Brandon Quittem Profile picture
Sep 19, 2020 17 tweets 3 min read Read on X
“Half of the $MSTR board already owned Bitcoin personally before I started pitching it as our reserve asset.” — @michael_saylor

H/t recent @RealVision interview
“Every treasury asset has a negative real yield, except for Bitcoin” — Michael Saylor
“No one who actually understands bitcoin only puts in 1%” — Michael Saylor
“This is not a speculation, nor is it a hedge... this is a deliberate corporate strategy to adopt the #bitcoin standard”

@michael_saylor, CEO of MicroStrategy
“Bitcoin is a living cybernetic hive creature built with a wall of encrypted energy”

@michael_saylor
“MySpace flamed out at a billion dollars. Less than 1% of Bitcoin.

Bitcoin was never MySpace.”

— Michael Saylor
“Bitcoin is a living thing. It keeps getting smarter.

Gold is not going to get 100x smarter In the next few years

Bitcoin is harder, smarter, and faster than gold.”

—Michael Saylor
“The summary of my analysis is:

If #Bitcoin’s not 100x better than gold, then it’s 1,000,000x better than gold.”

@michael_saylor
“Bitcoin is the upgrade from masonry —> steel for the firmament for the 21st century financial ecosystem.”

—Michael Saylor
“If you give rational people enough time and resources [to understand Bitcoin] they’ll come to the same conclusion as I did.”

—Michael Saylor
“Once you understand bitcoin, you have anxiety about being short.”
— Micheal Saylor
Michael: When I’m in the market I’m buying Bitcoin four days in a row, every minute.

Raoul: Are you doing it all yourself?

Michael: I control it all. If it’s worth doing, do it yourself
“Who are these people that are selling [bitcoin] to me. I can’t believe someone is willing to sell it to me.”

—Michael Saylor
“I’m buying [bitcoin] for the dude that’s going to work for the dude that gunna get hired by the guy who takes over my job in 100 years. I’m not selling it.”

@michael_saylor
Raoul: “When I look at every time horizon from a month out to a hundred years, Bitcoin is the winner”

Michael: “Now you know what you must do”

Raoul: “ha now I must sell all my gold”
“Imagine the first construction company CEO who says we’re going to build with steel this year”

—Michael Saylor
“You’re not irresistibly long... you’re just unfortunately rational.

You’re *exclusively* rational.”

—Michael Saylor

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More from @Bquittem

Nov 6, 2023
1/ So you want to work for a Bitcoin company?

Quick 🧵thread:
2/ Being "obsessed with Bitcoin" is not a qualification, that is table stakes.
3/ Don't use ChatGPT.

It's obvious and you're lazy.

If I notice answers from ChatGPT, I will delete your application immediately. I'm seeing close to 50% 🤮
Read 15 tweets
Apr 22, 2023
1/ The Satoshi Enigma (a short story)

In the year 2140, the world was abuzz with excitement and curiosity because Satoshi Nakamoto’s fortune moved for the first time in over a century.
2/ A single transaction had sent ripples through the world, reigniting the age-old debate surrounding the true identity of the mysterious genius.
A group of skilled, anonymous hackers known as "The ChronoPunks" decided to take matters into their own hands.
3/ They were determined to solve the enigma of Satoshi Nakamoto once and for all.

An intriguing rumor surfaced of a break-in at the Alcor Life Extension Foundation.

The Alcor facility was renowned for housing the cryogenically frozen body of Hal Finney.
Read 12 tweets
Aug 16, 2022
.@ethereumJoseph wants CBDCs on a permissioned Ethereum chain.

Goes against everything this revolution stands for.

cdn2.hubspot.net/hubfs/4795067/…
Lubin is courting the WEF crowd at Davos in the first line...
"CBDC can give the central banks more effective, future-oriented tools to allow them to implement monetary policy in more direct and innovative ways and keep pace with technological change"

Sounds like financial repression to me, Joe.
Read 15 tweets
Aug 15, 2022
1/ I said "Vitalik never understood PoW deeply"

I don't know if I'm right or wrong, but here are some examples of @VitalikButerin misunderstanding PoW

🧵👇
2/ Seems like V made up his mind on PoS in 2014 & has been tunnel vision ever since.

“difficult to get a man to understand something when his salary depends upon his not understanding it.”

He also doesn't grasp the energy industry (explains the naive "PoW wastes energy" takes)
3/ V gets a lot wrong with this one...

A) V doesn't think exchanges will stake customer deposits. (lol how could he possibly miss this?)

B) "PoW can get captured by big mining cos"

Cheap energy is geo-distributed, often in small packages. Favors a fat tail of smaller miners.
Read 17 tweets
Aug 14, 2022
- Vitalik never understood PoW deeply
- Vitalik says PoS is better (since 2016?)
- Most Ethereans trusted Vitalik, rather than verify themselves
- Now very few ethereans understand PoW
- Yet the vast majority want to transition to PoS (based on faulty logic)
To those saying “extraordinary claims require extraordinary evidence”

Fair enough...

cc @antiprosynth @sassal0x @taha_crypto1

Read 4 tweets
Apr 13, 2022
1/ #Bitcoin miners are symbiotic with energy producers.

Together they make (1) harnessing energy cheaper, (2) more reliable, and (3) more widely distributed on our planet.

By mastering energy we will increase human flourishing... 🧵

brandonquittem.com/bitcoin-is-a-p…
2/ What's a pioneer species?

A "pioneer species" such as a lichen (🍄🤝🌲) bootstraps a new ecosystem by converting a barren wasteland into an oasis of life

Similarly, Bitcoin miners bootstrap human civilization by incentivizing energy production, leads to human flourishing
3/ Bitcoin mining and Proof of Work are also widely misunderstood.

As a result, Bitcoin+Energy symbiosis is severely mispriced

But I'm not surprised...

Bitcoin mining is everything you don’t understand about energy combined with everything you don’t understand about Bitcoin.
Read 25 tweets

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