I identify as a layer 2 @allenf32 Twitter profile

Pinned Tweet

I identify as a layer 2

@allenf32

3 months

🟧🟦🟪 DLCVM 🟪🟦🟧 Generalized, Unboundedly Scalable Computation on Bitcoin

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Last Seen Profiles

@TIG_Brands

@munimuniseisaku

@admiral_jp1914

@denielemein

@PurpleSagePR

@Just_1Dom

@presamiga

@jake_mmmm69688

@FuuKun11

@FelixAvariyie

@494x_x

@sonfrohd

@pttswift

@R__INDEX

@septic_berry

@libby_merritt

@btc_dada

@LoveCelticWoman

@neno3cos

@ChrisHanebury

@marcosmdeiros_

@payneiwnl

@hijabjilbab1

@luna7fps

@samdcastle

@drgarethroberts

@whoreforbebe

@Jules_LeNantais

@VikingsDynasty

@LockhartISD

@marcole___

@Wh0rly

@bhavesh_minalta

@jesksimao

@kungxngrn119429

@LockhartISD

I identify as a layer 2

@allenf32

2 years

Germany discovering in real-time that you can print Euros but you can't print Watts.

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@allenf32

3 years

please sign my petition to move the ship

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@allenf32

10 months

@jack coz this is better

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@allenf32

3 months

“you ask, what is Bitcoin, Tucker, but really we have to go back to Stornetta and Haber, to Diffie and Hillman, to Hayek. you are familiar with the coverup of the failure of the Bank of England’s war loan in 1914, I assume?”

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@allenf32

5 months

Dennis Porter

@Dennis_Porter_

5 months

BREAKING: Co-sponsor of Elizabeth Warren’s “ #Bitcoin Ban Bill” admits the bankers helped Warren write the bill.

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@allenf32

3 years

🧡 Only The Strong Survive 🧡 A Philosophical, Technical, and Economic Critique of Prospects in “Crypto” Beyond Bitcoin by yours truly and my partner in crime, @Big_Al256 , who, it cannot be denied, hits dingers.

Only The Strong Survive

A Philosophical, Technical, and Economic Critique of Prospects in “Crypto” Beyond Bitcoin

www.uncerto.com

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@allenf32

3 years

the battle for helm's deep is over. the battle for middle earth is about to begin.

Elizabeth Warren

@SenWarren

3 years

Bitcoin requires so much computing activity that it eats up more energy than entire countries. One of the easiest and least disruptive things we can do to fight the #ClimateCrisis is to crack down on environmentally wasteful cryptocurrencies.

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@allenf32

2 months

imagine having a time horizon of 2 hours

Keith Weiner

@RealKeithWeiner

2 months

Bitcoin -$3600. In under 2 hours. This is not savings, not money, not even currency. Nothing but a speculation, a casino chip. Will it go up to $100K and beyond? Maybe. I don't know, and neither do the glib voices who assure you it will.

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@allenf32

11 months

@Jeremy_Hunt because you printed a metric fuck ton of money /end

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@allenf32

4 years

I'm almost embarrassed I never thought to try this before, but this is a long-term graph of the S&P 500 *as priced in gold*. let's call it Cantillon's graph. it is utterly damning and it should make you very, very mad. h/t @TuurDemeester 🧵

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@allenf32

2 years

this is what happens when you can only think linguistically and have no idea how anything actually works.

Blockworks

@Blockworks_

2 years

NEW: Hillary Clinton says crypto could be manipulated by China and Russia

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@allenf32

2 years

wtf, @nic__carter ? not cool 🤦‍♀️

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@allenf32

5 years

1. what is ACTUALLY happening in financial markets right now. a thread. TLDR: everything you think you know about economics is nonsense.

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@allenf32

3 years

no, let's continue.

