John W. Ratcliff @jratcliff Twitter profile

Last Seen Profiles

@landrygilpin

@zumakinarutou

@nalow_official

@legnaangel1

@MitraOktavia5

@TPROfficial

@SweetingAn71342

@CENDERx

@natd_lap

@TSTHEMANUSCRlPT

@PacerAthletics

@cikenugets

@smritikak

@aptools_io

@melimelha

@0_bishi_7

@anna_merzi

@TBScullion

@mahmood_studios

@WLHSWildcatsFB

@moooooko01

@DirectX12

@Jonathandefar

@ef16ae79ccdc4ba

@burgessdonovan1

@FGCFlash

@TywanRoyal21

@fakeesportfr

@AlonnaTias76124

@John_Kass

@mero_na072

@itsquickgaming

@ParreirRicardo

@gregstep

@alyxdernarr

@JanisIkstens

John W. Ratcliff

@jratcliff

3 years

Bitcoin has a better chance of surviving a complete shutdown of the Internet than your bank does. Few.

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John W. Ratcliff

@jratcliff

2 years

Hold $1,000 of USD for 100 years. It is 100% guaranteed, by design, to become worthless. No other outcome is even possible. Hold $1,000 of bitcoin for 100 years and, if the bitcoin network still exists, it is virtually mathematically guaranteed to be worth much more. Savings tech

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John W. Ratcliff

@jratcliff

3 years

Actual screenshot from Japanese news coverage of Bezos's rocket launch.

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John W. Ratcliff

@jratcliff

4 months

If bitcoin were to hit a million dollars no one would be 'getting rich quick'. This time we would be dealing, not with people who bought a $100 worth of bitcoin and watched it become a million, but serious investors. These are people who paid somewhere between $65k and $16k for…

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John W. Ratcliff

@jratcliff

8 months

Well, it's official. Bitcoin Manor is on the market. This is the fully custom mountain modern home that we spent three years designing and building. We built this house using profits from bitcoin we purchased in 2013. It was our plan to live in this dream home until our very…

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John W. Ratcliff

@jratcliff

2 years

A guy I gave $20 worth of bitcoin to back in 2015 just asked me to help him sell it (worth about $1,400 now). I didn't try to talk him out of it, because he held that bitcoin for 7 years and he fell on hard times and desperately needs money right now. Which is how savings works.

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John W. Ratcliff

@jratcliff

2 years

Somebody must have told Biden that if he blocks Russia from SWIFT then Putin can just use bitcoin for settlement. That's the only immediate national security concern that matches up.

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John W. Ratcliff

@jratcliff

3 years

Elon doesn't realize how much good will he just lost. I think he's totally unaware how many people who have been in bitcoin the past decade owned TSLA stock and vehicles. He made a lot of enemies this week. He wants to be liked. He did himself no favors Trust once lost is gone

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John W. Ratcliff

@jratcliff

5 months

I am currently 100% totally off-grid. This is my first time experiencing this. I got a very large and very expensive solar install so I could charge my 100kw Tesla for free (not counting the cost of the solar system of course). My house batteries are 50kw. They hold enough…

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John W. Ratcliff

@jratcliff

2 years

Bitcoin is a message passing protocol to keep a distributed database in sync. That's it. Nothing more. Whether or not anyone associates monetary value with a database entry is completely an arbitrary matter of social consensus I'm not sure everyone fully 'gets' this basic fact

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John W. Ratcliff

@jratcliff

2 years

The entire world now sees why bitcoin exists. Finally. They may hate it now. They may want to ban it. But they can't say it's a useless Ponzi scheme with no purpose anymore. Because being able to move value with no third party is now a matter of national security for all nations

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John W. Ratcliff

@jratcliff

1 year

@elonmusk @mattyglesias Twitter throttled entirely. Was this supposed to be a trick question?

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John W. Ratcliff

@jratcliff

6 years

Understanding paid bitcoin core shills. I must confess, I am a paid bitcoin core shill since early 2013. I have been continuously paid watching my first bitcoin at $13 rise in value to $11,000. Core paid me by keeping the network safe, secure, and by adopting rigorous process.

