Discover and read the best of Twitter Threads about #flippening
Most recents (7)
Why Bitcoin remains Top Crypto
3 arguments against the Flippening:
• First-mover advantage
• L1 Competition
• Independent Money
Bitcoin may remain the leading cryptocurrency, and Ethereum will not overtake it.
Read my thread 1/18 🧵👇
#Bitcoin #Ethereum #Flippening
3 arguments against the Flippening:
• First-mover advantage
• L1 Competition
• Independent Money
Bitcoin may remain the leading cryptocurrency, and Ethereum will not overtake it.
Read my thread 1/18 🧵👇
#Bitcoin #Ethereum #Flippening
I wrote the thread about the reasons for the Flippening.
However, I researched and found several strong arguments against this happening anytime soon, if ever.
However, I researched and found several strong arguments against this happening anytime soon, if ever.
First-mover advantage
Bitcoin is the first cryptocurrency. It is the oldest and most established, with a long history and a large user base.
Bitcoin is the main crypto brand.
Bitcoin is the first cryptocurrency. It is the oldest and most established, with a long history and a large user base.
Bitcoin is the main crypto brand.
My personal top 25 predictions for 2023
1-2 tweets per #taek, 1 chart/pic to make it EZ on the eyes/brain
Some overlap with @twobitidiot and our firmwide theses but some notable deviations
Thanks to my awesome colleagues @MessariCrypto research for shaping many of these
1-2 tweets per #taek, 1 chart/pic to make it EZ on the eyes/brain
Some overlap with @twobitidiot and our firmwide theses but some notable deviations
Thanks to my awesome colleagues @MessariCrypto research for shaping many of these
1. Macro still matters. Q1 is likely to be rough
Rapid incr. in IRs + removal of liq have hist. been followed by crises as the receding tide of ez mon. policy exposes systemic weaknesses
Something will break in tradfi. Watch credit spreads
ETH 1k BTC 15k arent unreasonable Q1
Rapid incr. in IRs + removal of liq have hist. been followed by crises as the receding tide of ez mon. policy exposes systemic weaknesses
Something will break in tradfi. Watch credit spreads
ETH 1k BTC 15k arent unreasonable Q1
2. Late Q3/Q4 we are full go bull market w/ macro tailwinds
The FED doesnt cut but pauses + stops QT
Liq. correlation with risk assets = ~1
Disinflation becomes a bigger risk v infl. w/ supply chains fully healed, wages/housing stagnating, unem. rising + ex. savings warn off
The FED doesnt cut but pauses + stops QT
Liq. correlation with risk assets = ~1
Disinflation becomes a bigger risk v infl. w/ supply chains fully healed, wages/housing stagnating, unem. rising + ex. savings warn off
Why ETH will flip BTC:
There are 900 BTC mined per day. At current prices, that’s ~$20mm to miners daily
Let’s assume miners sell 90% to cover costs. That’s ~$18mm in sell pressure *every single day*
Meaning, without ~$18mm of new daily buy pressure, BTC price goes down
(1/8)
There are 900 BTC mined per day. At current prices, that’s ~$20mm to miners daily
Let’s assume miners sell 90% to cover costs. That’s ~$18mm in sell pressure *every single day*
Meaning, without ~$18mm of new daily buy pressure, BTC price goes down
(1/8)
What if that ~$18mm in daily sell pressure vanished - what would that do to BTC’s price?
Wouldn’t it naturally drift up with each marginal new buyer vs being constantly weighed down by daily sell pressure?
This is exactly what is going to happen to ETH after the Merge
(2/8)
Wouldn’t it naturally drift up with each marginal new buyer vs being constantly weighed down by daily sell pressure?
This is exactly what is going to happen to ETH after the Merge
(2/8)
Today, ETH has a similar story: 14,250 ETH issued to miners (+ validators) daily. That’s ~$21mm in potential daily sell pressure
(Technically less as validator block rewards can’t be sold yet, but let’s ignore)
*Post merge, the ~$21mm in daily sell pressure goes to $0*
(3/8)
(Technically less as validator block rewards can’t be sold yet, but let’s ignore)
*Post merge, the ~$21mm in daily sell pressure goes to $0*
(3/8)
🧵THREAD - LEXIQUE DE LA CRYPTO 🤓
Tu stakes tes $ETH sur @LidoFinance pour des bETH, tu les collatéralises sur @anchor_protocol et empruntes des stablecoins ( LTV de 70%) pour farmer avec du $LUNA en LP tokens grâce à la #DeFi, tu as un APY de 16%
Rien compris ? Le guide👇
Tu stakes tes $ETH sur @LidoFinance pour des bETH, tu les collatéralises sur @anchor_protocol et empruntes des stablecoins ( LTV de 70%) pour farmer avec du $LUNA en LP tokens grâce à la #DeFi, tu as un APY de 16%
Rien compris ? Le guide👇
Airdrop
L'airdrop est une stratégie marketing des startups #crypto pour promouvoir le projet. Il s'agit de distribuer gratuitement leurs #cryptomonnaies aux utilisateurs actuels ou potentiels.
L'airdrop est une stratégie marketing des startups #crypto pour promouvoir le projet. Il s'agit de distribuer gratuitement leurs #cryptomonnaies aux utilisateurs actuels ou potentiels.
Altcoin
Altcoin est un mot-valise composé de "alternative" et "coin" pour former "altcoin". Il désigne en réalité un groupe de #cryptomonnaies , l'ensemble des monnaies virtuelles autres que le #Bitcoin
Altcoin est un mot-valise composé de "alternative" et "coin" pour former "altcoin". Il désigne en réalité un groupe de #cryptomonnaies , l'ensemble des monnaies virtuelles autres que le #Bitcoin
1/ Here is the @crypto_voices Q4 2018 update on the global monetary base. This is the only economically comparable money supply to bitcoin's. #Bitcoin is the *18th largest currency in the world*. To dig deeper in what it all means, follow on below. This is installment #3. 👇
2/ To begin, it's important to understand the universal accounting identity: Assets = Debt + Equity. Today, it's true that all fiat money is debt-based. But before exploring fiat money, let's look at asset-based money.
3/ Traditionally, commodity money has been asset-based, most notably gold. Gold is a true asset of the holder. If you own gold free and clear, it is your asset, and no one else's debt, no one else's liability.
1/ Below is a Q3 2018 update on the global monetary base, or base money. This is certainly not the M1 money supply. Not M2. Not M3. The distinction is important. What is base money? Is it #gold? Is it government fiat? #Bitcoin?? Have some charts to share. This is installment #2…
2/ To begin, it's important to understand the universal accounting identity: Assets = Debt + Equity. Today, it's true that all fiat money is debt-based. But before exploring fiat money, let's look at asset-based money.
3/ Traditionally, commodity money has been asset-based, most notably gold. Gold is a true asset of the holder. If you own gold free and clear, it is your asset, and no one else's debt, no one else's liability.
1/ Very pleased to share a summer project: a comprehensive, supply-side view of the base money supply across the globe. What is base money? Gold? Fiat? Bitcoin?? Have some charts to share…
2/ To begin, it's important to understand the universal accounting identity: Assets = Debt + Equity. Today, it's true that all fiat money is debt-based. But before exploring fiat money, let's look at asset-based money.
3/ Traditionally, commodity money has been asset-based, most notably gold. Gold is a true asset of the holder. If you own gold free and clear, it is your asset, and no one else's debt, no one else's liability.