Let’s all please stop calling dollars ‘fiat money’

Currencies are not memes that only have value because governments say they do

www.ft.com

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@allenf32

2 years

BREAKING: billionaire shitcoiner FUDs bitcoin

Bitcoin has no future as a payments network, says FTX chief

Bankman-Fried criticises biggest digital asset over inefficiency and high environmental costs

www.ft.com

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@allenf32

3 years

literally tho 😍

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@allenf32

2 years

no, let's not declare a pandemic amnesty, thank you very much.

No, Let’s Not: Perpetrators of Pandemic Authoritarianism Cannot Be Forgiven

“It must become embarrassing to admit one ever supported uninformed and nonconsensual participation in a medical experiment or mass house arrest and coerced isolation.” The regime media’s orchestra...

merionwest.com

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@allenf32

3 years

#bitcoin is not libertarian. it is apolitical. the reason you think it is libertarian is that you have been conditioned to live in a world in which everything is political. you might wanna snap out of that if you want to have the slightest clue what is happening around you.

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@allenf32

2 years

this is an interesting thread but I feel like I should offer some commentary from a bitcoiner perspective:

Tascha

@TaschaLabs

2 years

35 business ideas of how web3 could improve or disrupt the most successful companies:

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@allenf32

2 years

I have married my Bulgarian Princess and can take my rightful place as King of the Slavs!

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@allenf32

6 months

the big problem with providing clean drinking water for 500,000 people is that in the course of doing so you draw attention to the fact that 500,000 people previously didn't have clean drinking water. on balance, that doesn't seem worth it.

Yahoo News

@YahooNews

6 months

While American YouTuber MrBeast’s goal was to provide clean drinking water for 500,000 people, activists say his actions shamed the Kenyan government and helped perpetuate the stereotype that Africa is "dependent on handouts."

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@allenf32

2 years

"How could Sequoia Capital do this? Why would they think it was a good idea? Why would they brag about it in cringe-worthy fan fiction? Honestly, why would they not?"

Crypto Is Peak Silicon Valley

… and Silicon Valley has sadly become peak fiat

allenfarrington.medium.com

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@allenf32

2 years

the ultimate heuristic in understanding the fiat finance stack is to ignore all the crap in the middle because you know it all ends in the same place anyway:

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@allenf32

1 year

"how dare you jump off this sinking ship! that makes it more likely everybody else will sink!" expect this kind of shit to dramatically increase in quantity, frequency, and aggression.

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@allenf32

2 years

I'm calling for a complete and total shutdown of silicon valley until we figure out what the hell is going on

Sahil Lavingia

@shl

2 years

@elonmusk We should be investing in technology that makes having kids much faster/easier/cheaper/more accessible Synthetic wombs, etc

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@allenf32

7 months

when you go from the UK to the US and you sell your pounds for dollars, you aren’t “speculating”, you’re just pretty sure the people there are gonna prefer them in exchange for stuff. bitcoin is like that except when you are going to the future.

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@allenf32

3 years

this is not a smart person

Elon Musk

@elonmusk

3 years

@MattWallace888 BTC & ETH are pursuing a multilayer transaction system, but base layer transaction rate is slow & transaction cost is high. There is merit imo to Doge maximizing base layer transaction rate & minimizing transaction cost with exchanges acting as the de facto secondary layer.

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@allenf32

5 months

I’m not sure I can think of a single more powerful signal for social good than fiat bankers collectively being mad at something

MeliFinance

@Valuehunter12

5 months

Bankers are upset in Argentina! Good sign to look into investing in that country or at least visiting.

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@allenf32

1 year

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@allenf32

3 years

I swear there is a word for this 🤔

Higher Prices Leave Consumers Feeling the Pinch

Americans accustomed to years of low inflation are beginning to pay sharply higher prices for goods and services as the economy strains to rev back up and the pandemic wanes.

www.wsj.com

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@allenf32

1 year

crypto had $50bn to invent #nostr and a couple of bitcoiners did it for free. something to think about 🤔

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@allenf32

2 years

🧡💜 Bitcoin Is Venice is now free! (as in freedom *and* as in beer) 💜🧡 please, for the love of God, download this and read it on a laptop, in a comfy chair, with a fine liqueur. anybody trying to read it on their phone is getting blocked.