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John W. Ratcliff

@jratcliff

18 days

One problem (and there are many) with the proposed 44.6% capital gains tax that isn't discussed enough is this. Many people rationalize these tax rates by saying that "a millionaire can afford it". Well, not all millionaires are created equal. For someone who realizes more…

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John W. Ratcliff

@jratcliff

11 months

There is a strange point with the wording in that BlackRock ETF about hard forks. Traditionally, when a hard fork occurs, users get tokens on *both* forks. Large exchanges have generally honored this for custodial tokens. However, that's not what the BlackRock ETF says. It says…

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John W. Ratcliff

@jratcliff

1 year

There are limits to this attack. For example, right now fees are about $32 to get into the next block. This morning it was $38, so it has gone down somewhat. So, why not a $100? Why not a $1,000? Because this attack is already costing the attackers many millions of dollars a…

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John W. Ratcliff

@jratcliff

2 years

Anyone calling for bitcoin to switch to proof of stake is free to do so. It's an open source project Make the change. Then launch it using the existing UTXO set. Let the free market decide if they like it better. Literally no one is stopping you. Stop expecting *us* to do it!

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John W. Ratcliff

@jratcliff

1 month

I just moved my entire bitcoin stack from a single sig trezor, with a passphrase, to multi-sig working with @unchainedcom Unchained Capital. It was a big decision, but the right one. I did it for two reasons. First, because I was not confident that my heirs could recover my…

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John W. Ratcliff

@jratcliff

3 years

I'm a bitcoin maximalist. I don't think I'm toxic, but I suppose that's a matter of personal opinion. To be clear. I'm a bitcoin maximalist *ON PRINCIPLE*! I had a chance to buy the ETH premine. I knew it would probably make me a lot of money. I didn't buy anyway.

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John W. Ratcliff

@jratcliff

17 days

So, this 25% tax on *unrealized* capital gains. We need to game this insanity out. First of all. I can't imagine the current supreme court would allow this to stand. Unrealized means exactly that. You didn't earn anything! Every investor knows that until you actually "sell" you…

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John W. Ratcliff

@jratcliff

1 year

For anyone on my feed who's kind of curious about why banks are failing right now. Remember for years when interest rates were extremely low? When banks could borrow money from the Fed at 0%? So what did they do with that money? Well they turned around and they bought treasuries…

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John W. Ratcliff

@jratcliff

4 months

Here's what I love about this cycle. If you think a million dollar bitcoin is going to personally make you a multi-millionaire, then that means you *already* own at least two bitcoin. Owning a single bitcoin is nearly unachievable for most people now. Owning two would mean you…

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John W. Ratcliff

@jratcliff

1 year

I hope someone can correct me if I'm wrong..but...it appears to me that whoever is minting these BRC-20 tokens on the bitcoin network is paying millions of dollars in additional and unnecessary fees simply because the programmer who created this 'standard' wasn't willing to spend…

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John W. Ratcliff

@jratcliff

2 months

@MarioNawfal @LeadingReport Nothing says 'freedom' like banning speech....

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John W. Ratcliff

@jratcliff

2 months

Why this cycle is different? The current cycle hopium price is one million dollars. Sorry, I don't make the rules, @Excellion is pushing this meme and a million it is. I've been around in bitcoin long enough that I remember when hitting a thousand dollars per bitcoin had the…

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John W. Ratcliff

@jratcliff

4 years

@peter72i3 @NatSecLisa The FBI has become fully politicized under Barr. It was just reported this week that the FBI is handing off political dirt to the GOP but refusing to share it with Democrats. I used to have hope that the FBI was still operational; it is *NOT*!

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John W. Ratcliff

@jratcliff

2 years

@DavidSacks 4) Russia leaves Ukraine. Yes, it's really that simple. The aggressor leaves. You don't surrender to nuclear extortion.

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John W. Ratcliff

@jratcliff

1 year

Well, I'm pretty sure this experiment is over. Back in 2013, when I first got into Bitcoin, obviously, everybody I knew was giving me crap about investing money in something they consider to be fake. Since bitcoin tries to imitate the behavior of gold, I decided to buy 2 oz of…

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John W. Ratcliff

@jratcliff

6 years

What's the one thing in common between all #bcash supporters? Technical illiteracy. It's truly that simple. These are not people who understand computer science, cryptography, security and, most importantly, exponential network scaling.

