Discover and read the best of Twitter Threads about #bh2019

Most recents (6)

1/ "How to outperform Bitcoin" - a thread based on my recent presentation at #bh2019
2/ We see 3 reasons why BTC should be the benchmark in crypto:

a) Current portfolio indices are flawed and won't stand the test of time

b) BTC is way ahead of its competition to become a monetary standard

c) It helps investors think in the right direction
3/ Imo crypto indices are DOA:

The Bloomberg Galaxy Index is a subjective mix of heterogeneous assets: no rational justification for the weightings.

For Bitwise 10 the question becomes: why include Bitcoin at all? Analogous to adding 80% AMZN to a junior index.
Read 18 tweets
LONG READS SUNDAY #64

This week’s story wasn’t some big flashy news, but the slow, irrevocable shifting of the tectonic plates that underly money and the global order.

With every day that passes, the stakes of the enterprise grows.

Strap in, comrades, it's long reads time 👇
2/ What do I mean? Let’s start with this thread from @el33th4xor about a French official reaching out to talk crypto, where he perfectly sums up the context of this moment when he says “Libra awakened the sovereigns.”
3/ The context for this was news Wednesday from a speech by French finance minister Bruno Le Maire in which he said “I want to be absolutely clear: In these conditions, we cannot authorize the development of Libra on European soil.”
Read 36 tweets
We’re giving a bunch of money to @BtcpayServer, a product that appears to be in direct competition with our mothership. It isn’t. Here’s why. #BH2019 #BalticHoneyBadger2019
Everyone benefits from open-sourcing, often in ways that are intangible. And as bitcoin’s ubiquity increases, existing payments companies have to make a choice: adapt or be left behind. Square got where it is by embracing and adapting to change. #BH2019 #BalticHoneyBadger2019
This isn’t an investment in a competitor, it’s an investment in the future of money—something that Square obviously has a stake in. #BH2019 #BalticHoneyBadger2019
Read 5 tweets
Looking forward to Matthew Mežinskis‘s presentation on Bitcoin as base money.

If you don‘t know his excellent podcast show @crypto_voices (shout out to co-host @fernandoulrich as well!), make sure to give it a listen.

#bh2019
First, some terminology: there are many names + buzzwords for base money, but they all mean the same: the monetary base.

#bh2019
What forms can base money take?

- Commodities (shells, beads, precious metals)

- Paper: physical cash

- Digital: central bank reserves, Bitcoin?
Read 15 tweets
1/ Here is the @crypto_voices 2019 Q2 release on the global monetary base. This is the only comparable money supply with Bitcoin's 21 million. #Bitcoin is currently the 🔥11th largest money in the world. To dig deeper on what it all means, follow on below. This is installment #5.
2/ Gold & silver is base money of the past. Government fiat is base money today. It comprises both physical cash… and a digital cash component! Bitcoin may be base money of the future. Before we get to the charts, it's important to clarify a few common misconceptions in money.
3/ The first is everyone looking to value Bitcoin always jumps to the "narrow" or "broad" money supplies (M1/M2/M3). This is incorrect. The reason is those money supplies represent "claims" on something else. What is that something else? Answer: the base money supply!!
Read 51 tweets
1/ Here is the @crypto_voices 2019 Q1 release on the global monetary base. This is the only comparable money supply with Bitcoin's 21 million. #Bitcoin is currently the 12th largest money in the world. To dig deeper on what it all means, follow on below. 👇This is installment #4.
2/ Gold & silver is base money of the past. Government fiat is base money today. It comprises both physical cash… and a digital cash component! Bitcoin may be base money of the future. Before we get to the charts, it's important to clarify a few common misconceptions in money.
3/ The first is everyone looking to value Bitcoin always jumps to the "narrow" or "broad" money supplies (M1/M2/M3). This is incorrect. The reason is those money supplies represent "claims" on something else. What is that something else? Answer: the base money supply!!
Read 50 tweets

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