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@allenf32

2 years

I love the smell of crumbling narrative in the morning.

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@allenf32

3 years

these people have no idea what they've just done. #bitcoin is now the universally applicable, single-issue pro-freedom schelling point that has never previously existed. and now they are clumsily conspiring to attack it, outing themselves as unequivocally anti-freedom.

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@allenf32

2 years

TLDR: by not being a moralising, condescending, propagandising asshole and letting guests talk for more than 20 seconds

How Joe Rogan became the world’s most popular podcaster

He’s known for saying the unsayable but, with more than 11 million listeners every week, he's one of the jewels in Spotify's crown. With an estimated 11 million listeners per episode, he reaches nearly four times as many people as prime-time cable hosts.

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@allenf32

3 years

introducing Buttcoin, a new cryptocurrency that will be distributed fairly by my cantillionaire friends (promise!) we protect your privacy by collecting data from your anus and storing your poop forever. details about how it works not important. it uses blockchain technology.

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@allenf32

2 years

with this horrific deflation, everybody working in the storage market refused to take nominal pay cuts which led to unemployment, while consumers constantly deferred their purchases which led to a pullback in capital investment. it's been a disaster all around, really.

Theodros Kassa

@TheodrosKassa

2 years

The price of 1 gigabyte of storage 1981: $300,000 1987: $50,000 1990: $10,000 1994: $1,000 1997: $100 2000: $10 2004: $1 2012: $0.10 2022: $0.02

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@allenf32

3 months

you have no idea of the magnitude of scamtastic shitcoin fuckery coming to bitcoin this cycle. you think you do, but you don't.

H.E. Justin Sun 孙宇晨

@justinsuntron

3 months

#TRON Announces Its Bitcoin Layer 2 Solution and Road Map Today is a significant day for #TRON . Let's make #Bitcoin fun again! As the protocol behind the world's largest stablecoin market, boasting $55 billion, and the decentralized finance Total Value Locked (TVL) of $22

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@allenf32

3 years

#Bitcoin is Ariadne. #Bitcoin is Halal. #Bitcoin is Gravity. #Bitcoin is Logos. #Bitcoin is Techne. #Bitcoin is Venice. No one knows what it means, but it's provocative! It gets the people GOING!

Bitcoin Is Venice

Rhapsody on a Theme of Nakamoto

allenfarrington.medium.com

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@allenf32

3 years

I've realized something that others may well have realized long ago, may reflect my naivety and optimism, but is now made me seriously doubt things can or will improve. there is an alarming proportion of people who, having caved before authoritarianism ... 1/n

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@allenf32

1 year

wait, wait, wait. so you're telling me that the US government tried to kneecap crypto and inadvertently catalyzed the biggest fractional reserve contagion of all time?

nic carter

@nic__carter

1 year

Was Silvergate deliberately destroyed by the US government? Shareholders deserve answers. Why did the FHLB abruptly and with no notice recall their loan, effectively dooming them? FOIA anyone?

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@allenf32

3 years

Thiel > Andreessen Musk > Gates Balaji > the media Texas > California Miami > SV China > pretending China isn't ferociously capitalist and isn't out-innovating the US in many areas hardware > software ₿ > $ let's check back in ten years and see how this played out, shall we? 😃

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@allenf32

3 years

proof of stake vs proof of work

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@allenf32

1 year

open question for fiatbros: how do you think this is going to end? seriously, what's your plan? does the debt ever come down? does inflation ever stop? if so, *how*? *precisely how*? "see no evil, hear no evil" is not an answer. evil is afoot and you need to act.

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@allenf32

4 months

@tonyannett excellent, we found the problem.

