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bitcoiner @AnselLindner
, 3 tweets, 1 min read Read on Twitter
#India can't ban #bitcoin. Bitcoin will happily and easily move underground and the resulting premium will draw in more.
Countries will eventually get it, trying to ban bitcoin incentivizes civil disobedience.
It's also interesting that the two gold loving countries of China and India fight bitcoin so much.

Will they be on the wrong side of a monetary shift once again?
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More from @AnselLindner see all

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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
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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
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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

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#Bitcoin 200 Week Moving Average is giving tough fight. Even if you do not understand technical analysis, it’s worth learning 200 MA as last line of defence for major assets. It works in all timeframes. It’s never to the dot & can breach briefly even if the level wants to hold.
/2

Treat Support & Resistance Levels as your friends or enemies. They do most of the fight for you in the war

They act as the first line of defence at every stage of your war against other traders (Yupe Trading is a war between well trained & less trained traders/whales)

/3
/3

Traditionally 200 MA, delivers 161.8% or more pullback in smaller timeframes during strong trends

If the trend has weakened, 200 MA can be breached easily & doesn’t offer much of a fight

#Bitcoin is in uptrend as far as weekly chart is concerned

/4
Read 7 tweets
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#Bitcoin is bigger than all the companies that try to capitalise on its #blockchain #technology.

#Bitcoin + #IoT + #DeepLearning will transform the global political & financial system without permission.

#blockchain #LightningNetwork #fintech #blockchain #disruptiveinnovation
#Decentralisation will take time.

#Bitcoin is decentralised although still attached to a centralised world.

⚠️ This is the alpha.
⚠️ #LightningNetwork is the beta.
If you want to change society you need to change the social paradigm, or offer an incentive greater than money to discourage greed. #bitcoin #LightningNetwork ⚡️
Read 10 tweets
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#Bitcoin isn't just mathematically secure, it's thermodynamically secure.

Bitcoin's cryptography is based off of computational hardness assumptions and the complexity of brute force attacks.

We can compute the minimum energy / time needed to attack Bitcoin.

1/
For eg, to break preimage resistance of sha256, we must compute 2^256 hashes.

BTC has 50M TH/s hashpower. It would take
2^256 / (50 * 10^6 * 10^12) s
= 2^256 / (5 * 10^18) s
> 2^256 / (2^3 * 2^60) s
= 2^256 / 2^63 a
= 2^193 seconds
> 10^40 * age of universe
To break it.

2/
Antminer S9 does 13TH/s at 1300W. That's 10^9 hashes / Joule.

The sun emits ~4 * 10^26 W in energy. That's enough to power 4 * 10^35 hashes / s.

2^256 / ( 4 * 10^35) s
> 2^256 / 2^122 s
= 2^134 s
= 10^22 * age of universe

The sun can't even break sha256.

3/3
Read 3 tweets
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#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
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Trying to cram as much chart data in a screen with the TSI and stoch RSI. First chart is a daily chart with 1d tsi basic settings and 3d stoch RSI. Second chart is weekly with basic tsi and stoch. $xbtusd $btcusd $btc #bitcoin
Sorry for the crappy charting, I'm doing this in between things at work and can't access full trading view website for some reason. I'm trying to see where we are right now in this bear market compared to the bear market of 2013-2017. Price peaked at 1136 in Nov. 2013.
Then a two year bear market followed through all the way to January 2017. And for more than 3 months, we have a maximum buy opportunity period, where averaging down between 150-300$ had the maximum reward. This is what we are looking for right now.
Read 8 tweets
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THREAD: Ready to get mindblown by #Bitcoin #CORE implementations and progress?

Volunteers around the world gather and cumulate tons of hours from the best minds on this planet about the topic. This is a gift, an invention made to humanity.
Forget about 2nd layer, it's already and way too mainstream as I recently stated.

Yet, welcome now to the "in between layers": "The new layer can be seen as a channel factory"

bitcoinmagazine.com/articles/new-s…
Now Smart contracts.

You tought #Bitcoin was dumb? First and foremost, you were wrong because $BTC has smart contracts *since the inception*: multisign and lately get timelocks (led to LN).

If you didn't know that, admit you're never really been interested in Bitcoin or lured?
Read 35 tweets

Trending hashtags

#nuclear #Bitcoin #disruption #BigLosers #Decentralisation #BigBlockers #BitcoinAt10 #FreedomMovement #PURGE #UnfairlyPrivate #BTC #WallSt #us #FinTwit #MotivationMonday #ETF #PublicHealthHistory #Hinduism #India #Ethereum #UnfairlyUnconfiscatable #UnfairlyFair #bitcoin #economy #disruptiveinnovation

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