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$BCH isn't a scam, but it kinda is. BCash isn't a scam because #Bitcoin is an open-source project and anyone can fork it (and sometimes it feels that almost everyone did at some point). The software isn't the problem, it's certain people behind it that are committing fraud.
BCash came into existence as an attempt to strong-arm Bitcoin users and businesses. It was backed and funded by 3 people: Roger Ver, Jihan Wu and Craig Wright. Again: no issue with them forking off, their choice and they want to try to take a different route, which is fine.
It resulted in a centralized coin (3 main backers) with centralized development (3/4 different "implementations" by devs who lack experience and all funded by the same people) and centralized mining. Nothing special about it, although claiming it to be decentralized isn't true.
Read 6 tweets
#Bitcoin's off chain layer 2 is what makes it adaptable to nearly anything the free market can think of.

Bitcoin's decentralization on layer 1 is what ensures it's a "free" market.
Altcoins and ICO tokens are relatively centralized, and as a result are less free and adaptable.
Thanks to #bitcoin's relative decentralization and resulting freedom, its adoption is higher and it's ecosystem more vibrant.
Read 6 tweets
1/ #Bitcoin Stages -

Price momentum can always be divided into 4 stages -@markminervini

-S1 accumulation range (no media/max opportunity)
-S2 directionnal trend (<<-- THIS IS WHERE YOU SHOULD TRADE)
-S3 huge volatility (media are nuts/min opportunity)
-S4 final mark down/crash
2/ I told you to look into this article, that was the key for a great trade to do:

- Leave S2 behind
- Act during S3 that's going nowhere (22nd dec -40% day was the clue for S3)
- So you had plenty of time to avoid S4 by beeing invested in it.

3/ #Bitcoin is the key leader and barometer of $CRYPTO sector. Hate it or not. This is just rationnal and reality. As long it's not trending up (S2), $CRYPTO will mostly not trending up.

Your goal is to survive/make minimum mistakes not beeing right every move so avoid S1/S3/S4
Read 8 tweets
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1/ My theory on why @rogerkver acts the way he does. I think the root cause is that he doesn't understand #Bitcoin on a sufficient technical level
2/ Any politician can make grand promises of solutions to problems, and expect others to make them happen. But building and delivering is what counts
3/ If Bitcoin is to become a foundation for human and machine peer-to-peer interaction that nobody can control or censor, each user needs to easily be able to run a full node
Read 8 tweets
What irony if the stock market plunge was just people selling off to buy #Bitcoin :)
And saw a chart that almost everything is red so my guess is that people are selling of some stocks to diversify into #Bitcoin
It's also very near Chinese New Year so the "after-dinner effect"'is probably going to happen right after CNY celebrations
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1/ Everyone wants to know when #Bitcoin will bottom. I have some good news and some bad news. Which would you like first?
2/ Bad news, right? Everyone wants the bad news first. If you can stomach the broccoli you'll get rewarded with dessert. At least, that's what I tell my daughter!
3/ Ok, here goes: bear market bottoms are NOT formed as sharp V-like corrections, retaking the highs; that's what bull markets look like.
Read 11 tweets
1/ Blockchain is a very sluggish thing. Many confirmations (= time) are needed to ensure transaction finality. It is inefficient because everybody sees all transactions. And we need to store all transactions for eternity (unless Mimblewimble is used.)
2/ But if properly implemented blockchains are of extremely high security. And the location of sender & receiver is irrelevant. This is _the_ killer app for which everything else is built upon.
3/ From this hard secure foundation we can build faster & cheaper payments (like the lightning network) that still carries almost the same security thanks to smart contracts.
Read 7 tweets
1/ #Bitcoin is in a mania. I admit that. People are accumulating. If bitcoin was a typical investment, it would be setup for a 90% sell-off. But this isn't a typical investment.
2/ It's important to understand that #bitcoin is divisible to 8 decimal places. 0.00000001 btc = 1 Satoshi, the smallest unit (that the base layer will recognize).
3/ It's true, #Bitcoin isn't usable for everyday payments at the base level, no cryptocurrency is, but it is good at making transactions that are censored by credit cards and other payment methods. ie wikileaks donations, dark mrkt prescription drugs, etc.
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I bought #Bitcoin 4 years ago. :)

But, I lost my wallet's password & back-up codes. :(

I'm going to live-tweet my attempt to hack back into my wallet.
Okay, first, I'm currently on a mac. So, I need a remote desktop windows machine. Tonight, I'm going to use Amazon Workspaces.

(Windows running in a window on my Mac.)
So, here's the plan.

1. Install python, visual studio and a bunch of other packages.
2. Generate as many passwords as possible based on a few parameters I think might be accurate.
3. Brute force.
Read 41 tweets
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Too expensive?
Make a small donation instead. Buy me a 🍺 beer ($5) or help for the 🛠 server cost ($10):
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Using crypto? You can help too!