I remember watching Bitcoin drop from $30 to $2. And not buying a fuckton at $2. And selling a bunch before it hit $100. So a drop below $30,000 doesn't even register on my radar at this point.
Between 2015 and 2017, the Bitcoin network was relentlessly attacked. If not for this man, it is very likely we would not have Bitcoin today.
Enough Bitcoin lip service from Twitter. Bring
@LukeDashjr
back. Let's see who is real and who is fake in this fight.
In my view, cryptocurrency is about the separation of money and state, not about the abolition of the state.
The abolition of the state and generalized dispute resolution protocols are well outside the scope of cryptocurrency.
We will never forget what happened...a handful of CEOs tried to circumvent technical review and tried to force "consensus" via brute force, propaganda, and organized social media campaigns.
After years of studying it, I believe that cryptocurrency, specifically Bitcoin, is the only way out of the impending inflation catastrophe and encroaching financial surveillance state and that people who are salty about this probably don't have as much of it as they would like.
Happy Holidays. Merry Christmas. Happy Hannukah.
I am in a giving spirit, so I will give 100 mBTC each to ten random people who retweet this on December 25th.
I'm so glad the camps are clearly no longer small vs. big blocker (which was always a stupid framing) but people seeking decentralized, censorship-resistant money vs. short-term market manipulators.
#Bitcoin
There's actually no need to explain Bitcoin to anyone. There's a need for them to understand why state-issued fiat is a scam. And then they will naturally want Bitcoin.
In hindsight, it's so funny to think I was one of the earliest people to actually take precautions for COVID19 like stockpiling supplies and wearing a mask. In early 2020. But then the actual data came in and some of us adapted while other people didn't.
Being able to privately spend without requiring anyone else's permission is as much a human right as being able to privately speak without requiring anyone else's permission.
Unpopular opinion:
Society needed a reset. The covid19 lockdowns were necessary to get many people out of their routines so they can question what the fuck they are doing with their lives.
It is extremely hard to have conversations with most people when everything you want to discuss would require a complete reassessment of everyone's worldview but you know they just aren't ready to go there.
Bitcoin already won the cryptocurrency wars. The threat model is no longer the same. Fighting forkers and shitcoiners is dumb. Keep your eye on the prize.
I have published 1000 white papers in just the last week and filed more patents in the last month than the entire country of China. And have more money than all the countries in the world combined. And I'm also Satoshi.
As Bitcoin price rises, on-chain fees will continue to rise. This will be true of any public blockchain, not only Bitcoin. Off-chain protocols are the only practical way forward for significant fee reduction while keeping the network p2p.
Thread.
1) The Lightning Network (and multilayered protocols more generally) are a more complex to design and implement than a flood network, like the Bitcoin base layer.
If not for
@LukeDashjr
, it is quite possible the fork wars would have been lost and Bitcoin would have been captured by the same interests that are running the USD into the ground.
True story.
The goal isn't that Bitcoin wins and all other cryptocurrencies die. The goal is freedom of transaction, freedom to use or not use intermediaries, freedom to store wealth however one wishes without coercion.
If something can do this better than Bitcoin, I'm in!
I was hoping we could put this issue to rest long ago. However, a smear campaign continues against Bitcoin protocol developers in an attempt to scam new users, so I will repost an email I wrote to Roger on March 31, 2016 calling for peace...please RT.
Cryptocurrency: the use of cryptography to advance monetary self-sovereignty
Tokenization: reform of securities law and development of tools for tokenizing equity and physical goods.
Two fundamentally different missions (and perhaps even separate industries entirely)
Whenever BCH is about to pump, expect
@jihadwu
to post "diplomatic" tweets towards other cryptos (but promoting BCH) while bitcoindotcom publishes outright fake news propaganda, and random nobodies on Twitter start to troll about mempool crap on BTC and such.
Cryptocurrency isn't just another fad. It isn't just another tech to build an industry around.
Cryptocurrency is nothing less than the reinvention of money. A kind of money you can validate for yourself on a network that you can use without needing anyone's permission.
Bitcoin is not a social club. It is not a tribe. It is not a culture.
It is an attempt at better money. Money doesn't care about your tribal affiliation nor your culture.
If your worst enemies are not using it, it is probably not a very good money.
We still have a ways to go.
Bitcoin will continue to do what Bitcoin does. Nobody controls it. We are all learning what it does.
Adapt to it as it evolves. It will not adapt to you.
Just a reminder that nobody has a fucking clue what they are talking about even in peacetime, so if you find yourself boiling with rage against someone you've never even met before, there's a very good chance you are being psychologically manipulated.
For Bitcoin to succeed, it needn't really innovate much further. It needn't change much if at all. It doesn't need a larger ecosystem or better tech or better use cases. All it really needs to do is survive while the current global financial order implodes or is forced to adapt.
I am really excited to see all the amazing second layer tech being developed on Bitcoin. Having been able to work with such incredible talent and having participated in getting the network ready for this has been one of the greatest adventures of my life.
