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Bill Barhydt Profile picture
@billbarX
Mar 29, 2019 • 4 tweets • 3 min read • Read on X
Looks like I’m now the Lightning Torch bearer.

Thanks @SatoshiLite for your confidence and of course for your contributions to Bitcoin and Litecoin.

Who should I pass this to and why?

#LNTrustChain
CC
@starkness
@tdryja
@NickSzabo4
@jcp
@jack
I will be passing the torch this morning ( California time ) please send your 4.11M Satoshi invoices asap!
To clarify. Next invoice should be 4.12M Satoshis. Thanks for catching everyone.
The torch has been passed. @jdrive was one of the earliest and most successful investors in the Bitcoin and Crypto space. Bitcoin and Lightning are going to require significant investment capital to reach escape velocity. Jim is just the man for the job!

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More from @billbarX

Bill Barhydt Profile picture
Mar 10, 2023
Not a great day to be a bank in the United States.

There is now widespread fear, if not yet panic, over bond market losses at all mid sized US banks. What exactly is happening?

Basic fact: banks hold less than 1% of liabilities (ie your deposits) as physical cash.🧵
Banks are over exposed to bonds. That is problematic in a market with rising rates such as 2022-23. Rising rates means falling bond prices. In a liquidity crunch you sell bonds at a loss. Someone has to cover the loss: shareholders, clients, tax payers.. or the bank goes bust. /2
Most banks are effected as they all do the same thing... buy treasuries.

Silvergate went into liquidation after Sen Warren caused a run by tweeting that the bank wasn't solvent forcing them to sell treasuries. /3
Read 5 tweets
Bill Barhydt Profile picture
Jun 10, 2022
BIG NEWS Today @AbraGlobal Fans...

1. The Abra Crypto Card on the American Express Network

2. The Abra NFT service for one click buying, selling, sharing NFTs without leaving the Abra App

3. There's more!! 🧵...

abra.com/crypto-card-wa…

#Bitcoin #CPRX
1. Abra Crypto Card on the American Express Network

Super excited to be launching a new type of credit card to the US market that pays rewards in crypto on any purchase

Amex benefits include merchant offers, purchase protection and special access events

abra.com/crypto-card-wa…
2. Abra NFT service

Buy, Sell, Share, Personal Gallery all via your existing Abra account. Huge. I've wanted this for years and I'm so excited its coming to Abra.

No more metamask madness. No more wasted gas fees, no more lost keys for NFTs, no more confusing checkout windows.
Read 4 tweets
Bill Barhydt Profile picture
May 16, 2022
Is an algorithmic stablecoin even possible? Let’s take a look. 🧵👇🏽
Single biggest issue with algo stablecoins is that synthetic assets based on unproven collateral are a really bad idea.
If you wanted to create a synthetic dollar using gold or #Bitcoin or Ethereum that could work (Abra did it) since the collateral is unlikely to go to zero.
Read 7 tweets
Bill Barhydt Profile picture
Jan 3, 2021
As #Bitcoin turns 12 I have to pay homage to what looks like one of the best price setups I've seen in my entire investing life. $500k Bitcoin now seems reasonable to many.

Thanks @RaoulGMI for sharing. Your analysis seems spot on as always. 1/4 Image
#Bitcoin is growing exponentially with network effects that the world has never seen in a financial product before. Humans often struggle with exponential thinking until it's too late. Ask @PeterDiamandis and @TonyRobbins 2/4
When retail FOMO decides that #Bitcoin is going to $100k media will start speculating on price targets of $500k. Bitcoin's scarcity and dwindling tradable supply will accelerate this move in the coming months. 3/4
Read 4 tweets
Bill Barhydt Profile picture
Oct 6, 2020
I’ve never been this excited about the potential of #Bitcoin for significant price appreciation in the short term (less than 18 month time frame.)

Why? Read on...
First the technicals...

As a hard asset with a stock to flow that will approach infinity #Bitcoin is the perfect hedge against inflation.
Bitcoin has been less volatile than many stocks this year while its price has appreciated over 25% in 2020.
Read 12 tweets
Bill Barhydt Profile picture
Oct 1, 2020
On Bitmex/CFTC/DOJ... Discussions all over the place. Let me consolidate everything here in this thread...
CFTC knows very well Bitmex blocks US IP addresses. They also know there is no KYC/CIP and any VPN gets around this.
Rumors abound that the CFTC FinCEN DOJ and now the FBI have been investigating Bitmex for years.
Read 20 tweets

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