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John W. Ratcliff

@jratcliff

2 years

Computer scientists claiming bitcoin solves no problem aren't making the convincing argument they think they are. Bitcoin clearly solves a problem. I think they just don't agree that the problem it solves is important. They aren't expressing a technical opinion but political.

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John W. Ratcliff

@jratcliff

10 months

I don't understand how the interviewers on mainstream media cannot ask the most basic follow up questions. So, when former DNI John Ratcliffe (not me, he's got that weird 'e' at the end) says he cannot discuss UFOs due to security reasons, ask him what are the security reasons?…

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John W. Ratcliff

@jratcliff

1 year

@maddyxf @HumansNoContext I'm assuming he was being pranked? Why else was a camera sitting there?

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John W. Ratcliff

@jratcliff

3 years

People wonder why I have so much of my net worth in bitcoin. I take one look at this chart and wonder why they don't?

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John W. Ratcliff

@jratcliff

3 years

Hah hah, I was going through old photographs and found this one of my grandnieces lemonade stand in 2016. Please *do not* try to send bitcoin to that address. I'm pretty sure no one has the private keys to it any more. It received 0.23 bitcoin back in the day, worth $11k today.

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John W. Ratcliff

@jratcliff

7 years

Dear business media; before I have to explain why bitcoin is a 'bubble' you need to first explain why 210 trillion of worldwide debt isn't.

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John W. Ratcliff

@jratcliff

6 months

@AntiToxicPeople @thoreauawhelan I like how we pretended for over three years that Trump was just an innocent bystander and a riot broke out as a complete surprise to him.....

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John W. Ratcliff

@jratcliff

7 months

@MicaSoellnerDC @bresreports I don't want him to be speaker. Is it a good sign for me?

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John W. Ratcliff

@jratcliff

1 year

Am I the only person extremely frightened that bitcoiners were right all along? I mean sure, it's nice to be one of the few people who thought ahead and got a life jacket, but what the world is going to go through is absolutely frightening. Maybe there's a way out of this? But…

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John W. Ratcliff

@jratcliff

7 years

@rogerkver @SatoshiLite @bendavenport @morcosa @TuurDemeester @barrysilbert @olivierjanss @tedmrogers @brian_armstrong @gavinandresen @jgarzik Bitcoin would probably already be at $10k if you dickwads hadn't blocked segwit for two years and launched hard forks and spread lies.

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John W. Ratcliff

@jratcliff

6 months

@TylerSCrypto My second cousin on my adopted family's side who personally owns 3,452 Satoshis says that shit is about to get real!!!

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John W. Ratcliff

@jratcliff

3 years

An exchange I just had with a friend I gave $500 worth of bitcoin to four years ago.....

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John W. Ratcliff

@jratcliff

3 years

I hope like hell bitcoin does not become a right wing only thing. We need reasonable centrists who value freedom in the middle. I am a centrist, and the US is being torn to shreds by extremists on both sides, leaving the majority in the middle feeling exhausted and helpless.

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John W. Ratcliff

@jratcliff

1 year

@ImigDerek Is this you? If so, then I would suggest that you are misscharacterizing what happened here.....

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John W. Ratcliff

@jratcliff

21 days

So, how stupid was this Rune thing? It was like a silent auction but, if you weren't the winning bidder, you still had to pay anyway. Yes. It was that stupid. This is literally an attack of the financially illiterate.

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John W. Ratcliff

@jratcliff

1 year

@Michael74758453 @financialjuice Whoa! I never thought to ask GPT4 to "explain things like your five". That could be a really remarkable tool.

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John W. Ratcliff

@jratcliff

11 months

It took me years to lose 100 pounds. A big part of that, besides quitting alcohol, was an enormous amount of hiking; probably an average of seven miles a day with a 1,000 feet of elevation gain each time. It was hard!!! So.....a few months ago I decided I should do something…

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John W. Ratcliff

@jratcliff

4 months

So @lopp has the numbers. 53 million inscriptions collectively paid $200 million dollars in bitcoin fees to miners to get their metadata written to the blockchain. That's an average fee of $3.77 and, every one of these inscriptions were included in a block. I understand that…

Jameson Lopp

@lopp

4 months

@jratcliff A total of 5,327 BTC in transaction fees were spent for ordinals transactions, so more like $200M.

