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, 17 tweets, 5 min read
"Bitcoin is a religion."
People are starting to catch on to this idea. I'm not saying this is good or bad, I'm just observing.

I want to write about this in the future, but I feel like everything will happen faster than I can write about it. I'll use this thread to collect tweets and ideas.
February 2019:

April 2019:

Part of my Riga epiphany:

Explanation:

Poll with 600+ participants.

@ck_SNARKs 2018:
@ck_SNARKs 2019:
@danheld 2019:

Full circle:

I discussed some of these ideas with Brady from @CitizenBitcoin

@FriarHass spreading the gospel:

More discussion on this idea with @heavilyarmedc on the Bitcoin Echo Chamber:

10 commandments by @FriarHass:

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More from @dergigi see all

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Gigi ☣️
@dergigi
1/ Quick thread on passports, facial recognition, biometrics, and other digital shenanigans.

👇
2/ If you got a new passport in the last ~10 years it probably has an NFC chip in it. These are known as "Biometric Passports" en.wikipedia.org/wiki/Biometric…
3/ Flashback to 2006: "Nearly every country issuing this passport has a few security experts who are yelling at the top of their lungs and trying to shout out: 'This is not secure. This is not a good idea to use this technology'" news.bbc.co.uk/2/hi/programme…
Read 19 tweets
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Gigi ☣️
@dergigi
1/ Had a really fun, free-flowing conversation with @heavilyarmedc on the Bitcoin Echo Chamber pod. #BEC 22 on the paradigm shift we are living through right now.

Some notes below 👇

2/ Shout-out to everyone who is innovating at the edge. @LightningK0ala building cool ⚡️ stuff like satoshis.place & koalastud.io, @cryptograffiti innovating in the art space, ... Can't wait to see what this future paradigm will bring!
3/ As mentioned on the pod, I hope we will move away from an ad-based model and move towards a direct, support-based model. h/t @tippin_me, @tallyco_in, @vandrewattycpa of LibrePatron, and of course @BtcpayServer 🙏
Read 22 tweets
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Gigi
@dergigi
1/ I just published "Economic Teachings of Bitcoin", the second part in a three-part series on What I've Learned From Bitcoin.

medium.com/@dergigi/econo…
2/ Bitcoin taught me more about money and finance than all of my previous education combined. It encouraged me to look behind the curtain and face my financial ignorance. (h/t @aarontaycc @BitcoinDunny for not making me feel alone)
3/ I learned about inflation and the catastrophe of hyperinflation. To quote Hayek: "I do not think it is an exaggeration to say history is largely a history of inflation, and usually of inflations engineered by governments for the gain of governments."
Read 15 tweets

Related threads

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Adam Harstad
@AdamHarstad
Joe Namath's rookie contract was the largest in professional football history. Not among rookies, among everyone.

His knees were so messed up that the military gave him deferred service. He used to have to get them drained during halftime so he could finish games.
Despite this, Namath made the pro bowl in his 1965, his first season, and was named Rookie of the Year. He was a first-team All Pro QB in 1967, 1968, and 1969, earning AFL MVP in the latter two seasons.

(Side note: in 1969 the AP named him 2nd-team All Pro *AND* league MVP.)
Shortly after, injuries began to mount. He missed 9 games in 1970 and 10 games in 1971 before playing 13 out of 14 games in 1972 and again being named first-team All Pro, this time of the post-merger league.

Missed 8 more games in 1973 before winning Comeback PotY in 1974.
Read 27 tweets
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MikeTheHuman113
@MikeIsAHuman
Time for the cancel culture thread!

Grab some popcorn folks, and let's get ready to rumbllllllllllllllllleeeeeeeeeeeee!

Okay, from this point on, I'm gonna be more serious. Just had to break the ice on this sensitive subject somehow. Let this be a warning that from here on out I'll be discussing a lot of real-life topics one could consider triggering, so no shame if you want to sit this one out.
So, first off. Cancel culture. What do I think of it? Is it good, is it bad? Has it gone out of hand?
Put simply, no, I don't like it. I don't really hate it either, but generally I'm not a fan of mob mentality, so I do see a lot of flaws with it.
However, and stay with me here:
Read 25 tweets
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Vijay Boyapati
@real_vijay
1/ How many times did you have to hear about #Bitcoin before you were ready to acquire some or, at least, explore its significance? This number of "touchpoints" is an important factor in the process of Bitcoin's monetization.

Let's explore the idea of touchpoints in a thread: 👇
2/ We now know that the process of #Bitcoin's monetization is occurring in a series of hype cycles where the magnitude of each cycle is defined by the people "reachable" in that cycle. Which people defined the prior cycles? 👇

3/ The first hype cycle in the #Bitcoin market was dominated by cryptographers and cypherpunks who were already primed to understand the importance of Satoshi Nakamoto's groundbreaking invention.
Read 13 tweets
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Caitlin Long 🔑
@CaitlinLong_
@nic__carter 1/ TOUR-DE-FORCE, *MUST READ* from @nic_carter. Well-researched & well-reasoned. I don't agree w/ all of it, but it's a timely call to arms to #bitcoin intermediaries to PROVE YOUR SOLVENCY cryptograhpically. Thanks for naming names, Nic. I wasn't aware that one exchange has...
@nic__carter @nic_carter 2/ ...routinely issued #ProofofSolvency reports (Coinfloor). Your point is well-taken that Coinfloor puts its better-capitalized competitors to shame--bc when an intermediary holds 100% reserves, that means it is SOLVENT & it doesn't really matter how well-capitalized it is. I'd
@nic__carter @nic_carter 3/ ...rather trade via a small but provably solvent counterparty than a big but insolvent one any day. @nic__carter's chart is worth studying in detail & it shows what everyone should realize--that we're in a debtor/creditor relationship with #crypto exchanges when they take...
Read 16 tweets
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hodlonaut🌮⚡️🔑
@realLudvigArt
Miners secure the future.

Nodes secure the past.

#Bitcoin cannot succeed nor exist with either.

Can we please put the nodes vs miners narrative to rest please, it is moot. Bitcoin requires both.
Nodes want blocks from lots of distributed miners to avoid censorship of their transactions.

Miners want to propagate blocks to lots of distributed nodes to ensure the longevity of their investment (mining equipment); again to avoid censorship (takedown of the network).
Users then seek the most distributed (secure) network to store their value, in which by they spontaneously create value.

They want distributed nodes to prevent network takedown (past).
They want distributed miners to prevent network censorship (future).
Read 4 tweets
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Sal ₿ Ohcin M.D. ⚡️
@sal__ohcin
Cryptocurrency is effecting a turning of the tide from Gresham's Law to Thiers' Law.
2/ Gresham’s Law states that "bad money drives out good.” It applies when both forms of money are considered legal tender and have their exchange rate set by law.
3/ People will hoard the “good” money (which becomes the store of value) and transact with the “bad” money (which becomes the medium of exchange). Merchants are forced to accept this “bad” money because of the legal tender laws.
Read 12 tweets

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