

@vydamo_ @JanWues @dtrain22k This is the internet, it's a JPEG. Internet physics for decades has said you can right click save, reuse, meme etc. this is the way it works.

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Adam Back

@adam3us

9 months

about 256 days to #bitcoin halvening. LFG

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Adam Back

@adam3us

3 years

just painted all time highest weekly close at $61.5k. #bitcoin onwards, upwards🚀📈 week 12th apr briefly peaked at ATH $64.9k but short-lived, week closed at $56.3k.

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Adam Back

@adam3us

3 years

You can't defeat #bitcoin because it is more than code. The anti-fragility is the tech teams, the engineers, the protocol experts who adapt to and fight off any and all attacks. but most fearsome of all, powering the reactive defense mechanisms, is the activist investors.

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Adam Back

@adam3us

3 years

@elonmusk @TheRealShifo you have a typo... #bitcoin not crypto. hard money vs casino market hypothesis. (not memecoins either)

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Adam Back

@adam3us

2 years

seems like this headline belongs in the #bitcoin blockchain for posterity, the next fiat crisis, 2008 genesis block quote re-run "The Times 03/Jan/2009 Chancellor on brink of second bailout for banks."

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Adam Back

@adam3us

3 years

in-short: @paypal already exists.

Michael Saylor⚡️

@saylor

3 years

@elonmusk @itsALLrisky The world needs a decentralized, secure, deflationary store of value like #Bitcoin much more than it needs the more centralized, less secure, inflationary medium of exchange that you describe above.

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Adam Back

@adam3us

3 years

It is a good day to hodl.

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Adam Back

@adam3us

4 years

Conservative. I'd say #bitcoin likely sees $1trillion market cap within 2years, probably sooner. $1trillion is about BTC $50k.

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Adam Back

@adam3us

1 year

Σ₀ 1/2ⁿ=2 210,000 x 50 x Σ₀ 1/2ⁿ = 21 million #bitcoin

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Adam Back

@adam3us

1 year

$25k is scraping the barrel along 200wma line, before H2 2022 #bitcoin never closed a month < 200wma. 2022 was due to a mountain of bullshit: 3ac, celsius, FTX, defi paper BTC now flushed, plus contagion over-leveraged miners and degens forced selling. would not short the 🌽 here

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Adam Back

@adam3us

1 year

everyone buys #bitcoin at the price they deserve, with the capital they have left after non-bitcoin misadventures. time to abandon alt speculation, buy and cold-store bitcoin.

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Adam Back

@adam3us

3 years

basically #bitcoin is going to need do build it's own media too. MSM is just inconceivably terrible. it seems particularly for #bitcoin , but that maybe Gell-Mann amnesia, and it's actually just pervasive wall-to-wall click-bait misreporting. #bitcoin the last hope for humanity.

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Adam Back

@adam3us

29 days

and so begins the day where no news or announcement posts can be trusted.

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Adam Back

@adam3us

1 month

maybe #bitcoin can make a new ATH this long-weekend: tradfi is offline so $GBTC can't be dumped by bankruptcies, @coinbase "circuit-breaker" won't crash as base volume is lower. just three $1k+ daily candles would do it. "the slow blade penetrates the shield" -Gurney Halleck,…

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Adam Back

@adam3us

7 months

gold is literally Neolithic stone age tech, which is impressive and shows simple robust technology can be the best store of value for millennia. #bitcoin is digital gold for the next millennia.

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Adam Back

@adam3us

2 months

an ETF allocation of 1% from 5 weeks ago is now a 1.5% allocation. #bitcoin allocation creeps up on you.

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Adam Back

@adam3us

2 months

@brian_armstrong stop @coinbase crashing 🙏 circuit breakers are unhelpful to price formation.

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Adam Back

@adam3us

2 months

who would have called +$10k 48hrs ago? because that's where we are right now... people lose perspective fast +$1000 every 5 hours, blew through "$58k gang", and people already anchored on $60k as the new floor.

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Adam Back

@adam3us

2 years

#bitcoin is lowering the barrier to entry for Swiss🇨🇭 private banking from $1mil minimums to permissionless via smartphone app. cf best #Bitcoin advertisement ever "Then everbody's walking around with a Swiss bank account in their pocket. Alright" -Obama.