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John W. Ratcliff

@jratcliff

3 years

To me it's not about 'making the most money'. Chances are many shitcoins will have a greater return than bitcoin (over some period of time). If you want to play the shitcoin casino, go right ahead. Have at it. But I'm into bitcoin for decentralized self sovereignty. Period.

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John W. Ratcliff

@jratcliff

1 year

@mtaibbi You have seen the indictments then? Also, Trump's own DOJ pursued this crime and sent Cohen to jail for it.

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John W. Ratcliff

@jratcliff

3 years

Here's the end result of all of those hiking pictures I post. First time I have been able to wear size 36 pants in about 30 years. Down to 195 from a high of 285. Almost 100 pounds total. Goal weight is 185 then just maintain. Colorado living is the way to go!!

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John W. Ratcliff

@jratcliff

2 months

For people who own a substantial stack of bitcoin. They don't need the price to 'go higher to get rich'. Or 'go higher to cash out'. They are already wealthy. If they were going to cash out, they did it a long time ago. They have no incentive to sell. Supply is gonna be…

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John W. Ratcliff

@jratcliff

2 months

I don't know if there are any lawyers out there that follow me, but I'm concerned that I may have committed a crime. It's called "insider trading". Apparently, I had advance knowledge that the supply of bitcoin was going to dramatically decrease early this year. Not only that,…

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John W. Ratcliff

@jratcliff

2 years

@GavinNewsom @joncoopertweets I was just in your state. I paid $7 a gallon. I'm now in my state of Colorado. I now pay $3.70 a gallon. How is that the 'oil companies' that makes gas cost twice as much in California as it does in Colorado? It's not the oil companies that makes gas so expensive in California!

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John W. Ratcliff

@jratcliff

1 year

Does Elizabeth Warren actually believe that she can write legislation that will cause a hard fork of Bitcoin? That's literally insane. Any AML/KYC hard fork of Bitcoin would just be another altcoin no one wants to use. Who is going to change the code? Elizabeth? Not us.

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John W. Ratcliff

@jratcliff

2 months

I was reviewing my old photos and came across this one I took on March 2, 2017. On the left, my one ounce of gold I bought in 2013 and, on the right, the price of bitcoin when the two roughly reached parity. Today, one bitcoin will buy you about 33 ounces of gold. Sorry…

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John W. Ratcliff

@jratcliff

4 years

@ibra_sid @GenePark Wait...you think Epic is at fault!? How about Apple selling computers and then telling people they aren't allowed to write software for it? Why aren't your furious about that?!?

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John W. Ratcliff

@jratcliff

1 month

@rogerkver @BTCTN @BitcoinMagazine @BitcoinMotorist @crypto @newsbtc @TheVladCostea @Cointelegraph @MarketWatch @jimmykimmel @scrowder Nope. He's trying to prevent you from using his account to amplify your affinity scam. Fixed it for you.

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John W. Ratcliff

@jratcliff

4 months

Bitcoin developer: "Let me explain how cryptographic math works." Bitcoin critic: "Fractions are hard"

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John W. Ratcliff

@jratcliff

6 years

Upgrading the bitcoin software is like changing the engine in a commercial airliner; while it as at 35,000 feet; with 400 passengers on board. Or, you could just say 'fuck it' and let Jeff Garzik half ass it. Hey, bitcoin CEOs. Your call. It's only $120 billion dollars.

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John W. Ratcliff

@jratcliff

8 months

Something I have learned about bitcoin. It's actually not a big deal if you got into bitcoin early. Lots of people did that. What's a big deal is holding it for a decade. Most people will sell an investment on a 20% gain, that's a great return. If it doubles or triples in price…

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John W. Ratcliff

@jratcliff

2 years

@elonmusk Have you been to India? There are plenty of people.

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John W. Ratcliff

@jratcliff

1 year

There are a lot of takes in this thread from people saying I'm crazy to sell gold now. I'll tell you what, I'll make anyone a deal. If you can meet me in person in Colorado, I will sell you these two ounces of gold at the spot price of gold for the spot price of Bitcoin.

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John W. Ratcliff

@jratcliff

6 years

How much longer until #bcash supporters realize they have made a horrible, horrible, mistake? The denial so far is staggering. Soon, WalStreet will have bought all of their real BTC and they will never get it back, stuck with a worthless alt-coin and played for a fool by Ver/Wu.