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@allenf32

2 years

green insanity will become politically untenable for 5-10 years in Europe after the human catastrophe of winter 22/23. but we ought to pile on such that it doesn’t just get quiet for a while but rather becomes inextricably linked with misery, poverty, sickness, and death.

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@allenf32

2 years

the total failure of vaccines to prevent transmission was widely known a year and a half ago. that’s not the news. the news is that they have finally decided to stop lying about it and have instead started denying that they ever did lie.

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@allenf32

2 years

the chaos in crypto is what happens when you have fractional reserve banking without a central bank. tradfi would be exactly as chaotic if they weren’t constantly and forever stealing from you to prop it up.

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@allenf32

4 months

hear me out, guys: an index of all the different bitcoin ETFs.

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@allenf32

1 year

BREAKING NEWS: CAN KICKED. NOTHING SOLVED. EVEN WORSE PROBLEMS TO COME.

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@allenf32

3 years

honestly never thought I'd live to see @elonmusk out-memed and out-trolled. what a glorious moment for culture and humanity.

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@allenf32

2 years

imagine how outrageously privileged you have to be to think that energy consumption is a bad thing.

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@allenf32

3 years

just btw, how in the actual f*** does this have fewer than 500 likes? I'm not joking, this might be the most important tweet of all time:

elizabeth stark ⚡

@starkness

10 years

#Bitcoin as protocol has huge potential: it's like the TCP layer, but no one has built the HTTP layer yet. via @jacobwcarlson cc @pmarca

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@allenf32

11 months

NEW BULL MARKET SCAM TEMPLATE JUST DROPPED 👀

Pledditor

@Pledditor

11 months

. @RaoulGMI : "the tokenization of an AI network makes total sense" ummmm.....

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@allenf32

3 years

if you think that "saving" could "trigger a financial meltdown", here's a crazy thought: maybe you're the problem.

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@allenf32

2 months

teach them classical literature, grammar, arithmetic, logic, and ethics. thanks for coming to my TED talk.

Tsarathustra

@tsarnick

2 months

Yuval Noah Harari: we have no idea what to teach young people that will still be relevant in 20 years

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@allenf32

2 years

the storm is coming and your slogans won't save you. #ESG #CCP #TLA

I Finance The Current Thing

“ESG”, Big Finance, and a Category 5 Shitstorm of Economic Reality

allenfarrington.medium.com

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@allenf32

3 years

I sincerely apologize for ever having endorsed or defended @elonmusk . whatever his achievements, he is a selfish prick. one day he will claim this was all a joke and try to weasel his way back in. but we'll say no, because the worst crime of all is it's not even funny 🤷‍♀️

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@allenf32

2 years

there is nothing more late-stage fiat capitalism than financial professionals telling you that "capital is cheap". capital is scarce. *credit* is cheap, and, as a result, all capital everywhere is mispriced and misallocated.

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@allenf32

3 years

"a man is honorable in proportion to the personal risks he takes for his opinion" - @nntaleb

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@allenf32

5 months

man, they don’t make fascists like they used to 😕

BladeoftheSun

@BladeoftheS

5 months

Javier Milei continues his fascist rampage in Argentina. He has authorised the Privatising of all remaining State owned industries (thats his donors cashing in). He has also authorised the sale of all Social Housing and removed all rent controls It is going exactly as expected

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@allenf32

1 year

I thought worldcoin was some dystopian nightmare, then our team realised how many metric fucktons of fiat we could make dumping this garbage on retail, as well as how much clout we would acquire being associated with the ChatGPT guy.

