Profile picture
bitcoiner @AnselLindner
, 4 tweets, 1 min read Read on Twitter
#Bitcoin has had a fascinating affect on libertarians and "the freedom movement."

Like an ultimatum, it has split libertarians into two separate camps, Neo-Austrians (cypherpunks) and a postmodern libertarians.
The former is characterized by a focus on technology, money and the pursuit of truth, while the latter is focused on pragmatic politics and postmodern libertarian skepticism.
Bitcoin is unyielding. It forces formerly well-respected Austrians into logical inconsistencies, contradicting themselves, as they attempt to dismiss it.

They refuse to approach Bitcoin rationally, so end up rejecting technology and science, too.
Because they'd lose arguing bitcoiners they descend into postmodernism.

Missing some Tweet in this thread?
You can try to force a refresh.

Like this thread? Get email updates or save it to PDF!

Subscribe to bitcoiner
Profile picture

Get real-time email alerts when new unrolls are available from this author!

This content may be removed anytime!

Twitter may remove this content at anytime, convert it as a PDF, save and print for later use!

Try unrolling a thread yourself!

how to unroll video

1) Follow Thread Reader App on Twitter so you can easily mention us!

2) Go to a Twitter thread (series of Tweets by the same owner) and mention us with a keyword "unroll" @threadreaderapp unroll

You can practice here first or read more on our help page!

Related hashtags

#Bitcoin

More from @AnselLindner see all

Profile picture
A real "dApp" is a very rare thing. So rare they can easily have their own names, like Bitcoin and Lightning Network.
As a idea, apps that label themselves dapps, is pretty funny.
Mainly, they call themselves dapps to excuse their lack of users and to confuse their investors. There are no dapps on ethereum, except maybe the erc20 contract itself I guess.
Read 3 tweets
Profile picture
Can the altcoins handle the coming pain?

How many holders of last resort do they have?
Altcoins have built their networks on marketing and false narratives. Reinflating an altcoin bubble is without deliverables is going to be impossible.
Bitcoin delivers its value prop everyday. It delivers more valuable innovation all the time. It's network effects will continue expanding, while altcoins' will shrink to nothing.
Read 3 tweets
Profile picture
The term "cryptoassets" (conveniently the title of Chris's book) is hugely detrimental to investors' understanding of digital scarcity and sustainable comp advs in this tech.

The term scam, however, is *under used*. Ripple is the #2 coin by market cap for God's sake.
#bitcoin
The entire altcoin complex would benefit if people were less forgiving of the 99% that are outright scams.

Of course, the line we are told to toe (by scammers) is to ignore the scams, be nicer, let the scams run their courses naturally. Lol
It feels very similar to the coinbase "education" initiative, that just fills your head with buzzwords like blockchain and cryptoassets, then they try to sell you their scams coins, that have no competitive ad except for pumpers and shills.
Read 5 tweets

Related threads

Profile picture
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.
Read 64 tweets
Profile picture
#Bitcoin and fractional reserve banking (FRB). Thread 👇

Ok, this is going to be a controversial one. I've avoided the topic for a long time, but since there are many important experts -- ppl that I truly admire -- discussing the subject, I can no longer ignore it.
1/ Since the @Bakkt announcement, the issue has gained steam, especially through the works of @CaitlinLong_ (who's a real champion of #Bitcoin and liberty btw) and her concerns on WallSt's financialization of crypto. B/c of that, FRB is now inserted frequently into debates.
2/ As a background for laymen, FRB is considered THE BIG CONTENTIOUS & UNRESOLVED DEBATE within adherents of the so-called Austrian School of Economics. Rothbardians tend to think it's fraudulent, inflationary and causes economic cycles. They are the proponents of 100% reserves.
Read 33 tweets
Profile picture
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.
Read 61 tweets
Profile picture
#Bitcoin: great reversal setup after extended drop aided by the ICE bullish news. Went long 7395, 7400, 7405 (different exchanges), added 7460. Ideal entries were between 7390 and 7430. Horizontal lines are my S/R levels. First target is 7650. Stop 7630. $BTC $XBT
Thought to illustrate how not looking to catch the bottom. By trading a reversal this way one is actually trading with the immediate trend, rather than against the trend. Issue with executing like this is if using limits will more often than not NOT get filled.
Stop 7330, not 7630.
Read 3 tweets
Profile picture
A trip down memory lane... The earliest #bitcoin price chart I've found is from bitcoincharts.com of "Bitcoin Market". This was pre-MtGox. On May 25, 2010 #Bitcoin was trading at 0.3 cents. 1000 BTC was traded that day, for a 24hr volume of $3 USD. @cryptotwitter
The famous Bitcoin Pizza Day was only 3 days earlier on 22 May 2010 when Laszlo Hanyecz paid 10,000 BTC for two Papa John's pizzas. 0.25 cents per BTC. Apparently the market rate was 0.41 cents per BTC. (via @Investopedia)
During 2010, pre Mt Gox, alongside BitcoinMarket.com, there was also The Bitcoin Exchange in operation. I'd love to see their price data to reconstruct the full price chart 2009-2018, if anyone has it.
Read 6 tweets
Profile picture
Exploring the emergence & evolution of the #Bitcoin #business #ecosystem. The following network graphs are based on dataset of 514 entities.
Bitcoin business ecosystem - 2010
Bitcoin business ecosystem - 2011
Read 16 tweets

Trending hashtags

#bitcoin #blockchain #Bitcoin #Ethereum #HODL #Bitcoins #line #AI #ProofOfKeys #flippening #SegWit #BitcoinAt10 #ethereum #EmbraceUnity #IoT #NEOdevcon2019 #crypto #StayWoke #EmbraceLove #PAMFAM #fractionalreservebanking #Mimblewimble #TeamPatriot #NutShellReport #CYPHERPUNKS

Did Thread Reader help you today?

Support us! We are indie developers!

This site is made by just three indie developers on a laptop doing marketing, support and development! Read more about the story.

Become a Premium Member and get exclusive features!

Premium member ($3.00/month or $30.00/year)

Too expensive? Make a small donation by buying us coffee ($5) or help with server cost ($10)

Donate via Paypal Become our Patreon

Thank you for your support!