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John W. Ratcliff

@jratcliff

2 years

Gold * Not scarce * Can't use it to buy anything * Can't send it over the internet * Can't sell it without a massive commission and full AML/KYC * Can't keep up with inflation * Can't transport it without serious risk of confiscation But, hey, you can hold it in your hand....

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John W. Ratcliff

@jratcliff

6 months

Funny story about my Tesla. It's being shipped to Hawaii. When I read the email about how to prepare the car for ocean transport I skimmed it too quickly. I thought it said the battery should be charged at least 65%. So, I gave it a full charge and sent it on its way. Today I…

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John W. Ratcliff

@jratcliff

10 months

Just how rare is it for bitcoin from 2009 to be spent? It's pretty rare. In 2013 - 158 UTXOs from 2009 were consumed. In 2014 - 26 times In 2015 - 7 times In 2016 - 4 times In 2017 - 7 times In 2018 - 57 times (This happened on January 5th and the 6th of 2018. There were zero…

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John W. Ratcliff

@jratcliff

4 years

Do you own?

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John W. Ratcliff

@jratcliff

5 months

@SeanTrende @KFILE Are you saying this like the price is unexpectedly high? For that much high end food that sounds like a bargain to me.

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John W. Ratcliff

@jratcliff

6 years

The biggest lie from the BCH crowd? Core devs don't want to scale bitcoin to the world. These simple minds cannot even begin to understand the amazing tech currently in development. Why would they? You need an advanced degree in compsci and cryptography to begin to understand it.

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John W. Ratcliff

@jratcliff

1 month

Here is a photo of just some of the tax documents I have received in mail to date. It is literally hundreds of pages of documents in total. And, they are still coming in!! There are hundreds of more pages not reflected here because I received electronic versions of most of them…

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John W. Ratcliff

@jratcliff

3 years

Bitcoin is up 272% over the past year to today. Yet, according to my Twitter feed, I have made the worst investment decision in a lifetime. Seriously folks. Buy bitcoin. Wait four years. Historically that's been a great investment. Maybe, some day, it won't be. But for now HODL

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John W. Ratcliff

@jratcliff

4 years

@BrentTerhune Yes, please delay the election. Because then Nancy Pelosi becomes President on January 20th, 2021. And she will have Trump physically hauled off the premises for trespassing.

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John W. Ratcliff

@jratcliff

2 months

@CraigSalm @Grayscale ETH is centrally controlled and had a 70% premine given out to the people who created it. It has relatively little to do with bitcoin and is almost for sure an unregistered security if not an outright fraud. But, other than that, yeah, sure, list it....

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John W. Ratcliff

@jratcliff

1 year

@JesseKellyDC I strongly suggest that you apply for citizenship in Russia.

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John W. Ratcliff

@jratcliff

3 years

Guy has 10 bitcoin (worth $340,000) and decides to send a 'test transaction' of $5 worth before he moves the whole thing. Who's gonna tell him the 'test transaction' *does* move the whole thing?

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John W. Ratcliff

@jratcliff

3 years

Just had to talk my excavator out of buying litecoin. He figured he couldn't afford bitcoin as it was too expensive. Unit bias is a bitch.

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John W. Ratcliff

@jratcliff

7 years

ETH repeated fuckups reinforce why you keep your layer-1 small and simple. Move complexity onto secondary layers which cannot touch layer-1.

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John W. Ratcliff

@jratcliff

7 years

Not a single SegWit2X supporting business has activated segwit. And you wanna give them control of the network? Yeah, right. #no2x

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John W. Ratcliff

@jratcliff

13 days

@nateobrienn Nope. It's here. Kauai

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John W. Ratcliff

@jratcliff

2 years

Everyone is predicting a housing crash. And, I get it and all. But here's the thing. I built a brand new home a little over a year ago. To build the exact same home today, due to inflation and labor costs, would be at least 50% more due to inflation. Our unit of measure is broken

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John W. Ratcliff

@jratcliff

19 days

@__overflow_ eBay? Why not Craigslist or a back alley?

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John W. Ratcliff

@jratcliff

6 years

@novogratz @rogerkver Sigh, it concerns me that a man in your position cannot recognize the difference between con-artist running a fully centralized and controlled copy/paste rip-off from a true decentralized network like bitcoin.