Spencer Bogart

@CremeDeLaCrypto

1 year

I thought Worldcoin was some dystopian Orwellian nightmare, then our team invested hundreds of hours evaluating what the project’s contributors have actually built and I completely changed my mind - why we led the latest financing 1/

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@allenf32

3 years

BREAKING: Bank of America has hired some high school interns to spend all day on bitcoin twitter

Blockworks

@Blockworks_

3 years

NEW: Bank of America has launched a crypto research team - Bloomberg

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@allenf32

3 years

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@allenf32

3 years

#science

Gauge Theory Does Not Fix This

or, why do intellectuals oppose Bitcoin?

allenfarrington.medium.com

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@allenf32

2 years

periodic reminder that anybody who endorsed Luna is at best financially illiterate and at worst a criminal. do not entrust them with your assets, do not take their financial advice, and, most importantly, do not take them seriously. tag em in the replies for megalolz 🤣🥳

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@allenf32

2 years

you are running out of time to read When Money Dies

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@allenf32

7 months

she’s just laid out for you much of modern, progressive, liberated, fiat AF life is a wage slaving scam, and you’re yelling at her to go back in the pod 😕

Libs of TikTok

@libsoftiktok

7 months

Recent college grad has breakdown over working a job. We’re doomed.

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@allenf32

3 years

billionaires adopting bitcoin is not good news because it pushes the greatest ever tool for human freedom and prosperity a tiny bit further out the reach of those who need it most. countries adopting bitcoin is f**£ing unbelievably good news 😍 number of people go up 🧡

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@allenf32

3 months

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@allenf32

6 months

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@allenf32

10 months

📢 proud to present the revolutionary new Number Go Up pricing model for #bitcoin 🧡🥳🚀 feedback welcome! (unless it's negative, in which case you will be blocked)

Modeling Bitcoin Value with Vibes

The Market Price of Bitcoin and the “Number Go Up” Model

allenfarrington.medium.com

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@allenf32

4 years

Taleb, the writer, is a genius. Taleb, the tweeter, is a bullying, cowardly, bullshitting charlatan. that’s the short version. here is the long version:

A Tale Of Two Talebs

or, how to kick your addiction to the Internet’s biggest asshole.

allenfarrington.medium.com

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@allenf32

2 years

new book just dropped 👀

Bitcoin Is Venice

Allen Farrington and Sacha Meyers chart a crash course through the errors of modern economic theory and the world's broken fiat currency system with a hopeful destination: Bitcoin Is Venice.What if a...

store.bitcoinmagazine.com

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@allenf32

5 months

@OnlyInBOS please tell me more about all that steel you made with no fossil fuels ...

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@allenf32

3 years

I can't get this out of my head 😢

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@allenf32

2 years

yeah I dunno I feel like you could probably just use "money" for this?

Tascha

@TaschaLabs

2 years

1. Amazon logistics Instead of having large distribution centers, Use decentralized mini warehouses (e.g. your backyard) for storage & drivers pick up merchandises from closest storage location. Delivery fees paid in warehouse tokens are earned by warehouse owners.

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@allenf32

3 months

bitcoin twitter got tim buckley fired. if we say that often enough and loudly enough, it becomes true. I don't make the rules.

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@allenf32

1 year

magic internet Monet

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@allenf32

2 years

"wHy WouLd ExXoN mInE bItCoIn Tho?!?"

Pomp 🌪

@APompliano

2 years

Yo @PeterSchiff remember when I told you that Exxon Mobil would mine bitcoin before 2030?! Update: ✅

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@allenf32

2 years

EXCUSE ME SIR

Dylan LeClair 🟠

@DylanLeClair_

2 years

No one’s asking where the yield was coming from… In 2020/2021 you had the GBTC arbitrage, the futures market basis premium, etc. Then those both disappeared, and everyone went to the anchor protocol with UST, and blew up, which has brought us to where we are today… 🤦‍♂️

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@allenf32

2 years

in case anybody is feeling at all optimistic, remember this is much worse than just energy. this is the culmination of 10+ years of near universal capital misallocation. everything is broken and the only way out is to print money ...

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@allenf32

11 months

this is honestly the funniest thing you will read all year. it merits repeat readings. you will constantly find new bits you think are the funniest (literally just happened to me on my 4th read 🤣)

‘A sense of betrayal’: liberal dismay as Muslim-led US city bans Pride flags

Many liberals celebrated when Hamtramck, Michigan, elected a Muslim-majority council in 2015 but a vote to exclude LGBTQ+ flags from city property has soured relations

www.theguardian.com

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@allenf32

3 years

having watched this 3 or 4 times and thought about it for nearly an hour, I have come to the conclusion that this is an elaborate practical joke.