If some devs seem harsh at times, remember we're talking about securing a multibillion-dollar network. If a pilot is about to crash a plane, would you expect a co-pilot to be more concerned about not hurting the pilot's feelings than about crashing?
This is the kind of incompetence Bitcoin devs have to deal with. People think they know better, their input gets reviewed and rejected. They cry about censorship/toxicity. Attempt to do it by themselves, fail & find a way to blame Core. Thanks Core devs for keeping my coins safe.
Today, "money" is basically just arbitrary numbers stored on computers and authorities who get to decide which accounts magically increase their numbers.
Let that sink in.
Anyone not subject to a lifetime of conditioning and brainwashing would think this is totally crazy.
Once upon a time, men had to risk getting devoured by wild animals every time they went to get a meal. Only real men and their families got to eat.
Today, men cower in fear of an invisible threat they don't even understand while waiting for food delivery.
Humanity is doomed.
Just a friendly reminder that all Western democracies have been totally hijacked and are getting turned into totalitarian states under the guise of protecting your health.
What I was taught as a kid:
If you behave, follow the rules, and get good marks, someone eventually gives you permission to have what you want.
Reality:
If you believe in yourself and have the balls to stand up to anyone, you can skip all that and just get whatever you want.
Craig is a fraud. There, I said it! I can't believe such a narcissistic liar was able to bamboozle people into actually trying to fire (and pissing off) the most expert, most qualified people to work on cryptocurrency technology in the entire world.
People are trying to make Bitcoin seem like some breakthrough in energy storage and transmission.
No. The purpose is to escape inflation and asset confiscation and buy time to figure out how to build better institutions while the current central banks fuck themselves.
Come @ me
Confiscation resistance -> own your keys, protect them
Censorship resistance -> geographically and politically diverse miners
Inflation resistance -> fixed mining reward schedule
Counterfeit resistance -> run your own full node
I'm basically a nobody, so don't listen to anything I say. But I've observed that life is like a million times better if you buy bitcoin and hodl and completely avoid all partisan politics and power games.
Anyone can fork Bitcoin node software and create new networks. If you believe you have a better value proposition than the existing Bitcoin network, you should! But I am concerned about attempts to attack other networks or to scam new users via deliberate brand confusion.
Not having to worry about the rules changing from under you is THE KILLER FEATURE of Bitcoin and why it is valued more than any other coin. You can replicate the code for free but you cannot easily replicate this feature.
Accepting that nobody has a fucking clue and that you alone must figure out what is best for you is at once the most terrifying and the most liberating thing you can ever do for yourself.
If corporate interests come to dominate cryptocurrency protocol development, and in particular consensus rules, we've just reinvented the existing global financial system except we've replaced the functional infrastructure with something that doesn't scale and is hard to change.
This kid is one of the most real Bitcoiners you will ever find.
Thank you,
@JackMallers
, for your steadfast and rock solid support, great ideas, and hard work. And to your family for being such an amazing example for the entire community.
Today, the world changes for the better.
Today, humanity takes a leap forward in instilling human freedom, financial inclusivity, and so much more.
I’ll leave it at that for now.
See you soon.
#Bitcoin
Unpopular opinion:
Unless you fully understand how Bitcoin works and have personally audited all the Bitcoin full node software, you are still either trusting some experts or following the herd.
#Bitcoin
does not fix this. Cheerleading about
#Bitcoin
doesn't fix this.
Ratio me
We regret to inform you that your particular nationality, lifestyle, and/or ethnic group has been targetted as part of a psy op campaign. If you suddenly notice a bunch of hate and/ or adulation headed your way, do not be alarmed. This is normal.
Ask yourself, "Why would someone be so interested in convincing me I shouldn't have to validate my own transactions, insist that I should trust them, and get so defensive when I question this?"
The cryptocurrency idea is one of the most awesome ideas I have ever seen.
The cryptocurrency industry is one of the most awful industries I have ever seen.
Let's reinvent pyramid schemes, put them on horrendously inefficient, buggy, poorly reinvented databases, convince idiots that we're going to make them rich, and convince the SEC that we're just like Bitcoin.
I don't typically consider myself a very vindictive person. I hardly ever hold grudges, I avoid making things personal. But I also believe if we let people get off free while screwing others they will keep doing it.
Until the advent of long-range electric power distribution via the use of high voltage transformers and efficient power lines, electric lighting was the privilege of the rich and dense urban areas.
In less than a year people were made to believe that not being able to see friends and relatives in person; having to cancel all events including weddings, and funerals; and always having to wear something on your face is a normal way to react to a novel strain of the common cold
The value proposition of Bitcoin is money strongly resistant against:
- confiscation
- freezing/censorship
- inflation
- counterfeit
Only on these terms does it even stand a chance against state-issued money.
I have exactly zero emotions for Bitcoin going to $10k. How can I get emotional about one more hardcoded event I've known about for years?
It is entirely predictable and unexciting. And that is exactly the point.
I don't want to destroy governments. I want humanity to progress to the point where it no longer needs them. As long as people want a government, trying to take it from them forcibly is an act of violence.