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John W. Ratcliff

@jratcliff

2 years

@PeterSchiff So what you are saying is that you didn't physically control your own assets and put them in the hands of a third party....

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John W. Ratcliff

@jratcliff

2 months

Why is the hash rate going through the roof at a time when the block reward is about to drop in half; lowering miner revenue dramatically? Are miners stupid? Are they acting irrationally? Do they know something we don't all know? Are they all heading to bankruptcy next quarter?

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John W. Ratcliff

@jratcliff

7 years

S2X is supposed to 'upgrade' an 80 billion dollar financial network in weeks and the lead (only!?) dev is still pushing code changes!? #no2x

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John W. Ratcliff

@jratcliff

3 years

I say this because the bitcoin network requires very little bandwidth and could relatively easy route data to a mesh network or any other type of connectivity we can scrounge up. The devs behind bitcoin are extremely tech savvy and constantly think about defensive strategies.

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John W. Ratcliff

@jratcliff

1 year

I have been reluctant to call BRC-20 an attack, since the users are paying fees and using the protocol as it is currently released. However, now that I have learned that the data they are storing is so inefficient that it takes five times more blockspace than needed, I don't…

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John W. Ratcliff

@jratcliff

3 years

If I didn't already own more bitcoin than I probably should I would be desperately buying more today. This is the most stupid price correction maybe in bitcoin history. I feel there's gonna be a bounce in the coming weeks that is going to be mind ripping. Or it's dead. Nah...

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John W. Ratcliff

@jratcliff

3 years

If a guy buries a bunch of gold in the woods and then later loses the map he made that showed where to find it.... who blames the gold?

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John W. Ratcliff

@jratcliff

6 years

Bitcion CEO software engineering logic. "Why haven't you supported segwit yet?" Answer: "We must make software changes carefully and it will take a long time." Same exact CEO on hard-fork upgrades of bitcoin, "It's simple, we will just let Garzik do it without any testing."

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@jratcliff

1 month

@AWeissmann_ Yep. It's strategic for sure. I noticed this a while ago.

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John W. Ratcliff

@jratcliff

6 years

So, this isn't just rhetorical. Every single CEO who was serious about letting the S2X HF happen with zero support from the core devs, no testing, and one incompetent dev, owes the entire community an actual real apology and a promise to never do this again! Also, hire core devs!

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John W. Ratcliff

@jratcliff

2 months

What a phone call. A guy I knew from about 7 years ago just cold called me about buying bitcoin. Realize that I gave him the full bitcoin explanation back then. I think the price was probably $3k, I can't remember exactly. It took bitcoin at $72k to finally get him to think it…

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John W. Ratcliff

@jratcliff

4 years

Worried about your kids going to school during a pandemic? No problem. Just tell the school that they haven't had their coronavirus vaccine yet. Everyone knows kids aren't allowed to go to school if they aren't up to date on their vaccinations. #notmykid

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@jratcliff

8 months

@amanpour @paulkrugman It's not "peculiar". Interest rates are up 250%, making buying a home or even a car out of reach for anyone who needs to use credit. Inflation, which has already been massive, is ongoing. Prices haven't declined they are just no longer increasing as fast as they were; but are…

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@jratcliff

1 year

@KeithOlbermann @BaddCompani Where has the DOJ been? This is from three years ago. No one has been arrested. I think the DOJ is completely corrupt at this point.

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John W. Ratcliff

@jratcliff

3 years

Why didn't I buy the ETH premine? Because it was a premine. Because the ETH virtual machine was a security nightmare, proven again and again and again. Because it was a bitcoin affinity scam. I have also avoided all of the other alt-coins because they are all just affinity scams

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John W. Ratcliff

@jratcliff

2 months

@kyledcheney @Sky_Lee_1 Trump would get rid of those guys and install those who would be compliant. So, not a valid argument.

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John W. Ratcliff

@jratcliff

6 years

@DavidSonstebo WTF would I sell anything to you for under market price? At any rate, I guess you didn't read the part where I said the network is broken. I couldn't sell them to you if I wanted, no transactions are confirming!

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John W. Ratcliff

@jratcliff

3 years

The point here? I did not make an 'investment' decision when I refused to participate in ETH, the shitcoin casino, including hard fork attacks on the bitcoin network. I was making a decision based on principle. I don't think most people 'get this'.

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