Rep. Alexandria Ocasio-Cortez

@RepAOC

3 years

About inflation: the price increases we're seeing are due to supply chain issues worsened by COVID. They are not permanent. We need to understand this. If we panic & raise interest rates, rather than strengthening infrastructure to help the supply chain, unemployment will go up.

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@allenf32

2 months

I can't believe I've been nerd sniped into this but, oh well, here goes, as long as it takes to thoroughly debunk ... the very first sentence gives away an unforgivable conceptual flaw. there is no such thing as "deflationary money," only degrees of inflation. 1/n

Mike Brock

@brockm

2 months

The only way you reach this conclusion is by completely ignoring everything we've learned about behavioral economics. Which Austrians do a lot. Deflationary money leads to an economy of thrift, because: 1. A deflationary currency, by definition, increases purchasing power

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@allenf32

11 months

Trust Me, Bro

Trusts, ETFs, and Trojan Horses

allenfarrington.medium.com

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@allenf32

11 months

no, abuse of “experts” must continue until they are driven out of polite society and dare not attempt to have any such evil influence ever again.

Covid Inquiry: Abuse of experts must stop, says Whitty

Sir Chris laments treatment as he gives evidence to Covid Inquiry on pandemic preparedness.

www.bbc.com

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@allenf32

2 years

inflation has sweet fuck all to do with "supply side issues", "demand side issues", "ukraine", "covid", blah blah fucking establishment bullshit blah. it has to do with money printing and capital misallocation, which is a consequence of money printing.

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@allenf32

3 years

@clairlemon can you imagine being a rich country and literally forcing vaccines on people who are not vulnerable to avoid political embarrassment when there are vulnerable people in poor countries literally crying out for them?

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@allenf32

2 years

if you bought an iPhone in 2009 I bet you feel like a right moron given you could have waited until today and got a much better one.

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I identify as a layer 2

@allenf32

2 months

BREAKING: VanEck to donate 100% of ETF profits to core developers until March 31st 2025!

Bitcoin Magazine

@BitcoinMagazine

2 months

JUST IN: VanEck is removing the fees on its spot #Bitcoin ETF until March 31st, 2025 🤯

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@allenf32

2 years

this is the silver lining of covid hysteria. it was so offensively stupid that we are now above the key threshold where people are comfortable saying in public that The Science™ is political bullshit.

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@allenf32

6 months

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418

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@allenf32

2 years

the problem with debt is that it doesn't last for long enough and doesn't entrap enough of your family

Tony Diver

@Tony_Diver

2 years

NEW: Boris Johnson is considering allowing 50-year mortgages that can be passed down from parents to their children in a bid to help people onto the housing ladder. No10 thinks it is one option that would allow people to borrow more cash.

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@allenf32

3 years

any country that gets its shit together wrt personal, economic, and (I seriously can't believe I even need to say this) *medical* freedom will have its pick of the most morally upstanding and economically productive immigrants in the world. 1/n

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@allenf32

11 months

a trust is not an ETF. sure would be nice if we had some adults in the room who understand the first fucking thing about securities before they start tweeting.

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@allenf32

3 years

probably no group in human history has done more damage to the environment than "environmentalists". the ultimate source of the climate being a political issue is that nuclear power is politically impossible. we are in the early innings of the exact same thing with #bitcoin 🧵

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@allenf32

2 years

has anybody thought about just making inflation illegal?

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I identify as a layer 2

@allenf32

4 years

the propaganda in the West is far, far, far worse than in China. in China, everybody knows they are being lied to.

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I identify as a layer 2

@allenf32

2 years

thinking a central banker cares about inflation is like thinking a stripper is into you.

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